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In modern times we have become so busy that we often ignore the most important tasks of life, healthcare being one of them. Hectic schedule, busy traffic, transportation cost coupled with expensive medical care keeps us away from a doctor, until it is something serious. What if the doctor, diagnostics and medicines were delivered at your doorsteps?
 A one-of-its-kind app, <keyword id="3068499" type="UNKNOWN" weightage="100" keywordseo="DocsApp">DocsApp</keyword> connects doctors with patients on the go to provide efficient and convenient medical care. 

	What it solves
 

	Often termed as WhatsApp for patients and doctors, it solves four main problems that are preventing patients from consulting a doctor physically.
 

	To start with, our fast and hectic life has pushed healthcare to the back burner. People are too busy to go down to a specialist. They often self-medicate or just let it be, which should not be the case. Research shows that 72 per cent of health issues are common illnesses and do not need physical examination. Hence, people can rely on the app as an alternative form.
 This also comes to the rescue of people looking for privacy for sensitive issues related to psychology, spousal relationships etc. A large number of women too seem to have been key takers for consultations regarding menstruation problems, pregnancy planning or <keyword id="24295" type="UNKNOWN" weightage="100" keywordseo="infertility">infertility</keyword> consultation, pregnancy and post pregnancy care and lactation consultation. 

	One of the major problems that are crippling the healthcare system is the cost incurred to see a doctor. Most hospitals charge a hefty amount as the registration fees of which about 50 percent of the money is infrastructure cost.
 

	“If you go to Apollo, you have to pay Rs. 350 which do not include the doctor’s fees and medicine cost. We charge Rs. 150 now and are trying to decrease it in the future,” said Satish Kannan, co-founder of DocsApp.
 

	To add to all these, our present healthcare system is not accessible for majority of the population. 97 per cent of the specialists are situated in the top 10 cities. Hence, those from smaller towns and cities do not have access to affordable healthcare. At present there is 1 doctor for 1700 people and the gap is going to grow, as per WHO statistics.
 

	DocsApp is the one click solution to all the problems that create a gap between availability and accessibility of medical services in the country by connecting the patient with the concerned specialists within 30 minutes.
 

	Some numbers
 

	• The app offers its users a strong network of eminent doctors across seven departments. 
	 

	• 15000 patients consulted doctors via DocsApp across India in a short span of 3 months
 

	• Network of 120 top doctors across 3 cities – Bangalore, Mumbai and Delhi
 

	“We plan to reach 10 cities in the coming 6 months,” added Satish.
 

	They also plan to start delivering medicine at doorstep soon.
 

	“People send reports, pictures and queries about conditions like Acne, hairfall, pigmentation and fungal infection. I attend to them on the go,”said Dr. TS Nagesh, one of the dermatologists on the platform.
 

	Satish accepted that the doctors on the platform are not very large in number. 
 

	“We take full responsibility of the quality of the consultation and service provided to the patients. Hence we curate each and every doctor before registering him/her on the platform.”

	 (Image credits: <keyword id="6355629" type="CITY" weightage="100" keywordseo="Google">Google</keyword> Playstore)

Now doctor, diagnostics and medicines all at your doorstep
with this revolutionary App!

