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Digital Health | News, Analysis, Insights - HIT Consultant

AI Washing in Healthcare: How to Identify and Avoid Empty Promises

by Dr. Hugh Cassidy, Head of Artificial Intelligence and Chief Data Scientist at LeanTaaS 10/28/2024 Leave a Comment

Dr. Hugh Cassidy, Head of Artificial Intelligence and Chief Data Scientist at LeanTaaS

The costs of care are rising, and with them, the pressure on healthcare systems to manage resources effectively. Between 2019 and 2022 alone, overall hospital expenses surged by 17.5%, while hospital labor costs grew by 20.8%, according to a recent report from the American Hospital Association. This financial strain, coupled with ongoing resource constraints and staffing shortages, has created a perfect storm, making it increasingly difficult for health systems to maintain both
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SmarterDx Launches AI-Powered Appeals Solution to Fight Payer Denials

by Fred Pennic 10/28/2024 Leave a Comment

SmarterDx Launches AI-Powered Appeals Solution to Fight Payer Denials

What You Should Know:  - SmarterDx, a provider of clinical AI for revenue integrity, has announced the launch of SmarterDenials, an innovative AI-driven solution designed to help hospitals fight unjust claim denials.  - With denials on the rise, causing operational disruptions and revenue loss for healthcare providers, SmarterDenials empowers hospitals to generate stronger clinical appeal letters and secure faster and more accurate reimbursements. Addressing the Growing
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AMA Approves CPT Code for Cleerly’s AI-Powered Solution

by Fred Pennic 10/28/2024 Leave a Comment

AMA Approves CPT Code for Cleerly's AI-Powered Solution

What You Should Know:  - Cleerly, a pioneer in advanced cardiovascular imaging, is celebrating a significant victory in the adoption of artificial intelligence (AI) in healthcare. The American Medical Association (AMA) has officially approved a Category I CPT code for Cleerly's AI-QCT advanced plaque analysis.  - The decision, effective January 1, 2026, marks a major step forward in recognizing and reimbursing AI-driven technologies that improve patient outcomes in cardiovascular
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Backed by Visa, Osigu Secures $25M to Modernize Healthcare Payments Across Latin America

by Fred Pennic 10/25/2024 Leave a Comment

Backed by Visa, Osigu Secures $25M to Modernize Healthcare Payments Across Latin America

What You Should Know:  - Osigu, an AI-powered platform for healthcare claims and revenue management in Latin America and the Caribbean, has raised $25 million in Series B funding led by IDC Ventures, with strategic participation from Visa.  - Visa's strategic investment and partnership will drive the development of real-time payment solutions for healthcare providers. Addressing Healthcare Payment Inefficiencies The healthcare sector in Latin America and the Caribbean faces
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Is Leadership Bias Holding Back Virtual Healthcare Adoption?

by Andy Flanagan, CEO at Iris Telehealth 10/25/2024 Leave a Comment

Andy Flanagan, CEO at Iris Telehealth

Virtual healthcare has experienced a remarkable surge in recent years, with over 116 million users worldwide engaging in online doctor consultations in 2024 — a dramatic leap from just 57 million in 2019. This exponential growth underlines the increasing accessibility and potential of telehealth solutions, particularly in behavioral health. Unlike many other fields of medicine, behavioral health care often doesn't require physical examinations or tests, making it particularly well-suited for
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Gradient Health Acquires DataAppraisal to Expand Medical AI

by Fred Pennic 10/25/2024 Leave a Comment

Gradient Health Acquires DataAppraisal to Expand Medical AI

What You Should Know:  - Gradient Health, a leading provider of medical imaging data for AI development, has acquired DataAppraisal, a healthcare AI company specializing in unlocking the value of anonymized data from health systems worldwide.  - The strategic acquisition will significantly expand Gradient Health's ability to provide medical AI developers with access to a vast and diverse collection of de-identified medical imaging studies, including datasets from underserved
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Authenticx Launches Ava, an AI-Powered Assistant for Healthcare Insights

by Syed Hamza Sohail 10/25/2024 Leave a Comment

Authenticx Launches Ava, an AI-Powered Assistant for Healthcare Insights

What You Should Know: - Authenticx, a top conversation intelligence platform for healthcare organizations, today announced the launch of Ava, an AI-powered in-app assistant that helps users quickly answer their most pressing business questions while serving up meaningful insights from their own data. - The AI assistant can analyze call transcripts, interpret correlations between AI models, provide coaching feedback on agent performance, and recommend strategic actions to take based on
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General Catalyst Raises $8B w/ $750M for Health Assurance Fund

by Fred Pennic 10/24/2024 Leave a Comment

General Catalyst Raises $8B w/ $750M for Health Assurance Fund

What You Should Know:  - General Catalyst (GC), a global venture capital firm, has announced a significant milestone with the raise of $8B in new capital consisting of $6B for GC’s latest fund - Fund XII - and $2B in separately managed accounts).. - The substantial investment will accelerate GC's mission to advance health assurance and drive transformative innovations across various sectors, including AI, healthcare, and global resilience. $750M Allocated to Health Assurance
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Abbott Launches Clinical Trial to Optimize Heart Failure Treatment with AI-Powered Monitoring

by Jasmine Pennic 10/24/2024 Leave a Comment

Abbott Pioneers New Clinical Trial to Optimize Heart Failure Treatment with AI-Powered Monitoring

What You Should Know:  - Abbott, a global healthcare leader, has announced a new clinical trial, TEAM-HF,  designed to improve outcomes for patients with worsening heart failure.  - The first-of-its-kind trial will leverage AI and Abbott's CardioMEMS™ HF System to identify patients who may benefit from earlier intervention with advanced therapies, such as a HeartMate 3™ left ventricular assist device (LVAD). Addressing the Challenges of Advanced Heart Failure Heart
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Dyania Health Secures $10M for AI-Powered Chart Review

by Syed Hamza Sohail 10/24/2024 Leave a Comment

Dyania Health Secures $10M for AI-Powered Chart Review

What You Should Know: -  Dyania Health, an AI-powered healthcare data company, today announced the close of its $10 million Series A funding round led by HealthX Ventures with Tech Square Ventures and Cleveland Clinic Ventures, along with significant participation from existing investors. -    Dyania’s Series A is driven by the growing demand for innovative solutions that address inefficiencies in healthcare data management and clinical research, positioning Dyania Health as a leader in
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