What You Should Know:
- Hippocratic AI, a company developing a safety-focused Large Language Model (LLM) for healthcare raises $53M in Series A funding, bringing their total funding to $120M. The round was co-led by Premji Invest and General Catalyst with participation from SV Angel and Memorial Hermann Health System as well as existing investors Andreessen Horowitz (a16z) Bio + Health, Cincinnati Children’s, WellSpan Health, and Universal Health Services (UHS).
- The company also launched
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Digital Health | News, Analysis, Insights - HIT Consultant
NVIDIA, J&J MedTech Partner to Develop AI-Powered Digital Surgery Ecosystem
What You Should Know:
NVIDIA and Johnson & Johnson MedTech (J&J MedTech) are teaming up to develop new AI capabilities for J&J's connected digital surgery ecosystem.
The strategic collaboration aims to boost operating room (OR) efficiency, improve clinical decision-making, and accelerate innovation in surgical AI.
Why AI is Critical for the Future of Surgery
AI is already used in surgery to analyze data collected during procedures. This new partnership takes things a step
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Despite Employer Insurance, Millions Still Struggle to Afford Care
What You Should Know:
- A new study by Paytient, a provider of healthcare affordability solutions, sheds light on the surprising struggles of many Americans with employer-sponsored health insurance.
- The study, titled "The Hidden Lives of Workplace-Insured Americans," commissioned from independent research group Nonfiction, reveals a troubling reality – millions are effectively self-insured due to high deductibles, leading to delayed care, financial strain, and a negative impact on both
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Banner Health Taps Regard to Deploy AI-Powered Clinical Automation Across Enterprise
What You Should Know:
- Regard, a provider of AI-powered clinical automation for Electronic Health Records (EHRs), today announced a significant expansion of its partnership with Banner Health.
- The enterprise-wide agreement will see Regard's technology deployed across all 33 of Banner's acute-care hospitals in six states throughout 2024.
Building on a Successful Pilot
Building upon a successful pilot program launched in June 2022 at Banner Thunderbird Medical Center, Banner Health
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American Cancer Society, Color Health Expand Cancer Care Program for Employers and Unions
What You Should Know:
- The American Cancer Society (ACS) and Color Health announced today a significant expansion of their existing program, creating a first-of-its-kind comprehensive cancer solution for employers and labor unions. This enhanced program goes beyond screening and prevention to support employees and members throughout all stages of the cancer journey.
- The expanded program builds upon the existing collaboration between ACS and Color Health, which has already provided
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Lunit Expands AI-powered Cancer Screening Solution to France and Portugal
What You Should Know:
- Lunit (KRX:328130.KQ), a provider of AI-powered cancer diagnostics and therapeutics solutions, announced today two significant commercial agreements that mark its continued European expansion.
- These strategic deals will bring Lunit's AI-powered cancer screening solution to healthcare providers in France and Portugal, aiding in the fight against cancer.
TeleDiag and Lunit Partner to Improve Lung Cancer Detection in France
Lunit has partnered with TeleDiag,
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FOLX Health Appoints Greg Sottolano as Chief People Officer
What You Should Know:
- FOLX Health, the first of its kind, nationwide LGBTQIA+ digital healthcare service provider, built to serve the community’s specific needs appoints Greg Sottolano as Chief People Officer.
- As Chief People Officer, Greg will be responsible for HR, L&D and Internal Communications and will be focused on developing best-in-class talent across clinical and headquarters staff and enhancing the company culture.
- The strategic hire will support FOLX Health’s
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Rise of Retail Healthcare: Challenges and Opportunities for Payers
Healthcare delivery continues to evolve to meet ever-changing patient demands. Over the years, rural doctors who historically performed house calls have been replaced with regional physician groups and community hospitals that are owned and managed by large health systems with multiple locations. Nearly 70% of physicians now work for a corporate entity instead of private practices. Telehealth visits increased 26x during the COVID-19 pandemic and have since leveled off, but are still a preferred
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HIMSS24 Roundup: M&A, Strategic Partnerships, Deployments, Product Launches, Funding, More
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
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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