Welcome to Digital Health Briefing, the newsletter providing the latest news, data, and insight on how digital technology is disrupting the healthcare ecosystem, produced by Business Insider Intelligence.<a href="http://www.businessinsider.com/intelligence/digital-health-briefing?IR=T">Sign up and receive Digital Health Briefing free to your inbox.</a>Have feedback? We'd like to hear from you. Write me at: <a href="mailto:lbeaver@businessinsider.com">lbeaver@businessinsider.com</a>VIRTUAL HEALTH ENGAGEMENT DRIVES OSCAR HEALTH Q1 EARNINGS: Oscar Health, a tech-focused startup insurer, reported that it reached 240,000 members in Q1, up from 90,000 in Q1 2017. The insurer also boasted 300% year-over-year (YoY) growth in gross premium revenue for the quarter. The results suggest that Oscar is on track to hit its projected premium revenue goal of $1 billion for 2018, Oscar Health CEO Mario Schlosser said in a press release. Buoyed by these numbers, Oscar also announced plans to expand into four new states in 2019, <a href="https://www.bnnbloomberg.ca/obamacare-startup-oscar-will-expand-to-new-states-ceo-says-1.1077178">according</a> to Bloomberg.Oscar Health is a prime example of how payers can use modern technology and a customer-centric approach to drive membership growth and retention. Much of Oscar's growth relies on the company's virtual services.<ul><li>Concierge encourages robust engagement among members. Concierge is a platform that provides each member with a care team that they can connect with via the Oscar app. Twenty-six percent of members interact with Oscar's Concierge team prior to filing a claim within 14 days. </li><li>More members are using Oscar's platform to find in-network care, which makes Oscar more valuable to its health system partners. While scheduling their first appointment, members used Oscar to locate in-network doctors 43% of the time, up from 14% in 2016.</li><li>Easy access to Oscar's telemedicine service means fewer patients are turning to more costly services like emergency or urgent care. Members who used telemedicine to connect with Oscar's physicians didn't seek follow-up care 80% of the time.</li></ul>Oscar's performance in Q1 is a turnaround from the insurer's tumultuous 2017, when it withdrew from several states. In each area Oscar expands to, it partners with only a few health systems. As consumers, particularly those in the millennial age bracket (people born between 1977 and 2000), increasingly seek out alternative modes of healthcare delivery, such as telehealth, Oscar can direct its engaged customers to partner hospitals and clinics, driving up usage and revenue rates at these health systems.Nevertheless, Oscar's outlook remains murky. Incumbent health insurers could replicate the startup's virtual platform with relative ease, and many are already exploring these options. Moreover, the larger vendors have more robust partnerships with health systems around the US as well as much larger member bases. Because of this, it remains unclear whether Oscar Health's strategy - along with those of its ilk, such as Clover Health - will be able to disrupt the US health insurance market in any meaningful way.<div class="KonaFilter image-container display-table"><div><div class="image on-image">Business Insider Intelligence</div></div></div>GOOGLE SISTER COMPANY VERILY WORKING ON BLOOD-DRAWING WEARABLE: Verily Life Sciences, Google-parent Alphabet's health-focused business, is developing a wearable that uses micro-needles and magnets to make blood collecting painless and convenient, <a href="https://www.cnbc.com/2018/05/11/alphabet-health-group-is-building-a-watch-that-collects-blood-using-tiny-needles-and-magnets-.html?__source=twitter%7Cmain">according</a> to CNBC. The prototyped wearable analyzes blood for health signals, making patient monitoring less invasive than traditional blood drawing. While the regulatory and technical barriers mean the device is likely a few years from market, it illustrates Verily's continued interest in ambitious health-related tech. Verily tends to lean on its engineering expertise - especially in miniaturized electronics, analytics, and consumer software development - to team up with medical partners that specialize in various domains of medicine. In the past year alone, Verily <a href="https://www.cnbc.com/2018/03/15/alphabet-verily-joint-venture-verb-health-tech.html">collaborated</a> with Johnson &amp; Johnson to develop surgical robots, <a href="https://www.cnbc.com/2016/09/12/sanofi-google-parent-in-500-million-diabetes-joint-venture.html">announced</a> plans to enter the field of bioelectronics, and launched efforts to develop tech that improves diabetes