According to a recent report, the market for artificial intelligence in healthcare was worth over $600 million in 2014. By 2021, this figure is expected to rise by 11 times to $6.6 billion. Healthcare is widely regarded as one of the premier industries destined for AI-led transformation. The reasoning is simple: AI is widely prescribed as an antidote for healthcare’s high costs and an enabler for better health outcomes and experiences.However, the industry has been slow to realize the
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Health IT | News, Analysis, Insights - HIT Consultant
SkylineDx Inks Partnership With Mayo Clinic to Develop Diagnostic Tests for Melanoma
SkylineDx, a Netherland-based commercial-stage biotech company has inked a joint development agreement with with Mayo Clinic to develop novel diagnostic tests which will improve clinical decision making for melanoma patients. For SkylineDx, the collaboration with the renowned Mayo Clinic is an important milestone as it allows the company to develop new diagnostic tests and extend its product offering for a broader group of patients and clinicians.The knowledge and experience of SkylineDx in the
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Atrius Health to Deploy Linguamatics NLP Platform to Support Value-based Care
Atrius Health, the Northeast’s largest nonprofit independent multi-specialty medical group announced it will implement Linguamatics, a Natural Language Processing (NLP) enterprise platform to identify and extract critical clinical information hidden within unstructured patient data.As a long-term Accountable Care Organization (ACO) for Medicare, commercial, and Medicaid patients, Atrius Health requires ready access to clinical notes and data to address reporting requirements and advance quality
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Change Healthcare Awarded DIN PACS Contract by US Defense Logistics
Change Healthcare today announced that it has been awarded a new Digital Imaging Network-PACS (DIN-PACS) IV contract by the United States Defense Logistics Agency. The DIN-PACS IV contract is a multiyear, indefinite delivery/indefinite quantity (IDIQ) contract with a combined five-year base period and one five-year option period.Under the DIN-PACS IV contract, the Military Health System and Veterans Health Administration (VHA) facilities can procure the full suite of McKesson enterprise imaging
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Advocate Health to Replace Allscripts, Cerner With Epic EHR
Downers Grove, Ill.-based Advocate Health Care has announced plans to implement Epic’s EHR system, replacing Cerner and Allscripts EHR to achieve a single unified EHR platform. Advocate Health Care officials expect to go-live on Epic’s EHR solution within three years, which includes the training of more than 17,000 Advocate physicians, nurses and associates. The new Epic EHR solution will streamline online patient appointment scheduling and digital check-ins.The news comes on the heels of
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Navicure, ZirMed Rebrands As Waystar for End-to-End Revenue Cycle Technology
Revenue cycle management providers Navicure and ZirMed, who merged in November 2017, today announced the re-branding of the combined organization under the new name Waystar. The rebranded company Waystar simplifies and unifies the healthcare revenue cycle with innovative technology that empowers clients to collect more with less cost and less stress, so they can focus on their goals, patients, and communities.Waystar brings together the two rev cycle organizations that offers cloud-based,
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Epic Launches One Virtual System Worldwide to Support Interoperability
Epic Systems, today announced the launch of their new "One Virtual System Worldwide" initiative to ensure clinicians across all organizations using Epic can not only exchange more data, but can interact with each other on that data.The One Virtual System Worldwide initiative consists of three parts: 1. Come Together: Epic finds patient records and brings their data together from Epic organizations, organizations that use other EHRs, government, and networks.2. Happy Together: MyChart patient
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Can NLP Text-Mining Transform Drug Discovery & Development for Biopharma?
Healthcare is in the midst of a data explosion, thanks to the widespread adoption of electronic health records (EHRs), the increased sophistication of insurance claims databases, and the growth of social media. These real-world data provide critical insights into the health of patients and can be leveraged to advance pharma and biotech initiatives that improve the delivery of care.This wealth of clinical data is particularly valuable for organizations seeking to understand the real-world impact
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Medtronic, Philips Partner Develop Innovation Solution for Lung Cancer
Medtronic and Philips, today announced a new partnership to develop and commercialize the LungGPS Patient Management Platform. The comprehensive patient and data management platform is designed to make it easier for clinicians to identify and manage potentially cancerous lung nodules.Lung cancer is the deadliest form of cancer, and while early detection is key, there are few symptoms in the earlier stages. When found early, lung nodules can be continuously monitored for growth, which is a sign
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Amazon, Berkshire Hathaway and JPMorgan Form New Company to Tackle Employee Health
Amazon, Berkshire Hathaway, and JPMorgan Chase & Co., today announced the formation of a new healthcare company. The newly formed healthcare company will focus on ways to address healthcare for their U.S. employees, with the aim of improving employee satisfaction and reducing costs.Company FocusTogether, the three companies, which bring their scale and complementary expertise to this long-term effort, will pursue this objective through an independent company that is free from profit-making
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