What You Should Know:
- Absci, a generative AI drug creation company, and PrecisionLife, a pioneer in computational biology for complex chronic diseases, have announced a powerful partnership to develop a joint portfolio of potential therapeutics.
- This collaboration aims to leverage the strengths of both companies to address unmet medical needs and accelerate drug development.
Combining Expertise for Faster, Precision-Driven Drug Discovery
Key aspects of the partnership
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Digital Health | News, Analysis, Insights - HIT Consultant
RPA Adoption: 74% of Hospitals Automate Revenue Cycle Tasks
What You Should Know:
The healthcare revenue cycle is getting a major makeover, driven by a surge in automation and artificial intelligence (AI). A new survey by AKASA, a leading developer of AI-powered revenue cycle automation solutions, reveals that 74% of healthcare organizations are already automating some part of their revenue cycle operations, and 80% of those not currently using it plan to do so by the end of 2025.
The Rise of the Robots
- Automation is no longer a luxury, but a
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Butterfly, Mendaera Partner to Transform Interventional Care with AI-Powered Robots
What You Should Know:
- Butterfly Network (BFLY), a provider of portable ultrasound technology, and Mendaera, a Silicon Valley robotics innovator, are teaming up to bring an AI-powered robotic system to market.
- Powered by Butterfly™ solution, the collaboration promises to transform interventional procedures by combining Butterfly's cutting-edge Ultrasound-on-Chip™ technology with Mendaera's precision robotics.
Elevating Interventional Medicine
The collaboration aims to address
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CoachCare Acquires Verustat to Expand Remote Patient Monitoring Reach
What You Should Know:
- CoachCare, a leading remote patient monitoring (RPM) and virtual health company, has made its fourth acquisition in 12 months, snapping up Nashville-based Verustat for an undisclosed amount.
- This strategic move further strengthens CoachCare's position in the rapidly growing RPM market, projected to reach $175.2 billion by 2027.
Strengthening Focus on Chronic Conditions
Founded in 2020, Verustat brings valuable expertise in primary care and cardiology, areas
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Biorithm Secures $3.5M to Revolutionize Connected Maternity Care
What You Should Know:
- Biorithm, a global women's health medtech company, has secured $3.5M in Series A funding to fuel its mission of improving maternal health outcomes and reducing preventable pregnancy complications.
- This investment, co-led by Adaptive Capital Partners and SEEDS Capital, will support Biorithm's expansion in key markets like Southeast Asia and the United States, as well as the advancement of its flagship Femom technology.
Combating Preventable
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XiFin Launches New Payor Rate Transparency Monitor to Empower Diagnostic Providers
What You Should Know:
-XiFin, Inc., announced the launch of its new Payor Rate Transparency Monitor, the first-of-its-kind interactive visualization tool that compares contracted rates published by UnitedHealthcare, Aetna, and Cigna.
The new AI monitor tool dives deep beyond mere averages, drilling down into specific billing codes and modifiers established by the Centers for Medicare & Medicaid Services (CMS). This granular data empowers providers to refine their managed care, market
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Michigan Expands Access to Philips Avent Pregnancy+ App for Medicaid Mothers
What You Should Know:
- Michigan is taking a major step forward in improving maternal and infant health by expanding access to the Philips Avent Pregnancy+ mobile app for Medicaid-eligible families.
- The public-private partnership between the Michigan Department of Health and Human Services (MDHHS) and Royal Philips addresses the U.S. maternal mortality crisis and creates a more equitable healthcare system.
Connecting Families to Resources and Education
The Pregnancy+ app provides
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AMA Survey Explores Physician Sentiments on AI in Healthcare
What You Should Know:
- Physicians are cautiously optimistic about artificial intelligence (AI) in healthcare, according to a new survey by the American Medical Association (AMA). While 41% are equally excited and concerned about its potential, nearly two-thirds see its advantages if specific concerns are addressed.
- The survey of 1,081 physicians, conducted in August 2023, reveals a complex picture of how doctors view this transformative technology, highlighting both its potential
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Headway Expands Nationwide, Connecting Mental Health Patients with Care in All 50 States
What You Should Know:
- Headway, a tech-enabled network of mental health providers, has achieved a major milestone: it is now serving patients in all 50 states and the District of Columbia.
- Headway's national expansion marks a significant step forward in making mental health care accessible and affordable for all Americans. By addressing key barriers to care and partnering with major health plans, Headway is helping to create a healthier future for individuals and communities across the
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Lunit Acquires AI-Enabled Breast Cancer Detection Platform Volpara for $193M
What You Should Know:
- South Korean AI leader Lunit has announced its intention to acquire Volpara, a global pioneer in AI-powered cancer detection software, in a landmark deal worth AUD 292M (USD 193M).
- Beyond market presence, it's Volpara's deep knowledge and extensive data that truly sets it apart. With over 100 million high-quality mammogram images in its repository, Volpara offers a treasure trove of insights that will supercharge Lunit's AI capabilities and pave the way for
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