What You Should Know:
- Health IT company XIFIN announced the acquisition of Computerized Management Services (CMS), a provider of comprehensive revenue management services for hospital-based radiology groups and imaging centers. CMS provides a comprehensive suite of outsourced financial services focused on maximizing radiology client revenue and cash flow streams. Its services leverage strong technology systems and analytics,
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NVIDIA Launches UK’s Fastest AI Supercomputer for Healthcare Research
What You Should Know:
- NVIDIA launched the UK’s fastest supercomputer -- Cambridge-1, the world’s first collaborative, industry-wide system dedicated to accelerating healthcare and digital biology research using powerful combination of AI and simulation.
- At the virtual inauguration, NVIDIA CEO and founder Jensen Huang discussed what NVIDIA’s $100 million investment will mean for the UK. He said the system will enable research breakthroughs at a scale and speed previously impossible with
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6 Key Ethical Principles for The Use of AI for Health – WHO
- The World Health Organization (WHO) launched its first ever global report on: Ethics and governance of artificial intelligence for health.
- While new technologies that use artificial intelligence hold great promise to improve diagnosis, treatment, health research and drug development and to support governments carrying out public health functions, including surveillance and outbreak response, such technologies, according to the report, must put ethics and human rights at the
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Olive Secures $400M At A $4B Valuation to Support New Instant Claim Payment Solution
What You Should Know:
- Today, healthcare automation company Olive, today announced a $400M in funding round led by Vista Equity Partners with additional investment from the Base10 Partners Advancement Initiative. Olive, a provider of AI powered workforce purpose-built for healthcare, has now secured $832 million in financing since March 2020, and $902 million since the company’s inception in 2012 bringing the company’s total valuation to $4 billion.
- The company plans to use
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Cortica Raises $60M to Expand Comprehensive Autism Care Model Nationwide
What You Should Know:
- Cortica, Inc. ("Cortica"), a San Diego, CA-based tech-enabled clinical services for autism and other neurodevelopmental conditions, announced it has raised $60 million in financing to further its mission to transform autism care. The funding was led by Longitude Capital with participation from new investors .406 Ventures and Adam Boehler, along with existing investors Questa Capital and Aperture Venture Partners. Silicon Valley Bank also participated by expanding
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EchoNous Closes $60M for AI-Assisted Handheld Ultrasound Device
What You Should Know:
- EchoNous, a Redmond, WA-based portable AI-guided ultrasound tools and platform, announced it has raised $60 million in funding from Kennedy Lewis Investment Management (“Kennedy Lewis”).
- The investment from Kennedy Lewis combines senior secured debt and equity and builds on the support of KKR, which has been EchoNous’ principal investor since 2015. Kennedy Lewis' funding will help further the development of and grow adoption for the Kosmos platform, which is
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Ro Acquires At-Home Diagnostic Testing Company Kit – M&A
What You Should Know:
- Healthcare technology company, Ro today announced the acquisition of Kit, an at-home diagnostics company that offers self-administered diagnostic tests, including finger prick blood assays, blood pressure tests, weight measurement tools, and more—all shipped directly to their door. Financial details of the acquisition were not disclosed.
- The acquisition of Kit will serve as a critical piece to Ro’s vertically integrated platform, which already offers
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Mayo Clinic, Spire Health to Co-Develop Remote Pulmonary Rehab Program
- Spire Health and Mayo Clinic announced a strategic collaboration to integrate Mayo Clinic’s remote pulmonary rehabilitation program into Spire Health’s respiratory remote patient monitoring (RPM) service.
- Developed by Dr. Roberto Benzo and his team at the Mindful Breathing Laboratory, Mayo Clinic’s remote pulmonary rehabilitation program has been the recipient of multiple, multi-year grants from the National Institute of Health (NIH).
- The program, validated using randomized
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Foundation Medicine Integrates Genomic Profiling with Flatiron Health’s EMR
What You Should Know:
- Foundation Medicine (FMI) announced today it will begin integrating with Flatiron Health and other electronic medical record (EMR) systems to make it easier for oncologists to order comprehensive genomic tests (CGP), review results, continually access clinical and genomic information and share among their care teams in order to quickly and efficiently develop personalized treatment plans for their patients.
- This integration, the first of a
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XSOLIS Raises $75M for AI-Driven Precision Utilization Management Platform
What You Should Know:
- XSOLIS, a healthcare technology firm focused on improving healthcare operations announced it has raised $75M in minority growth investment from Brighton Park Capital ("Brighton Park"), a research-driven investment firm.
- XSOLIS is an artificial intelligence-based software platform that helps national health systems and payers streamline the utilization management process.
- XSOLIS' suite of data-driven solutions leverages insights from proprietary machine
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