management. Verily is not the only Alphabet subsidiary extending its reach into the healthcare market, as Google <a href="https://medcitynews.com/2018/04/google-healthcare/">aims</a> to leverage its expertise in AI for a greater role in healthcare. Between Google and Verily, Alphabet is poised to have a significant influence in the healthcare sphere in the coming years.US PROVIDERS TURNING TO TELE-ICU REPORT POSITIVE ROI: Emory Healthcare, the largest health system in Georgia, along with health tech giant Philips, <a href="https://www.prnewswire.com/news-releases/philips-emory-healthcare-and-royal-perth-hospital-in-australia-partner-to-launch-remote-intensive-care-monitoring-program-300646916.html">announced</a> the launch of a new tele-Intensive Care Unit (tele-ICU), a program that connects critical care patients in the US with US providers based in Australia. Tele-ICU enables off-site physicians to monitor patients and connect with bedside staff. The program, which will be based in Perth, Western Australia, is the next phase of Emory Healthcare's 2016 pilot program that deployed in Sydney, New South Wales. The virtual care program takes advantage of the time-zone difference and means that US physicians based in Perth can offer nighttime remote care for patients in Atlanta, when it's daytime in Australia. This can help to reduce the burden of evening shift work on US caregivers.The adoption of tele-ICU initiatives is picking up steam as adopting health systems continue to find strong and relatively immediate ROIs, <a href="https://www.usa.philips.com/c-dam/b2bhc/master/landing-pages/whatisteleicu/calculating-value-roi-for-teleicu.PDF">according</a> to Philips:<ul><li>Remote caregivers can react more quickly to alerts. ICUs tend to be under-staffed, and remote clinicians can direct nurses until the doctor arrives.</li><li>Physicians have a lightened workload. Diffusing some of the responsibility to off-site caregivers reduces stress for on-site staff, improving quality of care.</li></ul>While there's a high up-front investment to establish a tele-ICU unit, the multi-pronged benefits mean health systems have seen a high return on investment, with costs recouped in as short as three months. We believe demand for telehealth solutions will gain momentum as the shift from volume to value continues and physician shortages expand.<div class="KonaFilter image-container display-table"><div><div class="image on-image">Business Insider Intelligence</div></div></div>ACCENTURE, ROCK HEALTH JOIN FORCES TO BOLSTER DIGITAL HEALTH STARTUPS: Accenture and Rock Health, a seed fund that invests in digital health startups, <a href="https://rockhealth.com/announcing-our-partnership-with-accenture/?mc_cid=fa35547cd8&amp;mc_eid=082d42a667">announced</a> a partnership to increase innovation in healthcare. The collaboration gives Rock Health access to insights from Accenture's more than 20,000 healthcare professionals globally. For Accenture, the partnership represents an opportunity to keep tabs on new health tech and VC interests in the field. Accenture has been increasingly active within the healthcare industry, spearheading multiple pilot programs that explore the emergence of digital health in a clinical setting. Partnering with Rock Health gives Accenture early access to startups driving innovation in these areas, which it can, in turn, use to help providers improve delivery of care. This will be increasingly important for the company, particularly as new digital health tools continue to flood the market.IN OTHER NEWS: <ul><li>Verily Life Sciences and the Michael J. Fox Foundation are partnering to use data from a Verily wearable to help improve Parkinson's disease research, <a href="https://www.fastcompany.com/40569405/the-war-over-amazon-and-a-huge-pentagon-cloud-services-contract-is-just-heating-up">according</a> to Fast Company.</li><li>A highly critical Department of Defense report characterized last year's rollout of Cerner's electronic health records (EHR) system at four military sites as "neither operationally effective, nor operationally suitable," <a href="https://www.politico.com/story/2018/05/11/kushner-backed-health-care-project-gets-devastating-review-535847">according</a> to POLITICO. The report strikes another blow to Cerner's already once delayed contract with the Veteran's Affairs (VA), which the VA is set to decide on by Memorial Day.</li></ul> <a href="http://www.businessinsider.com/intelligence/top-5-trends-shaping-the-future-of-digital-health?IR=T&amp;utm_source=businessinsider&amp;utm_medium=ctgr&amp;utm_term=ctgr_leadgen&amp;utm_content=digitalhealth_ctgr_leadgen&amp;utm_campaign=digitalhealth_ctgr_leadgen_5-trends"></a>

