What You Should Know:
- Clover Health, a physician enablement company committed to bringing access to great healthcare to everyone on Medicare announced that it has delivered notice to the Centers for Medicare and Medicaid Services (“CMS”) that it will exit the CMS ACO REACH Program at the end of the 2023 performance year.
- Written notification will also be sent to all participating physicians in accordance with CMS requirements.
- The decision will have no impact on its ACO REACH
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Lunit, NTT DATA Partner to Deploy AI-Powered Chest X-Ray Solution in Singapore
What You Should Know:
- Lunit, a provider of AI-powered solutions for cancer diagnostics and therapeutics, has partnered with NTT DATA Singapore to introduce Lunit INSIGHT CXR at Singapore General Hospital (SGH) and Changi General Hospital (CGH), two of Singapore's largest public hospitals.
- Lunit INSIGHT CXR is an AI-powered solution that helps radiologists detect abnormalities in chest X-ray images. The deployment of Lunit INSIGHT CXR at SGH and CGH is expected to improve the efficiency
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Vivodyne Secures $38M for AI-Powered Drug Discovery Platform
What You Should Know:
- Vivodyne, a biotech company that accelerates drug discovery by testing therapies on lab-grown human organs raises $38M in total seed financing, led by Khosla Ventures, with participation from Kairos Ventures, CS Ventures, MBX Capital, and Bison Ventures.
- The funding will support Vivodyne's development of a clinically predictive AI stack and discovery pipeline, which utilizes lab-grown human organ tissues to identify novel therapeutic targets and predict patient
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RSNA23: Nuance Pioneers Generative AI in Radiology with PowerScribe Advanced Auto Impression
What You Should Know:
- Nuance Communications, Inc., a Microsoft Company, announced significant advancements in its efforts to empower radiologists with the latest generative AI capabilities.
- At RSNA23, the company unveiled PowerScribe Smart Impression, a revolutionary AI-powered solution that streamlines workflows, accelerates reporting, and enhances efficiency for radiologists amidst growing staffing shortages and clinician burnout.
PowerScribe Smart Impression: Enhancing Reporting
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Cigna and Humana Merger Talks Could Face Antitrust Scrutiny
What You Should Know:
- Cigna and Humana are in talks to merge in a deal that would create a US health insurance giant worth $140B and provide a significant test for antitrust authorities.
- A combination between Cigna and Humana would help the companies compete with larger rivals such as UnitedHealth Group and Elevance Health, formerly known as Anthem. The two companies have hired advisers who have been discussing a cash and stock deal for more than a month. They hope to get the
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St. Luke’s Health System and TytoCare Partner to Bring Virtual Care to Idaho
What You Should Know:
- TytoCare, a virtual care company partners with St. Luke’s Health System, the largest healthcare provider and employer in Idaho.
- This strategic partnership will give St. Luke’s employees and members of St. Luke’s Health Plan access to high-quality, convenient virtual care from the comfort of their homes.
Benefits for St. Luke’s Employees and Members
As part of this commitment to enhancing access to care, St. Luke’s Health Plan will offer TytoHome kits to its
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RSNA23: NVIDIA Launches Cloud Service for Medical Imaging AI
What You Should Know:
- NVIDIA announced the launch of a cloud service for medical imaging AI, designed to streamline and accelerate the development of specialized AI models.
- The NVIDIA MONAI cloud APIs, built on the open-source MONAI project, provide developers and platform providers with a streamlined path to integrate AI into their medical imaging offerings.
Transforming Medical Imaging with AI
Medical imaging is a critical component of healthcare, accounting for approximately
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RSNA2023: Aidoc Invests $30M to Develop Clinical AI Foundation Model
What You Should Know:
- Aidoc, the leading provider of clinical AI solutions, announced a significant investment of $30M to create a groundbreaking comprehensive clinical AI foundation model.
- This cutting-edge technology is poised to revolutionize the way medical imaging is used to diagnose and treat patients worldwide.
Unleashing the Power of Clinical AI
A recent study revealed that hospitals currently utilize only 3% of their available medical imaging data, leaving a wealth of
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RSNA: GE Healthcare Awarded FDA Clearance for Pneumothorax Detection Algorithm
What You Should Know:
- GE Healthcare (Nasdaq: GEHC) announced the US FDA 510K clearance of Critical Care Suite 2.1, featuring an innovative pneumothorax (PTX) detection algorithm that helps clinicians quickly and accurately identify and localize PTX, a potentially life-threatening condition.
- This industry-first technology represents a significant advancement in X-ray imaging, providing clinicians with real-time insights to expedite patient care and improve outcomes.
Early Detection
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PayGround Secures $19.7M to Expand Healthcare Fintech Payments Platform
What You Should Know:
- PayGround, a Gilbert, AZ-based healthcare fintech payments platform, announced closing a $19.7M oversubscribed Series A financing led by SixThirty with participation from Rally Ventures, IA Capital Group, FCA Venture Partners and Plug and Play Ventures.
- The funding will bolster the company’s rapid expansion into hospitals and health systems, building on its success in the ambulatory market, as well as grow its senior leadership
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