What You Should Know:
- Smart Communications, a technology company focused on helping businesses engage in more meaningful customer conversations, released the findings of its 2024 Global Benchmark Report on the State of Healthcare Customer Experience.
- Healthcare organizations (HCOs) face several challenges in 2024. Rising costs and shrinking margins paired with ongoing economic uncertainty make it more important than ever for health insurers and providers to meet or exceed
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Large Language Models Fall Short in Medical Accuracy Compared to Medical Professionals, Study Reveals
What You Should Know:
- Kahun, a company specializing in evidence-based clinical AI, has released a new study comparing the medical capabilities of popular large language models (LLMs) to human experts.
- The findings reveal the limitations of current LLMs in providing reliable information for clinical decision-making.
The Study: Comparing LLMs to Medical Professionals
LLMs Tested: OpenAI's GPT-4 and Anthropic's Claude3-OpusEvaluation Method:105,000 evidence-based medical
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Elucid Appoints Dr. Kelly Huang as CEO
What You Should Know:
- Elucid, a company pioneering AI-powered medical technology for cardiovascular disease (CVD), has named Dr. Kelly Huang, PhD as its new President and Chief Executive Officer (CEO). Dr. Huang's appointment comes at a pivotal moment for Elucid, as they prepare for the commercial launch of their groundbreaking PlaqueIQ software.
- Dr. Huang brings a wealth of experience in commercializing impactful medical technologies. He previously held leadership positions at
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American Kidney Fund Taps AI Partner to Speed Early Diagnosis of Kidney Diseases
What You Should Know:
- Ubie, a global healthcare AI platform, and the American Kidney Fund (AKF), a leading kidney disease non-profit, have joined forces to improve early detection of kidney disease.
- This strategic collaboration aims to leverage Ubie's AI-powered Symptom Checker and AKF's expertise to empower patients and accelerate diagnosis.
Why Early Diagnosis Matters
Kidney disease is a major health concern, affecting millions in the US. Chronic kidney disease
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Commure to Acquire Augmedix in $139M All-Cash Deal
What You Should Know:
- Augmedix (AUGX), a leader in AI-powered medical documentation and data solutions, is being acquired by healthcare technology provider Commure in an all-cash deal valued at approximately $139M. News of the acquisition brought Augmedix up by 150% at $2.27 at 10 am ET after closing at $0.92 on Thursday.
- Augmedix leverages AI technology to streamline medical documentation and data management for healthcare providers. Their platform uses ambient AI to
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GE HealthCare Acquires Intelligent Ultrasound for $51M
What You Should Know:
GE HealthCare (Nasdaq: GEHC) announced an agreement to acquire the clinical artificial intelligence (AI) software business of Intelligent Ultrasound Group PLC (Intelligent Ultrasound) for approximately $51M.
- The acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions. GE HealthCare will finance the deal with existing cash reserves. The strategic acquisition signifies GE HealthCare's dedication to advancing
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AI-Powered Deepfakes Fuel Surge in Social Media Supplement Scams
What You Should Know:
- Social media has become a breeding ground for deceptive health supplement ads, with AI-powered deepfakes taking these scams to a whole new level of danger. A recent study by Bitdefender Labs reveals a dramatic increase in phony social media ads promoting fictitious supplements and treatments.
-Researchers at Bitdefender Labs analyzed health-related scams on social media platforms like Facebook, Messenger, and Instagram over a three-month period,
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Q Bio Secures $27M to Expand Full-Body MRI with Mark I Scanner
What You Should Know:
- Q Bio Inc., a pioneer in medical imaging technology secures $27M in strategic funding to propel its innovative Mark I full-body scanner towards market launch. This investment round welcomes new investor TELUS Global Ventures alongside existing backers like Khosla Ventures, Andreessen Horowitz, Founders Fund, and Kaiser Foundation Hospitals.
- Founded in 2015 by Jeff Kaditz, Dr. Michael Snyder, and Dr. Garry Choy, Q Bio is dedicated to revolutionizing medical
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Thoughtful AI Secures $20M, Launches Human-Capable RCM AI Agents
What You Should Know:
- Thoughtful AI, a provider of AI-powered revenue cycle automation (RCM), has announced a series of exciting developments, including the launch of the world's first fully human-capable AI Agents for healthcare RCM, exceptional growth metrics, and $20 million in Series A funding.
- Thoughtful AI's groundbreaking AI Agents, CAM, EVA, and PHIL, are tackling the burden of repetitive RCM tasks like claims processing, patient eligibility verification, and payment
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Astrana Health and Elation Health Partner to Build Value-Based ACOs, CINs
What You Should Know:
- Astrana Health (NASDAQ: ASTH), a provider-centric healthcare company, today announced a strategic partnership with Elation Health, a clinical-first technology company specializing in primary care.
- The partnership focuses on supporting independent physicians by providing them with the tools necessary to thrive in value-based care arrangements. Astrana and Elation plan to establish risk-bearing entities, such as accountable care organizations (ACOs) and
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