DIGITAL HEALTH BRIEFING: Virtual health drives Oscar membership in Q1 - Alphabet prototypes blood-drawing watch - Health systems see savings in tele-ICU

Welcome to Digital Health Briefing, a new morning email providing the latest news, data, and insight on how digital technology is disrupting the healthcare ecosystem, produced by BI Intelligence.<a href="http://e.businessinsider.com/click/11505511.0/aHR0cDovL3d3dy5idXNpbmVzc2luc2lkZXIuY29tL2ludGVsbGlnZW5jZS9kaWdpdGFsLWhlYWx0aC1icmllZmluZw/57d844d117893faf778b549fB025726e1" target="_blank" rel="noopener noreferrer" data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=http://e.businessinsider.com/click/11505511.0/aHR0cDovL3d3dy5idXNpbmVzc2luc2lkZXIuY29tL2ludGVsbGlnZW5jZS9kaWdpdGFsLWhlYWx0aC1icmllZmluZw/57d844d117893faf778b549fB025726e1&amp;source=gmail&amp;ust=1512839443960000&amp;usg=AFQjCNGLoFy4M2UX6FUmebyOUe4gjCmGbg">Sign up and receive Digital Health Briefing free to your inbox.</a>Have feedback? We'd like to hear from you. Write me at: <a href="mailto:lbeaver@businessinsider.com" target="_blank" rel="noopener">lbeaver@businessinsider.com</a> RANSOMWARE ATTACK HOBBLES ALLSCRIPTS' ELECTRONIC PRESCRIPTION SERVICE: A ransomware attack on US electronic health records (EHR) company, Allscripts, has led to lost revenue and operational headaches for physicians, <a href="https://www.fiercehealthcare.com/privacy-security/allscripts-ransomware-ehr-scheduling-claims-billing-cybersecurity-physician" target="_blank" rel="noopener">according</a> to FierceHealthcare. The attack on two of Allscripts' data centers in Raleigh and Charlotte - both in North Carolina - was still affecting physicians' ability to do their jobs six days later. However, the company says that of the 1,500 clients affected, none were hospitals or large independent physician practices and no patient data was stolen. The attack heavily impacted patient care. Affected physicians were unable to use the electronic prescription for controlled substances service, and lost access to electronic medical records (EMR), appointment systems, and billing systems. Other applications such as clinical decision support, analytics, data extraction, and regulatory reporting were also down. All affected systems are expected to be up and running by the end of the week, according to Allscripts privacy and security counsel Robyn Eckerling. Allscripts is one of the largest EHR systems in the US, supporting more than 180,000 physicians, with 100,000 electronic prescribing physicians, and around 40,000 in-home clinicians in the US. Data breaches are a huge cause of concern for healthcare organizations. More than 95% of critical care hospitals and over 92% of regular hospitals in the US have implemented EHR systems, <a href="https://www.definitivehc.com/news/top-ambulatory-ehr-systems" target="_blank" rel="noopener">according</a> to Definitive Health. That makes them targets for cyberattacks. Besides putting patient data at risk, data breaches can also be a significant financial burden on medical providers. In early January, Hancock Health Hospital paid ransomware attackers the equivalent of $55,000 to recover their systems, <a href="https://www.csoonline.com/article/3250246/security/allscripts-recovering-from-ransomware-attack-that-has-kept-key-tools-offline.html">according</a> to CSO.Some medical providers were able to lessen the damage from the attack by switching to internal servers. Taking a hybrid approach to EHR - where providers use a combination of external and internal data servers to store patient data - could mitigate the harm of future attacks. For instance, Sunflower Medical Group, an Allscripts customer that uses an internal server, still had access to its patients' EMR. And Northwell Health in New York switched to their internal servers to protect patient data, however, they lost access to Allscripts' electronic prescribing of controlled substances at its 23 hospitals and 660 ambulatory locations.Enjoy reading this briefing? <a href="http://www.businessinsider.com/intelligence/digital-health-briefing" target="_blank" rel="noopener noreferrer">Sign up</a> and receive Digital Health Briefing to your inbox.<div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image on-image"><a title_source="BI Intelligence" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/5a67b8ed00d0efcb168b4c6e-960/us doctors level of concern for future cybersecurity attacks.png"></a>BI Intelligence</div></div></div>MICROSOFT SHUTS DOWN ITS HEALTHVAULT INSIGHTS PROJECT: After launching last February, Microsoft has already decided to scrap its app-based machine learning research project, HealthVault Insights, <a href="http://www.healthcareitnews.com/news/microsoft-announces-closure-healthvault-insights-app-based-machine-learning-project" target="_blank" rel="noopener">according</a> to HealthcareITNews. The app, which compiled health data from various sources, including other apps, devices, and