What You Should Know:
- Neoplas Med GmbH, a Greifswald-based medical technology company, has secured an $18M investment from Niterra Ventures Company to further develop and expand its innovative cold plasma wound care technology.
- The latest investment brings Niterra's total investment in Neoplas Med to $25M, following previous funding rounds in 2022 and 2023.
Transforming Wound Care with Cold Plasma
Neoplas Med is a pioneer in the field of cold plasma technology for
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Digital Health | News, Analysis, Insights - HIT Consultant
Philips, AWS Expand Partnership to Bring Integrated Diagnostics to the Cloud
- Philips announced it is expanding its strategic collaboration with Amazon Web Services (AWS) to offer its integrated diagnostics portfolio in the cloud.
- The strategic partnership aims to unify diagnostic workflows, improve access to critical insights, and drive better outcomes across clinical specialties.
Cloud-Powered Diagnostic Solutions
Philips is leveraging AWS's cloud infrastructure to deliver scalable and reliable healthcare informatics solutions. By migrating
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Trustwise and Partners Develop MedAssist GPT: AI-Powered Medical Education Platform
What You Should Know:
- Trustwise, an innovator in AI performance and risk management, has collaborated with Health Innovation Kent Surrey Sussex (Health Innovation KSS), Hitachi Digital Services, and Further to co-develop MedAssist GPT, a generative AI application for medical education that leverages NVIDIA NIM microservices.
- The application equips UK medical students with real-time, personalized evidence-based clinical guidance. Integrating more than 700 National Institute for Health
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Abridge, Cambridge Health Alliance Partner to Enhance Multilingual Care with AI
What You Should Know:
- Abridge, a provider of generative AI for healthcare, has partnered with Cambridge Health Alliance (CHA) to improve clinical documentation and enhance communication with diverse patient populations.
- The collaboration will empower CHA's clinicians with Abridge's AI-powered platform, which offers industry-leading multilingual capabilities.
Addressing Language Barriers in Healthcare
Language barriers can significantly impact patient care, leading to
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GE HealthCare Unveils Mammography System to Improve Patient-Centered Breast Care
What You Should Know:
- GE HealthCare has announced the launch of its new Pristina Via™ mammography system, designed to improve the screening experience for both technologists and patients. This innovative system, debuting at the Radiological Society of North America's 2024 Annual Meeting, addresses the growing need for efficient workflows and personalized care in breast imaging.
- GE HealthCare developed Pristina Via™ based on extensive feedback from mammography technologists. The company
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TailorMed Secures $40M to Improve Medication Access and Affordability
What You Should Know:
-TailorMed, a leading innovator in healthcare technology, announced a $40 million financing round combining equity and debt. This investment positions the company to advance its bold vision of transforming medication access, adherence, and affordability across the United States.
- Windham Capital Partners led the round, alongside Citi Impact Fund, Samsung Next, and BrightEdge, and the investment arms of some of the nation’s top health systems: Providence Ventures, OSF
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Google Launches Health AI Developer Foundations (HAI-DEF) to Accelerate Healthcare AI Development
What You Should Know:
- Google has introduced Health AI Developer Foundations (HAI-DEF), a public resource designed to empower developers in building and implementing AI models for healthcare more efficiently.
- The initiative aims to democratize AI development in the healthcare sector, fostering innovation and improving patient care.
Addressing Challenges in Healthcare AI Development
Developing AI for healthcare presents unique challenges:
Data Requirements: Large,
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Teladoc Health Enhances Virtual Sitter Solution with AI to Improve Patient Safety and Efficiency
What You Should Know:
- Teladoc Health has announced the launch of new AI-powered capabilities for its Virtual Sitter solution.
- Virtual Sitter aims to enhance patient safety, address workforce challenges, and improve care delivery for hospitals and health systems.
Addressing the Challenge of Patient Falls with AI-Powered Fall Prevention
Patient falls are a significant concern in hospitals, leading to injuries, increased healthcare costs, and strain on resources. Teladoc
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Healthcare as a Right: How AI is Shaping Global Access
The World Health Organization estimates that by 2030, the world will face a shortage of approximately 10 million healthcare workers globally if health systems do not make significant changes. This looming crisis threatens to leave millions without accessible, quality care, potentially leading to devastating consequences for individuals and communities worldwide. Luckily, AI tools are providing innovative solutions to this issue in a variety of ways that can alleviate the administrative burden on
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Optimizing Clinical Trials with AI and Data-Driven Insights
While most technology- and innovation-oriented industries have followed the general principles of Moore’s Law, which holds that computing power would double yearly, while costs were cut in half, the life sciences industry appears to be spending more money developing fewer drugs.
According to the latest data, the cost to take a drug candidate from the discovery stage, all the way to market launch, hit $2.3 billion in 2022—a $298 million rise from 2021. Meanwhile, there were
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