What You Should Know:
- Aegis Ventures, a New York-based healthcare venture studio, announced the formation of the Digital Consortium, a groundbreaking initiative designed to tackle some of healthcare's most pressing challenges with nine leading health systems.
- Consortium members will innovate directly with Aegis to co-develop, invest in, and deploy healthtech solutions that address healthcare’s most urgent quality, equity, and cost problems, and enable them to better care for the
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John Snow Labs Launches No-Code Generative AI Lab
What You Should Know:
- John Snow Labs launches Generative AI Lab, a first-of-its-kind platform empowering healthcare professionals, even those without coding experience, to harness the power of artificial intelligence.
- By eliminating coding barriers and prioritizing human oversight, John Snow Labs is paving the way for a future where AI can be a powerful tool for improving healthcare outcomes.
Building Better Models Without the Code
Traditionally, building and training AI models
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Zephyr AI Appoints Rachael Brake, Ph.D., as Chief Scientific Officer
What You Should Know:
- Zephyr AI, Inc. ("Zephyr AI"), a pioneering healthcare technology company announced the appointment of Rachael Brake, PhD, as its new Chief Scientific Officer (CSO).
- In her new role as CSO, Dr. Brake will spearhead Zephyr AI's scientific, strategic, and commercial endeavors, leveraging her extensive experience in precision medicine and immuno-oncology.
Dr. Rachael Brake Bio/Background
Before joining Zephyr AI, Dr. Rachael Brake served as the Chief Scientific
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Virtual Second Opinions Saves $8,700 Per Patient, Study Reveals
What You Should Know:
- A new study by The Clinic by Cleveland Clinic, a leader in virtual second opinions (VSOs), reveals significant cost savings and improved care for patients.
- The quantitative analysis, conducted by an independent third party, demonstrates that VSOs generate an average savings of $8,705 per patient.
Reduced Misdiagnoses and Overtreatment Lead to Cost Savings
The study highlights the potential for VSOs to prevent misdiagnoses and unnecessary procedures.
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Intermountain Deploys Remote Patient Monitoring for Older Adults with Chronic Conditions
What You Should Know:
- Intermountain Health, a healthcare system forms a strategic partnership with Sensorum Health, a healthcare technology company specializing in remote patient monitoring.
- The strategic collaboration aims to improve health outcomes and primary care access for older adults living independently with multiple chronic conditions. By focusing on early detection and personalized care plans, they aim to empower older adults to live healthier, more independent
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TRG Settles for $3.1M Over Alleged Improper Billing Practices
What You Should Know:
- The Radiology Group (TRG), a teleradiology company based in Atlanta, Georgia, has agreed to pay $3.1M to settle a civil fraud lawsuit filed by the U.S. Attorney's Office for the Southern District of New York.
- The settlement amount of $3.1M will be divided between the US government and various states.
Key Allegations
The lawsuit alleged that TRG engaged in improper billing practices related to radiology services provided to hospitals and other healthcare
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Hospital Staffing Shortages Lead to Frustrated Patients, J.D. Power Report Finds
What You Should Know:
- A new report by J.D. Power reveals concerning trends in US hospitals, highlighting patient dissatisfaction with limited doctor access, lengthy wait times, and communication issues.
- The J.D. Power report underscores the need for hospitals to address staffing shortages and prioritize patient satisfaction. By focusing on communication, patient engagement, and a more comfortable hospital environment, healthcare facilities can improve patient experiences and
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Report: Generative AI and Integration Key to Bridging Payer-Provider Gap
What You Should Know:
- A new report by HFS Research, in collaboration with Cognizant, sheds light on critical trends shaping the future of healthcare in the United States. The report, titled "Re-energize Health Consumer Engagement and Bridge the Payer-Provider Divide with GenAI," explores the potential of Generative Artificial Intelligence (GenAI) and vertical integration to improve healthcare delivery.
- The report also emphasizes that the healthcare system must embrace new approaches
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Float Secures $10M to Bring Specialty Care Home for Chronic Conditions
What You Should Know:
- Float, a healthcare marketplace focused on delivering in-home care for chronic illnesses, has secured $10M in Series A funding led by Canvas Ventures with participation from Wave Capital, Y Combinator, Burst Capital, and Also Capital. The round also included angel investor participation from several tech industry founders and leaders including Max Mullen, Co-founder of Instacart, Andrew Bartynski, Vice President of Strategy and Operations at ASRI, Brian Pokorny, former
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Verantos Bolsters Real-World Data Network with 7M Patient Records from CuriMeta
What You Should Know:
- Verantos, the leader in high-quality real-world evidence (RWE) forms a strategic partnership with CuriMeta to expand Verantos' Research Network with de-identified data from 7 million patients,
- The collaboration will enhance the depth and reach of real-world data (RWD) available to life science organizations.
Enhancing RWD Quality and Accessibility
The Verantos Research Network is a unique platform that gathers data from various sources, including academic
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