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Digital Health | News, Analysis, Insights - HIT Consultant

HIMSS24 Roundup: M&A, Strategic Partnerships, Deployments, Product Launches, Funding, More

by Fred Pennic 03/15/2024 Leave a Comment

HIMSS23 Roundup: M&A, Strategic Partnerships, New Offerings

Strategic Partnerships New Consortium Aims to Ensure Responsible Use of AI in Healthcare A new initiative, the Trustworthy & Responsible AI Network (TRAIN), was announced at the HIMSS 2024 Global Health Conference. Through collaboration, TRAIN members will help improve the quality, safety, and trustworthiness of AI in health by sharing best practices, enabling registration of AI used for clinical care or clinical operations, providing tools to enable measurement of outcomes
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Mayo Clinic Platform Unveils Solutions Studio to Propel Digital Health Innovation

by Fred Pennic 03/15/2024 Leave a Comment

Mayo Clinic Platform Unveils Solutions Studio to Propel Digital Health Innovation

What You Should Know: - Mayo Clinic Platform launches Solutions Studio, a groundbreaking program designed to accelerate the development, validation, and deployment of digital health solutions. - Solutions Studio addresses a critical challenge in healthcare – bridging the gap between promising digital health innovations and their practical integration into clinical workflows. Addressing Challenges in Digital Health The high costs and complexities associated with bringing digital
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Amazon, CVS, Google, Mayo Clinic, Stanford Others Join Coalition for Health AI (CHAI) as Founding Partners

by Jasmine Pennic 03/15/2024 Leave a Comment

Coalition for Health AI (CHAI) Announces Founding Partners, Promotes Responsible AI in Healthcare

What You Should Know: - The Coalition for Health AI (CHAI) announced today a significant milestone with the formation of its founding partner group. - The diverse group brings together leading non-profit research institutions, patient advocacy organizations, and healthcare providers alongside major technology companies. Shared Mission: Trustworthy AI for Better Healthcare CHAI's core mission is to establish itself as the go-to resource for responsible AI in healthcare. They aim
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Therabody Pours $10M into Scientific Research, Formalizes Advisory Board

by Jasmine Pennic 03/15/2024 Leave a Comment

Therabody Pours $10M into Scientific Research, Formalizes Advisory Board

What You Should Know: - Therabody, an innovator in wellness technology is pledging over $10M to fund scientific and clinical research studies across beauty, wellness, and athletic performance. - The investment reflects their commitment to scientific validation in a rapidly evolving healthcare landscape.  Therabody will also launch its first grant program to support researchers globally who are merging wellness and technology in their work. Therabody & ACSM Partnership A key
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Better Therapeutics Shutters Operations, Terminates Employees, NASDAQ Delisting

by Fred Pennic 03/14/2024 Leave a Comment

Better Therapeutics Shutters Operations, Terminates Employees, NASDAQ Delisting

What You Should Know: - Better Therapeutics (BTTX), a developer of prescription digital therapeutics (PDT), announced today it is shuttering operations and terminating its employees as they explore strategic alternatives.  - The announcement follows a special meeting of the board of directors on March 13, 2024. Strategic Crossroads The company will explore strategic options, including: Assignment for the Benefit of Creditors (ABC): In an ABC, an independent trustee takes
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Tempus Donates Over 3,000 Cancer Patient Profiles to Fuel National Cancer Institute Research

by Jasmine Pennic 03/14/2024 Leave a Comment

Tempus Donates Over 3,000 Cancer Patient Profiles to Fuel National Cancer Institute Research

What You Should Know: - Tempus, a leader in artificial intelligence and precision medicine, announced a groundbreaking data contribution to the National Cancer Institute (NCI) today. - The first-of-its-kind contribution will significantly enhance the NCI's planned Data Enclave, a secure repository designed to accelerate cancer research. Unlocking Insights from 3,000 Cancer Diagnoses Tempus is donating de-identified tumor profiles with limited associated clinical information from over
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Zephyr AI Secures $111M to Democratize Precision Medicine with Explainable AI

by Fred Pennic 03/14/2024 Leave a Comment

Zephyr AI Secures $111M to Democratize Precision Medicine with Explainable AI

What You Should Know: - Zephyr AI, a healthcare technology company pioneering explainable AI (XAI) for precision medicine, raises $111M in Series A round led by Revolution Growth, Eli Lilly & Company, Jeff Skoll, and EPIQ Capital Group. - The company plans to use this round of funding to refine its technology to fortify its extensive collection of training and validation datasets, crucial for robust AI models, deliver results even faster, and expand its scientific and commercial
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Pi Health Secures $30M to Democratize Cancer Clinical Trials

by Fred Pennic 03/14/2024 Leave a Comment

Pi Health Secures $30M to Democratize Cancer Clinical Trials

What You Should Know: - Pi Health, a newly independent oncology-focused clinical research company raises $30M in Series A funding led by  AlleyCorp and Obvious Ventures, with additional investments from Invus Capital and leaders in oncology from across the globe. - The company, previously incubated by BeiGene (NASDAQ: BGNE), aims to revolutionize access to innovative cancer treatments through its technology platform and global network of clinical trial sites. Less Than 8% of
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Nursing Report Reveals Generational Divide on Nursing’s Future, Amidst Staffing Shortages

by Fred Pennic 03/14/2024 Leave a Comment

Nursing Report Reveals Generational Divide on Nursing's Future, Amidst Staffing Shortages

What You Should Know: - Incredible Health, the leading healthcare career marketplace, released its 5th Annual State of US Nursing Report today.  The report, based on data from one million nurses and a survey of over 3,300, offers a comprehensive look at the state of nursing in the United States. - The report underscores the need for solutions to address staffing shortages, improve compensation, and enhance nurse safety and well-being.  Collaboration between healthcare systems,
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HiLabs Secures $39M to Tackle Dirty Healthcare Data with AI

by Syed Hamza Sohail 03/14/2024 Leave a Comment

HiLabs Raises $39M for AI-Powered Solutions for Health Plans

What You Should Know: HiLabs, a leading provider of AI-powered solutions to manage dirty data, unlocking its hidden potential for healthcare transformation, today announced a $39 million Series B financing.The round was led by Denali Growth Partners and Eight Roads Ventures, with participation from F-Prime Capital. The capital raise follows rapid customer adoption of its healthcare data ingestion, cleansing, and enrichment platform, MCheck™, and will support continued enhancement of the
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