What You Should Know:
Today, Hippocratic AI launched out of stealth to announce the first Large Language Model (LLM) designed specifically for healthcare, as well as a $50M seed round co-led by General Catalyst and Andreessen Horowitz.Co-founded by Munjal Shah and Meenesh Bhimani MD, Hippocratic AI is building the first LLM for healthcare, with an initial focus on non-diagnostic, patient-facing applications. It has outperformed existing language models (e.g. GPT-4) on 100+ healthcare tests
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Digital Health | News, Analysis, Insights - HIT Consultant
How AI Can Deliver Benefits in Healthcare Manufacturing and Patient Device Usage
According to Grand View Research, the global artificial intelligence (AI) in healthcare market size was valued at USD 15.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 37.5% from 2023 to 2030, to reach an estimated USD 208.2 billion. That’s an impressive growth rate, indicating the expected value delivery to a mostly early-phase adoption of AI in the healthcare marketplace. With such aggressive predicted growth, many health industry professionals may ask
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Validic Acquires Connected Health Platform Trapollo
What You Should Know:
Validic has acquired the assets of Trapollo LLC, a connected health, technical support, and device logistics provider that helps healthcare organizations care for patients at home. Trapollo is a wholly-owned subsidiary of Cox Communications, Inc.With the acquisition of these Trapollo assets, Validic rounds out its core capabilities to make personalized healthcare a practical reality for patients and clinicians. Validic's EHR-integrated healthcare app ingests remotely
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Flatiron Health Launches Integrated RWE Solutions for Oncology
What You Should Know:
Building upon over a decade of experience providing high-quality, real-world oncology data, Flatiron Health has announced the expansion of their real-world evidence (RWE) offerings to include analytic, scientific, and consultative services, leveraging the high-quality foundational real-world data (RWD) assets that the company is well known for.Flatiron’s new Integrated RWE Solutions will include data and end-to-end services to provide a more flexible and fit-for-purpose
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Datavant, AWS Partner to Generate Clinical and Patient Insights
What You Should Know:
Datavant, a provider helping organizations securely connect health data, announces that it is working with Amazon Web Services (AWS) to help healthcare and life sciences customers accelerate their ability to manage and optimize clinical and patient insights.Pharmaceutical companies, healthcare providers, research institutions, and healthcare technology customers can now access Datavant’s cutting-edge data de-identification technology in AWS, connect
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TELUS Health Launches Total Mental Health
What You Should Know:
TELUS Health launches Total Mental Health - an innovative solution that provides employees with access to a team of care professionals who will curate personal care journeys with continuous mental health counseling, therapist led iCBT programs, digital tools, assessments, and ongoing tracking and feedback.Accessible by employees through their company’s health benefits, Total Mental Health leverages TELUS Health’s world-leading technology to offer a one-stop app
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Roundups: HealthJoy Expands Partnership With Teladoc Health, Oura, Other Strategic Partnerships
Roundup summary of recent digital health strategic partnerships:
HealthJoy, Teladoc Health Launch Virtual Primary Care
HealthJoy, a benefits navigation platform that amplifies employer benefit strategies expands its partnership with Teladoc Health to introduce virtual primary care. HealthJoy Virtual Primary Care, powered by Teladoc Health, provides a fully integrated primary care experience that supports members throughout their entire healthcare journey. The solution will further
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FWA Is Increasing. Healthcare Costs Are Spiraling. Now There’s A New Generation Of AI Technology To Take Back Control
In 2020, the Department of Justice estimated that fraudulent, wasteful, and abusive (FWA) billing practices account for more than $100 billion of the nation’s healthcare expenditures.1 Today, the National Healthcare Anti-Fraud Association (NHCAA) conservatively estimates that healthcare FWA costs the nation about $68 billion annually, representing 3% of the nation's $2.26 trillion in healthcare spending.2 FWA estimates from commercial health plans range as high as $230 billion annually, or
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Analysis: Sharecare Poised for Re-Acceleration, 1Q Results
What You Should Know:
On 5/10/23, BMO, Sharecare (SHCR) delivered what appear to be, good 1Q results. Revenue of $116.3M + 15.5% y/y, compares to BTIG / FactSet consensus of $111M / $110.9M and adjusted EBITDA of $2.1M compares to BTIG /consensus of $1.2M / $1.2M. 1Q revenue exceeded the guidance range of $111M- $113M.Given the top-line beat we are optimistic that revenue guidance is conservative. Management increased 2023 revenue guidance from $450-$460M to $452.5M-$460M and 2023 adjusted
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Amino Health Secures $80M for Healthcare Guidance Platform
What You Should Know:
Amino Health, the leading digital healthcare guidance company, today announced $80 million in both equity and debt financing led by Transformation Capital and Oxford Finance LLC, respectively.In the face of declining digital health investment, this funding underscores the success of Amino Health's proven model and enables the company to scale its technology and continue its strong growth trajectory.
Funding to Lead to Broadening of Amino
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