medical records, enabled users to access and analyze their personal health records. This data was also used by providers to gain a better understanding of patients' health, drive care plan adherence, and encourage patient engagement. Microsoft didn't provide much insight into its decision, but poor app performance may have been a contributing factor - the app had a rating of just 2.2 out of 5 in the iOS App Store. Although this project has been shut down, it's possible that the tech giant will reallocate resources to other healthcare projects, as part of its Healthcare NExT program. Microsoft launched Healthcare NExT last year to accelerate innovation in the healthcare industry by using advancements in artificial intelligence and cloud computing. Since then it has launched several projects, including a chatbot platform for healthcare providers and a project that is aiming to sequence the immune system.FLORIDA HOSPITAL NEW SMYRNA PARTNERS TELE-ICU SERVICE TO IMPROVE PATIENT CARE: Florida Hospital New Smyrna has partnered with tele-ICU company Advanced ICU Care to launch a telemedicine service for its intensive care units (ICU), <a href="http://hitconsultant.net/2018/01/23/florida-hospital-new-smyrna-tele-icu" target="_blank" rel="noopener">according</a> to HIT Consultant. Florida Hospital's ICU clinicians will have 24/7 access to US board-certified intensivists - physicians who specialize in emergency care - via Advanced ICU Care's telemedicine platform. Having around-the-clock access to trained critical care physicians could help reduce mortality rates and decrease the length of stay, as well as improve patients' experience and outcome. In some instances, tele-ICU programs have also been shown to increase the volume of cases ICUs can handle, in turn leading to improved contribution margins. A 2017 <a href="https://www.usa.philips.com/a-w/about/news/archive/standard/news/press/2016/20161213-New-study-demonstrates-improved-patient-flow-and-financial-benefits-of-Philips-eICU-Program-for-managing-critical-care-populations.html" target="_blank" rel="noopener">study</a> by UMass Memorial Medical Center found that the Philips telehealth eICU Program increased case volume by 21% and improved contribution margins by 376%, compared to pre-tele-ICU implementation figures. MERCK TO PILOT DIABETES PREVENTION PROGRAMS IN PARTNERSHIP WITH BLUE MESA HEALTH: Blue Mesa Health, the North American digital therapeutics company, <a href="https://www.prnewswire.com/news-releases/blue-mesa-health-inc-to-partner-with-merck-kgaa-darmstadt-germany-on-diabetes-prevention-program-pilot-programs-outside-of-the-usa-300585927.html">announced</a> a partnership with Merck KGaA, the German-based health firm, to pilot its Diabetes Prevention Programs outside of the US. As part of the pilot, Merck will give diabetes patients access to Blue Mesa Health's Transform program, which includes remote health coaching, a peer support group, and a smartphone app that's connected to activity trackers. Giving patients the ability to manage their diabetes will enable Merck, which is considered a leader in diabetic medicine, to move beyond pill-based therapeutics and into health management. Diabetes is one of the most prevalent chronic illnesses in the world - there are 451 million people diagnosed with diabetes globally, <a href="http://fortune.com/2017/11/13/diabetes-epidemic-cost-850-billion/" target="_blank" rel="noopener">according</a> to Fortune. As for Blue Mesa Health, which offers its solutions in the US and Canada, a partnership with a healthcare giant that has a presence across the globe could help the firm build out a significant international footprint.In Other News…<ul><li>Google came under fire after it tested a Google Maps feature that calculated the calorie counts of walking routes and conveyed it as the equivalent number of mini-cupcakes eaten, <a href="http://www.mobihealthnews.com/content/uproar-over-google-maps-cupcake-calorie-tracker-shines-light-digital-health-challenges" target="_blank" rel="noopener">according</a> to MobiHealthNews. On the other hand, some social media users applauded the idea as one way to use popular tech devices to encourage healthy lifestyle changes.</li><li>The Enhanced Nurse Licensure Compact (eNLC) came into effect January 19, enabling licensed nurses in 29 US states to use telehealth and treat patients in other states without multiple licenses, mHealth Intelligence <a href="https://mhealthintelligence.com/news/licensing-compact-goes-live-opening-door-to-telehealth-for-nurses" target="_blank" rel="noopener">reports</a>. The eNLC rollout follows almost a year after the Interstate Medical Licensure Compact for physicians came into effect in April 2017, giving eligible physicians the ability to practice across state lines without having to get multiple licenses.</li></ul>Get the latest Microsoft stock price<a href="http://markets.businessinsider.com/stock/MSFT-Quote"> here.</a>

