What You Should Know:
- Augmedix (AUGX), a leader in AI-powered medical documentation and data solutions, is being acquired by healthcare technology provider Commure in an all-cash deal valued at approximately $139M. News of the acquisition brought Augmedix up by 150% at $2.27 at 10 am ET after closing at $0.92 on Thursday.
- Augmedix leverages AI technology to streamline medical documentation and data management for healthcare providers. Their platform uses ambient AI to
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Health IT | News, Analysis, Insights - HIT Consultant
GE HealthCare Acquires Intelligent Ultrasound for $51M
What You Should Know:
GE HealthCare (Nasdaq: GEHC) announced an agreement to acquire the clinical artificial intelligence (AI) software business of Intelligent Ultrasound Group PLC (Intelligent Ultrasound) for approximately $51M.
- The acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions. GE HealthCare will finance the deal with existing cash reserves. The strategic acquisition signifies GE HealthCare's dedication to advancing
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West Tennessee Healthcare Invests in AI to Improve OR Efficiency, Utilization, & Surgical Growth
What You Should Know:
- West Tennessee Healthcare, a not-for-profit healthcare system with 7 hospitals and multiple supporting clinics, treating more than 185,000 patients, today announced a partnership with Qventus, the leading provider of AI-based software that automates health system operations and patient flows.
- Qventus’ Perioperative Solution empowers surgical teams at West Tennessee Healthcare to optimize scheduling and increase patient access by providing real-time visibility into
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AI-Powered Deepfakes Fuel Surge in Social Media Supplement Scams
What You Should Know:
- Social media has become a breeding ground for deceptive health supplement ads, with AI-powered deepfakes taking these scams to a whole new level of danger. A recent study by Bitdefender Labs reveals a dramatic increase in phony social media ads promoting fictitious supplements and treatments.
-Researchers at Bitdefender Labs analyzed health-related scams on social media platforms like Facebook, Messenger, and Instagram over a three-month period,
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How EHRs Should Help not Hurt Health System Finances
Hospitals and health systems continue to face persistent challenges from rising costs and labor shortages across clinical, administrative and revenue cycle teams. Recent news from Humana highlights that rising costs, “may persist for an extended period or, in some cases, permanently reset the baseline.” In addition, half of hospitals and health systems surveyed reported $100 million in Accounts Receivable (AR) for claims older than 6 months, amounting to $6.4 billion in delayed or unpaid claims,
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Thoughtful AI Secures $20M, Launches Human-Capable RCM AI Agents
What You Should Know:
- Thoughtful AI, a provider of AI-powered revenue cycle automation (RCM), has announced a series of exciting developments, including the launch of the world's first fully human-capable AI Agents for healthcare RCM, exceptional growth metrics, and $20 million in Series A funding.
- Thoughtful AI's groundbreaking AI Agents, CAM, EVA, and PHIL, are tackling the burden of repetitive RCM tasks like claims processing, patient eligibility verification, and payment
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Astrana Health and Elation Health Partner to Build Value-Based ACOs, CINs
What You Should Know:
- Astrana Health (NASDAQ: ASTH), a provider-centric healthcare company, today announced a strategic partnership with Elation Health, a clinical-first technology company specializing in primary care.
- The partnership focuses on supporting independent physicians by providing them with the tools necessary to thrive in value-based care arrangements. Astrana and Elation plan to establish risk-bearing entities, such as accountable care organizations (ACOs) and
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Inaccurate Provider Directories: A Major Headache for Patients and Policymakers, HiLabs’ AI Study Reveals
What You Should Know:
- Incorrect data in health plan physician directories is a pervasive problem, according to new research conducted by researchers at University of Colorado and HiLabs.
- The study, published in BMC Health Services Research, leverages HiLabs AI algorithms to compare data for >40% of US physicians across five large health plan directories.
Key Findings:
Limited variation in data quality between insurers suggests the issue goes beyond individual
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Suki to Deploy AI Assistant to Underserved Communities
What You Should Know:
- Suki, the leader in voice artificial intelligence (AI) technology for healthcare, today announced its collaboration with several Federally Qualified Health Centers (FQHCs) and Community Health Centers, including Utah Navajo Health System (UNHS), CenterPlace Health, Access Health Louisiana, and PrimeCare Health, to assist providers in addressing the significant volume of patients seeking quality care in underserved areas.
Suki
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AliveCor Receives Category III CPT Codes for AI-Powered Kardia 12L ECG
What You Should Know:
- AliveCor, the global leader in AI-powered cardiology, today announced that the American Medical Association (AMA) has granted new Category III Current Procedural Terminology (CPT) codes that are applicable to the company's Kardia™ 12L ECG System, which received FDA clearance in June 2024.
- In accordance with the AMA semi-annual early release schedule, the new codes will be effective January 1st, 2025 and published in the 2025 CPT Code book.
Kardia 12L ECG
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