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Digital Health | News, Analysis, Insights - HIT Consultant

Healthcare Lags in AI Adoption Despite Potential Benefits, Study Reveals

by Fred Pennic 02/29/2024 Leave a Comment

Healthcare Lags in AI Adoption Despite Potential Benefits, Study Reveals

What You Should Know: - A recent study conducted by Access Partnership for Amazon Web Services (AWS) highlights a significant discrepancy between the perceived benefits of artificial intelligence (AI) in healthcare and the industry's current preparedness to utilize it effectively. - The study underscores the need for collaboration between healthcare organizations and technology leaders like AWS to bridge the AI skills gap and unlock the full potential of AI in healthcare. This
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Philips Appoints Charlotte Hanneman as New CFO, Succeeding Abhijit Bhattacharya

by Executive Digital Health Appointments 02/28/2024 Leave a Comment

Philips Appoints Charlotte Hanneman as New CFO, Succeeding Abhijit Bhattacharya

What You Should Know: - Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, has announced the appointment of Charlotte Hanneman as its new Chief Financial Officer (CFO). - Ms. Hanneman will join the company's Board of Management on June 1, 2024, officially assuming the CFO role on October 1, 2024. She will succeed Abhijit Bhattacharya, who will retire on September 30, 2024, after a successful 37-year career with Philips. Hanneman's Bio/Background Ms. Hanneman brings
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Redi Health Secures $14M to Transform Patient Support Programs

by Fred Pennic 02/28/2024 Leave a Comment

Redi Health Secures $14M to Transform Patient Support Programs

What You Should Know: - Redi Health, an innovator in digital health solutions, announced today the successful closing of a $14 million Series B funding round. - The Series B round, led by Blue Heron Capital, with participation from North Coast Ventures and existing investors, empowers Redi Health to accelerate growth and further establish itself as a leader in the digital health space. Addressing Challenges in Patient Support Programs Traditional Patient Support Programs (PSPs)
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Absci Announces $75M Public Offering to Fuel AI Drug Creation

by Fred Pennic 02/28/2024 Leave a Comment

Absci Announces $75M Public Offering to Fuel AI Drug Creation

What You Should Know: - Absci Corporation (Nasdaq: ABSI), a company utilizing generative AI for drug discovery, announced today an initial public offering (IPO) of $75 million in common stock. - This IPO aims to support the advancement of Absci's internal drug development programs, further investment in their Integrated Drug Creation™ platform, and general corporate purposes. Offering Details Absci intends to offer $75M of common stock, with an option to sell an additional $11.25M
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Streamlined Digital Pathology Workflows: Proscia Partners with Pramana

by Syed Hamza Sohail 02/28/2024 Leave a Comment

Streamlined Digital Pathology Workflows: Proscia Partners with Pramana

What You Should Know: Proscia®, a leading provider of digital and computational pathology solutions, today announced thatPramana, Inc., an AI-enabled health tech company modernizing the pathology sector, is now a Proscia Ready partner.Pramana joins the partner alliance to help life sciences organizations and diagnostic laboratories increasingly leverage enriched, high-quality data, including DICOM images, in their routine research and clinical operations. Accelerating Digital
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Integrating AI Co-Pilots: A New Era of Intelligent Healthcare Management

by Akshay Sharma, Chief AI Officer, Lyric 02/28/2024 Leave a Comment

Integrating AI Co-Pilots: A New Era of Intelligent Healthcare Management

The integration of AI into healthcare workflows presents a tremendous opportunity for transformation –– and for new levels of productivity in a time when administrative functions surrounding claims adjudication, provider reimbursement, and related functions are complicating operations and affecting efficiency. AI Co-Pilots offer an innovative approach to addressing these issues by driving efficiency, accuracy, and value in payment integrity. The payment Integrity sector, crucial for ensuring
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Veradigm Acquires ScienceIO for $140M in Cash to Accelerate AI Innovation in Healthcare

by Fred Pennic 02/27/2024 Leave a Comment

Veradigm Acquires ScienceIO for $140M in Cash to Accelerate AI Innovation in Healthcare

What You Should Know: - Veradigm Inc. (NASDAQ: MDRX), a provider of healthcare data and technology solutions, announced an agreement to acquire ScienceIO, a leader in healthcare AI platform and foundation models. - The acquisition is valued at $140 million in cash, with $44 million deferred and payable in installments over three years. Veradigm will fund the transaction entirely from existing cash reserves. Strategic Acquisition to Enhance AI Capabilities This acquisition signifies
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FamilyWell Secures $4.3M to Combat Maternal Mental Health Crisis

by Jasmine Pennic 02/27/2024 Leave a Comment

FamilyWell Secures $4.3M to Combat Maternal Mental Health Crisis

What You Should Know: - FamilyWell Health, a company dedicated to improving maternal mental health, announced today they have secured $4.3 million in seed funding led by .406 Ventures, with participation from GreyMatter Capital and Mother Ventures. - The funding will fuel FamilyWell's national expansion, tackling the crucial issue of maternal mental health. An alarming statistic reveals that 1 in 5 women in the United States experience postpartum depression, yet access to treatment remains
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Know Labs Unveils KnowU: Wearable Non-Invasive CGM Poised to Revolutionize Glucose Monitoring

by Jasmine Pennic 02/27/2024 Leave a Comment

Know Labs Unveils KnowU: Wearable Non-Invasive CGM Poised to Revolutionize Glucose Monitoring

What You Should Know: - Know Labs (NYSE American: KNW), a leading innovator in non-invasive medical diagnostic technology, today announced the unveiling of its KnowU™, a wearable, non-invasive continuous glucose monitor (CGM). - With over 270 patents issued, pending, and in process, Know Labs has established a solid foundation for its technology, creating a competitive advantage in the non-invasive CGM landscape. Wearable, Non-invasive Continuous Glucose Monitor Just eight months
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Color Health, BCBS National Labor Office Partner to Empower Unions in the Fight Against Cancer

by Fred Pennic 02/27/2024 Leave a Comment

Color Health, BCBS National Labor Office Partner to Empower Unions in the Fight Against Cancer

What You Should Know: - Color Health, a leader in comprehensive cancer solutions, announced today a Strategic Alliance partnership with the Blue Cross Blue Shield (BCBS) National Labor Office (NLO). - Through this alliance, Color Health and BCBS NLO aim to empower union leaders with the tools and resources needed to equip their members for the fight against cancer, promoting early detection, comprehensive care, and essential support services. Comprehensive Cancer Care for Union
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