DIGITAL HEALTH BRIEFING: Ransomware attack damages Allscripts' prescription service - Microsoft scraps health app after one year - Florida Hospital launches tele-ICU

<keyword id="8187544" type="COMPANY" weightage="20" keywordseo="tata-digital">Tata Digital</keyword> Limited, a subsidiary of Tata Sons Private Ltd will acquire majority stake in digital health company <keyword id="2962726" type="PERSON" weightage="20" keywordseo="1mg">1MG</keyword> Technologies Private Ltd (1MG). Incorporated in 2015, 1MG is a leading player in the <keyword id="1324270" type="COMPANY" weightage="20" keywordseo="eHealth">eHealth</keyword> space and enables easy and affordable access to a wide range of products like medicines, health &amp; wellness products, diagnostics services and tele-consultation to customers. The company operates three state-of-the-art diagnostics labs, has a supply chain covering over 20,000 pin codes across the country and through its subsidiaries is also engaged in the business of B2B distribution of medicines and other healthcare products. The investment in 1MG is in line with <keyword id="6355725" type="COMPANY" weightage="20" keywordseo="tata-group">Tata Group</keyword>'s vision of creating a digital ecosystem which addresses the consumer needs across categories in a unified manner. E-pharmacy, e-diagnostics and tele-consultation are critical segments in this ecosystem and have been among the fastest growing segments in this space, as this sector enabled access to healthcare through the pandemic, said a joint statement by Tata Digital and 1MG. Pratik Pal, CEO of Tata Digital, said: "The investment in 1MG strengthens Tata's ability to provide superior customer experience and high quality healthcare products &amp; services in e-pharmacy and e-diagnostics space through a technology led platform." Prashant Tandon, <keyword id="1718234" type="COMPANY" weightage="20" keywordseo="Co-Founder-CEO">Co-Founder &amp; CEO</keyword>, 1MG, said: "We are delighted to join hands with one of <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword>'s most iconic &amp; respected conglomerates. This marks a significant milestone in 1MG's journey to make high quality healthcare products &amp; services accessible to customers across India." SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/here-are-the-coolest-ios-15-features-coming-to-iphones/slidelist/83362145.cms" style="">Here are the coolest iOS 15 features coming to iPhones</a> <a href="https://www.businessinsider.in/cryptocurrency/news/paraguay-could-become-the-second-country-to-adopt-bitcoin/articleshow/83363776.cms" style="">After El Salvador, Paraguay considers Bitcoin adoption</a> <a href="https://www.businessinsider.in/careers/news/google-microsoft-apple-and-many-others-are-hiring-for-various-it-roles-in-india/articleshow/83365305.cms">Google, Microsoft, Apple and many others are hiring for various IT roles in India —data scientists and cloud architects in high demand</a>

