What You Should Know:
Hippocratic AI, the first Large Language Model (LLM) designed specifically for healthcare, announced its Founding Partner Program with 10 health systems and digital health companies. Partners will help ensure the safety of Hippocratic AI’s LLM over the course of their five-year partnerships; they will guide the development of the model, participate in data governance and model safety committees, establish use cases, engage their medical professionals in conducting
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FDA Grants Clearance for UltraSight’s AI Cardiac Ultrasound
What You Should Know:
UltraSight, a digital health pioneer transforming cardiac imaging through the power of artificial intelligence, announced that it has been granted FDA clearance for its AI-powered ultrasound guidance technology. The UltraSight real-time AI guidance software can assist medical professionals without sonography experience in acquiring cardiac ultrasound images at the point of care in multiple settings, allowing for more widespread detection of heart disease and
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CareCloud, Google Cloud Partner to Bring Generative AI to Ambulatory Practices
What You Should Know:
- Google Cloud and CareCloud, today announced a strategic partnership that will bring the power of generative AI to small and medium-sized healthcare providers.
- Utilizing Google Cloud’s generative AI, CareCloud will transform and enhance the operational efficiency of ambulatory practices in office settings, enabling physicians to make more informed treatment decisions and improving cost transparency between healthcare providers and
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AWS Launches Generative AI Solution That Auto Generates Clinical Notes
What You Should Know:
Amazon Web Services, Inc. (AWS) launches AWS HealthScribe, a new HIPAA-eligible service that empowers healthcare software providers to build clinical applications that use speech recognition and generative AI to save clinicians time by generating clinical documentation. With AWS HealthScribe, healthcare software providers can use a single API to automatically create robust transcripts, extract key details (e.g., medical terms and medications), and create
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Whole Foods Co-Founder Launches Health & Wellness Company, Love.Life
What You Should Know:
- Whole Foods Market co-founder, John Mackey today announced the launch of an integrated new health and wellness company, Love.Life.
- The company’s virtual health optimization programs and plans for its first flagship location in El Segundo, CA is slated to open in the summer of 2024.
The Future of Health
The company's new optimization programs provide patient-centric medical care that is outcome-driven, personalized, and dedicated to addressing all
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UnitedHealthcare Awards $11.1M in Grants to Expand Care Access
What You Should Know:
UnitedHealthcare, today announced it is awarding $11.1 million in grants to 66 nonprofit organizations across 12 states through its Empowering Health program. These grants address social determinants of health (SDoH) and help uninsured individuals and underserved communities. Since launching its Empowering Health commitment in 2018, UnitedHealthcare has invested more than $62 million in Empowering Health grants reaching more than 11 million people through
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M&A: CareDx Acquires Organ Transplant Company MediGO
What You Should Know:
Precision medicine company CareDx acquires MediGO, an organ transplant supply chain and logistics company for an undisclosed sum.The strategic acquisition will expand CareDx’s digital health portfolio to serve the organ procurement organization (OPO) market while also bolstering its pre-transplant offerings aimed at shortening transplant wait times and increasing access to donated organs.
Enhancing Organ Procurement
The organ recovery and transplant
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Lone View Capital Acquires Majority Stake in Smartlinx’s Healthcare Workforce Platform
What You Should Know:
- Lone View Capital, a growth-oriented private equity firm has acquired a majority ownership stake in healthcare workforce platform Smartlinx.
- Lone View’s investment and deep operational expertise will support Smartlinx’s Healthcare Workforce Platform as the Company expands its innovative workforce management software and human capital solutions to address the rapidly changing needs of the long-term care, post-acute and adjacent senior care industries.
Healthcare
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Pager’s Virtual Care Platform Now Available on Google Cloud Marketplace
What You Should Know:
- Pager Inc. today announced that its virtual care navigation and collaboration platform, which serves 23 million members, is now available on Google Cloud Marketplace, effective immediately.
- This new offering includes additional benefits for Pager clients who have a Google Cloud account. Purchases made on Google Cloud Marketplace count toward a dollar-for-dollar drawdown on any Google Cloud committed spend.
- In addition, these clients enjoy
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How Private Equity Firms Raided Safety Net Hospitals, Leading to Closures, Layoffs
What You Should Know:
- A new investigation by the Private Equity Stakeholder Project (PESP) reveals, for the first time, private equity (PE) investors were behind a safety net hospital closure in the Chicago area after making broken promises to regulators.
- The report, “How private equity raided safety net hospitals: Volume 2—Pipeline Health,” written by PESP researcher Mary Bugbee, highlights the pitfalls of private equity ownership of hospitals, including the monetization of
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