What You Should Know:
- Today, Butterfly Network announced it received 510(k) clearance from the FDA for a groundbreaking AI-enabled tool named AI-enabled Auto B-line Counter that will help physicians assess adults’ lungs and accelerate providers’ abilities to make informed treatment decisions. Butterfly used data inputs from hundreds of sites across the country to train and develop its AI algorithms, offering potential for a broad and diverse range of age, gender, body mass index, ethnicity,
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Exec Hires: CitiusTech Appoints Rajan Kohli as CEO
What You Should Know:
CitiusTech Healthcare Technology Pvt. Ltd., announced that its Board of Directors has appointed Rajan Kohli, an experienced technology executive as Chief Executive Officer.Mr. Kohli joins CitiusTech from Wipro, a global leader in technology services and solutions, where he spent nearly three decades and was responsible for $6 billion in annual revenues.
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Medical Coding Market to Reach $15.3B by 2033, Report Finds
What You Should Know:
- The medical coding market is estimated to secure a valuation of $ 6.7B in 2023 and is estimated to rise to $15.3B by 2033 at a CAGR of 8.6% during the 2023 to 2033 forecast period, according to a new Future Market Insights report.
- The increasing availability of a large number of medical coding service providers and the rising adoption rate of advanced healthcare solutions like electronic health records (EHRs), revenue cycle management (RCM) software, and mobile
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VIVE 2023: 6 Digital Health Executives Share Their Key Takeaways
A common thread throughout my conversations at ViVE was the increased competition for health consumers. Larger health systems are continuing to be fragmented by smaller specialties, like Northwell Health, which reported their outpatient care volumes are continuing to rise. Free-standing surgery centers, ER, urgent care, primary care, imaging centers and so on, are monitoring large healthcare systems looking for ways to extract the most profitable arms and business from them. As this continues to
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Kahun Integrates AI Physician Chatbot with ChatGPT
What You Should Know:
- Kahun, an evidence-based clinical reasoning tool for physicians announced it is integrating its AI chatbot for physicians with ChatGPT, an open-source AI chatbot platform to build on the advanced Large Language Model’s (LLM) ability to engage in human-like conversation with patients.
- By integrating ChatGPT, Kahun builds on the language model’s text fluency to boost patient engagement pre-visit, cutting the time needed for the healthcare provider to conduct the
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Inato Raises $20M to Make Clinical Trials More Inclusive
What You Should Know:
- Inato, a technology platform that connects pharma companies (trial sponsors) with community-based trial sites raises $20M in new funding (A2) led by Cathay Innovation with participation from existing investor Obvious Ventures and new investors La Maison and Top Harvest Capital. Inato works with many of the top 30 pharmaceutical companies worldwide to make clinical trials more inclusive.
- The new funding will fuel Inato’s continued product innovation, international
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Exec Hires: Elucid Appoints Andrew Miller as CTO
What You Should Know:
- Elucid, Inc., a medical technology company providing physicians with AI-powered imaging analysis software to assess cardiovascular disease, has hired Andrew Miller as its chief technology officer (CTO).
- As CTO, Andrew will lead the technology strategy and oversee the engineering team’s execution. Elucid’s software is the only FDA-cleared non-invasive tool able to accurately characterize arterial plaque, simulating what pathologists would see under a microscope and
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Zorro Launches with $11.5M to Revolutionize Employee Health Benefits
What You Should Know:
- Zorro, a digital health company optimizing the health benefits experience for employees, employers and brokers, announced its launch out of stealth with $11.5M seed funding round co-led by Pitango and 10D.
- The process of offering employee benefits is complicated, opaque and burdensome. For employers and brokers, offering benefits often results in unpredictable budgets, endless administration, and a distraction from the core business. For employees, health
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DW Healthcare Partners Closes $210M Fund to Invest in Healthcare Companies
What You Should Know:
- DW Healthcare Partners (“DWHP”), a healthcare-focused private equity firm, announced the closing of DW Healthcare Partners Small Cap, L.P. (“Founders Fund”), a $210M fund focused on lower middle market healthcare investments. This new fund brings DWHP’s total capital under management to USD $1.3 billion.
- The Founders Fund will invest in companies that are $3M to 6M EBITDA. The fund currently has two investments: TubeWriter and DermLite.
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Exec Hires: AVIA Appoints Scott Cullen, M.D., as EVP of Strategic Innovation and Chief Clinical Officer
What You Should Know:
- AVIA, the nation’s leading healthcare digital transformation partner, announced today that Scott Cullen, M.D., has been appointed Executive Vice President of Strategic Innovation and Chief Clinical Officer to lead the company’s strategic insights and advisory practice.
- An experienced leader in both clinical care and driving strategic success, Dr. Cullen joins AVIA at a critical time for health systems, as healthcare’s changing landscape forces them to
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