Tata Digital to buy majority stake in online pharma startup 1MG

<ul><li>US stocks traded mostly lower on Monday as investors brace for a Fed meeting later this week.</li><li>The Federal Reserve is expected to aggressively hike interest rates by at least 50 basis points.</li><li>First-quarter earnings results continue to roll-in, and so far 77% of companies that have reported so far have beat profit estimates.</li></ul>US stocks traded slightly lower on Monday as investors braced themselves for a more aggressive interest rate hike by the Federal Reserve later this week.The Federal Open Market Committee meets on Tuesday and Wednesday, with an interest rate decision to be revealed at 2 p.m. on Wednesday. Market participants expect the Fed's Jerome Powell to announce an increase to the federal funds rate of 50 basis points, just two months after it made its first interest 25 basis point hike of the cycle in a bid to tame inflation.Meanwhile, first-quarter earnings continue to roll in, with about 55% of <keyword id="11898248" type="UNKNOWN" weightage="60" keywordseo="sp-500" source="Orion">S&amp;P 500</keyword> companies having already reported results. Of those companies, 77% are beating profit estimates by a median of 8%. Additionally, 69% of those companies are beating revenue estimates by a median of 4%, according to <a href="https://fsinsight.com/">Fundstrat.</a>Here's where US indexes stood shortly after the 9:30 a.m. ET open on Monday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest">S&amp;P 500</a>: 4,120.37, down 0.28% </li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest">Dow Jones Industrial Average</a>: 32,922.95, down 0.16% (54.26 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest">Nasdaq Composite</a>: 12,281.99, down 0.35% </li></ul>Warren Buffett's Berkshire Hathaway held its annual shareholder meeting over the weekend in Omaha, Nebraska, and Insider's Theron Mohamed traveled to Omaha, Nebraska <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-annual-shareholder-meeting-exhibit-hall-shopping-2022-4">to document the event.</a>The $785 billion conglomerate revealed that it <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-stock-portfolio-purchases-buybacks-q1-earnings-2022-4">bought a net $41 billion into stocks last quarter,</a> while slowing down the pace of its own share repurchases. Clearly, Buffett still sees opportunity in the stock market despite the recent volatility.Berkshire <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-annual-shareholder-meeting-charlie-munger-stocks-2022-4">purchased shares of Activision Blizzard</a> after <a href="https://markets.businessinsider.com/stocks/msft-stock">Microsoft</a> announced its proposed acquisition in a merger arbitrage play, and it also <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-apple-stock-stake-q1-shares-buybacks-2022-4">increased its position in Apple</a>, which by-far represents its largest stock portfolio holding. Despite losing more than $2 billion on its position, Cathie Wood's Ark Invest continues to buy shares of Teladoc after its near 50% earnings-driven implosion last week. The innovation-focused investor bought more than 600,000 shares of the tele-medicine company across its ETFs on Thursday and reiterated a bullish view on the company in an e-mail to investors.<a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate crude</a> oil fell as much as much as 2.90% to $101.65 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest">Brent crude</a>, oil's international benchmark, fell as much as 2.64% to $104.31.Bitcoin rose 0.25% to $38,794. Ether prices fell 0.80% to $2,818.<a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> fell as much as 2.58% to $1,863.20 per ounce. The yield on the 10-year Treasury added three basis points to 2.96%.

US stocks fall as investors brace for aggressive rate hike at this week's Fed meeting

