What You Should Know:
- Tata Consultancy Services (TCS), India's largest information technology services company, has been ordered to pay $140M in punitive damages to Epic Systems Corporation in a long-running legal dispute over intellectual property, Business Standard reports.
- The decision by the Supreme Court of the United States upholds a lower court's ruling and will have a significant impact on TCS's financial results for the third quarter of 2023.
Epic Systems Corporation vs.
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Genentech, NVIDIA Partner to Revolutionize Drug Discovery with AI
What You Should Know:
- Genentech and NVIDIA today announced a multi-year strategic research collaboration that couples Genentech’s artificial intelligence (AI) capabilities, extensive biological and molecular datasets, and research expertise with NVIDIA’s world-leading accelerated computing capabilities and AI to speed up drug discovery and development.
- The collaboration is designed to significantly enhance Genentech’s advanced AI research programs by transforming its generative AI
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GE and CodaMetrix Partner to Bolster AI-Powered Automated Coding for Providers
What You Should Know:
- CodaMetrix has partnered with GE HealthCare to bring its AI-powered automated coding solution, CMX Automate, to GE HealthCare customers.
- This will enable GE HealthCare customers to benefit from CMX Automate's ability to improve coding accuracy, efficiency, and revenue cycle management. CMX Automate is a cloud-based solution that uses machine learning, deep learning, and natural language processing to translate clinical notes into billing and diagnostic codes.
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71% of Consumers Believe Generative AI Can Revolutionize Healthcare
What You Should Know:
A recent survey conducted by Deloitte's Center for Health Solutions (Center) revealed a growing acceptance and optimism among consumers regarding the potential of Generative AI to revolutionize healthcare. Over half of the respondents (53%) believe that generative AI could improve access to healthcare, while 46% expressed confidence in its ability to make healthcare more affordable.
Generative AI: A Reliable Source of Information
The survey further
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Fortrea, Medidata Form AI Partnership to Increase Diversity in Clinical Trials
What You Should Know:
- Fortrea, a global contract research organization (CRO), and Medidata, a Dassault Systèmes company specializing in clinical trial solutions, announced an AI-powered partnership to increase diversity in clinical trials.
- The collaboration aims to leverage Medidata's AI technology, specifically Medidata AI Intelligent Trials, to increase access to diverse patients in Fortrea-conducted clinical trials.
Increase Diversity in Clinical Trails
This partnership builds
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M&A: Novant Health Acquires 3 Tenet Hospitals in South Carolina for $2.4B
What You Should Know:
- In a significant move to expand its presence in South Carolina, Novant Health has announced the acquisition of three Tenet Healthcare hospitals and affiliated operations for approximately $2.4B. The deal, which is expected to close early next year, will bring Hilton Head Hospital, Coastal Carolina Hospital, and East Cooper Medical Center under the Novant Health umbrella.
-This strategic acquisition aligns with Novant Health's long-term vision to enhance healthcare
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M&A: Aya Healthcare Acquires Winnow AI to Bolster Physician Recruitment
What You Should Know:
- Aya Healthcare, a large healthcare talent software and staffing company, has acquired Winnow AI, a data science-driven solution that helps organizations recruit and retain physicians.
- Winnow AI uses artificial intelligence and business intelligence to identify passive physicians who are likely to relocate to a particular region. This acquisition will allow Aya Healthcare to offer both active and passive job seeker recruitment platforms to its clients.
Data
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Inovalon Launches Converged Analytics Benchmarking for Health Plans
Inovalon, a provider of cloud-based software solutions for healthcare launches Converged Analytics Benchmarking, a revolutionary solution that empowers health plans to make data-driven decisions and improve their quality outcomes in real-time. This first-of-its-kind benchmarking solution provides health plans with current monthly insight into their relevant national and state quality measure performance while still within the respective measurement period.
Real-Time Insights for Data-Driven
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M&A: UpHealth Sells Cloudbreak Health Business to GTCR for $180M
What You Should Know:
UpHealth, Inc. has entered into a definitive agreement to sell its wholly-owned subsidiary, Cloudbreak Health, LLC, to private equity firm GTCR for $180 million in cash.
The sale will allow UpHealth to reduce its debt and focus on its growing behavioral health business, TTC Healthcare. The sale is expected to close in the first half of 2024.
CloudBreak Health Background
Cloudbreak Health, known for its Martti translation offering, provides telehealth and video
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Ambiq and Xiaomi Partner on Xiaomi Smart Band 8 Wearable Featuring Advanced Health and Wellness Monitoring
What You Should Know:
- Ambiq®, a provider of ultra-low-power semiconductors for IoT endpoints, has announced a new collaboration with Xiaomi, a global provider in consumer electronics and smart manufacturing, to develop the Xiaomi Smart Band 8.
- This new smart band is designed to help consumers define their unique style while providing them with a wide range of health and fitness features.
Xiaomi Smart Band 8: A Reimagined Wearable Experience
The Xiaomi Smart Band 8 marks a
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