<ul><li>The Nasdaq jumped more than 1.5% on Monday despite trending lower for most of the day as interest rates surged.</li><li>The US 10-year Treasury yield hit 3.00% for the first time since 2018 as the Fed is set to raise interest rates by 50 basis points on Wednesday.</li><li>First-quarter earnings results continue to roll-in, and 77% of companies that have reported so far have beaten profit estimates.</li></ul>US stocks whipsawed on Monday as investors digested surging interest rates, first-quarter earnings results, and brace for a Federal Reserve rate decision later this week.The <keyword id="11898248" type="UNKNOWN" weightage="60" keywordseo="sp-500" source="Orion">S&amp;P 500</keyword> led stocks lower for much of the day, falling as much as 1% before investors began to buy the dip and push the broader market higher near the end of the day. The Nasdaq finished up by nearly 2%.The Federal Open Market Committee meets on Tuesday and Wednesday, with an interest rate decision to be revealed at 2 p.m. on Wednesday. Market participants expect Fed Chairman Jerome Powell to announce an increase to the federal funds rate of 50 basis points, just two months after it made its first 25-basis-point hike of the cycle in a bid to tame inflation. The 10-year US Treasury yield hit 3.00% for the first time since 2018 on Monday.Here's where US indexes stood at the 4:00 p.m. ET close on Monday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest">S&amp;P 500</a>: 4,155.38, up 0.57%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest">Dow Jones Industrial Average</a>: 33,061.50, up 0.26% (84.29 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest">Nasdaq Composite</a>: 12,536.02, up 1.63%</li></ul>Meanwhile, first-quarter earnings continue to roll in, with about 55% of S&amp;P 500 companies having already reported results. Of those companies, 77% are beating profit estimates by a median of 8%. Additionally, 69% of those companies are beating revenue estimates by a median of 4%, according to <a href="https://fsinsight.com/">Fundstrat.</a>Warren Buffett's Berkshire Hathaway held its annual shareholder meeting over the weekend, and Insider's Theron Mohamed traveled to Omaha, Nebraska, <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-annual-shareholder-meeting-exhibit-hall-shopping-2022-4">to document the event.</a>The $785 billion conglomerate revealed that it <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-stock-portfolio-purchases-buybacks-q1-earnings-2022-4">bought a net $41 billion in stocks last quarter,</a> while slowing down the pace of its own share repurchases. Clearly, Buffett still sees opportunity in the <keyword id="11895235" type="UNKNOWN" weightage="60" keywordseo="stock-market" source="Orion">stock market</keyword> despite the recent volatility.Berkshire <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-annual-shareholder-meeting-charlie-munger-stocks-2022-4">purchased shares of Activision Blizzard</a> after <a href="https://markets.businessinsider.com/stocks/msft-stock">Microsoft</a> announced its proposed acquisition in a merger arbitrage play, and it also <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-apple-stock-stake-q1-shares-buybacks-2022-4">increased its position in Apple</a>, which by far represents its largest stock portfolio holding. Despite <a href="https://markets.businessinsider.com/news/stocks/ark-invest-teladoc-losses-still-buying-cathie-wood-2022-5">losing more than $2 billion on its position</a>, Cathie Wood's Ark Invest continues to buy shares of <a href="https://markets.businessinsider.com/stocks/tdoc-stock">Teladoc</a> after its nearly 50% earnings-driven implosion last week. The innovation-focused investor bought more than 600,000 shares of the tele-medicine company across its ETFs on Thursday and reiterated a bullish view on the company in an e-mail to investors.<a href="https://markets.businessinsider.com/stocks/gs-stock">Goldman Sachs</a>' traders <a href="https://markets.businessinsider.com/news/stocks/goldman-sachs-traders-100-million-revenue-ukraine-war-russia-commodities-2022-5">recorded 32 separate $100 million-revenue days</a> during the first quarter of this year, the bank said Monday in a regulatory filing. That's good for about half the total trading days in the three months up to March — Goldman's best run since 2011, <a href="https://www.bloomberg.com/news/articles/2022-05-02/goldman-traders-streak-of-100-million-days-hits-11-year-high?srnd=markets-vp">Bloomberg data shows</a>.<a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate crude</a> oil rose as much as much as 0.85% to $105.58 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest">Brent crude</a>, oil's international benchmark, jumped as much as 0.87% to $108.07.Bitcoin fell 0.30% to $38,582. Ether prices rose 0.13% to $2,845.<a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> fell as much as 2.58% to $1,863.20 per ounce. The yield on the 10-year Treasury added seven basis points to 3.0%.

US stocks reverse course to close higher even as 10-year Treasury hits 3% and Fed rate hike looms

Bhopal, May 6 () Leading tele-health service provider Apollo TeleHealth's Foundation has launched a toll-free call service Sanjeevani Telehealth Seva for non-COVID patients in Bhopal and Indore. The toll-free call service, launched on April 30, will help patients with non-COVID-19 related issues seek timely medical help at a time when non-emergency OPDs have been suspended by many hospitals, a release from Apollo Hospitals Group said. Bhopal and Indore are the two districts most seriously hit by the COVID-19 pandemic in Madhya Pradesh. The Sanjeevani Telehealth Seva project is being executed along with Bharat Financial Inclusion Limited (recently merged into IndusInd Bank) under their CSR initiative. The toll-free number (1800-103-7378) was immediately flooded with queries, receiving over 200 calls within a few hours of being launched. Over 1,000+ calls have been received till now, with about 9 per cent of them being non-clinical calls and termed generic, it said. With the COVID-19 outbreak hindering the conventional doctor-patient consultations, a large number of patients have been left in the lurch. Many patients living with serious conditions such as cardiovascular disease and diabetes need ongoing treatment and regular medical consultation. Sangita Reddy, joint managing director, Apollo Hospitals Group, said the doctors will proactively help patients to the best of their abilities. The tele-health service will offer specialist consultations under nine specialties -- general medicine, gynaecology, dermatology, orthopaedics, endocrinology, ENT, paediatrics, ophthalmology and cardiology. MAS NSK ABMABM

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US stocks fall as investors brace for aggressive rate hike at this week's Fed meeting

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