What You Should Know:
- Aegis Ventures, a New York-based healthcare venture studio, announced the formation of the Digital Consortium, a groundbreaking initiative designed to tackle some of healthcare's most pressing challenges with nine leading health systems.
- Consortium members will innovate directly with Aegis to co-develop, invest in, and deploy healthtech solutions that address healthcare’s most urgent quality, equity, and cost problems, and enable them to better care for the
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Sagility Acquires BirchAI: Boosting Healthcare Engagement with Generative AI
What You Should Know:
- Sagility, a healthcare services provider acquires BirchAI, a Seattle-based company specializing in cloud-based, AI-powered customer support solutions. This strategic move strengthens Sagility's commitment to leveraging technology for a more efficient and impactful healthcare experience.
- The acquisition broadens Sagility’s analytics and automation-backed healthcare engagement services that it provides to large national payers, Blues plans, regional payers, health
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Nurse Shortage, Burnout Top Concerns for Healthcare Workers: AI Seen as Potential Solution
What You Should Know:
- A new survey by Carta Healthcare®, a company focused on harnessing the power of clinical data, sheds light on the pressing challenges faced by healthcare professionals in the United States.
- In honor of Certified Nurses Day, the survey conducted Propeller Insights in January/February 2024 among 500 healthcare workers, reveals that staff shortages and burnout are taking a significant toll on the industry.
Staffing Shortages: The Root Cause of Burnout
While
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Leveraging the AI Opportunity for Healthcare Unstructured Data
Unstructured data – such as medical images, scans and lab reports – opens the door to a wide range of exciting new possibilities in the world of healthcare. By deriving insights from unstructured data, healthcare organizations can deliver better patient care, as well as unlock powerful capabilities – like using AI models to streamline medical note-taking, reshape hospital billing and improve medical coding.
To do these things, however, you need to be able to track and access all your
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Hippocratic AI Secures $53M to Develop Safety-Focused GenAI for Healthcare
What You Should Know:
- Hippocratic AI, a company developing a safety-focused Large Language Model (LLM) for healthcare raises $53M in Series A funding, bringing their total funding to $120M. The round was co-led by Premji Invest and General Catalyst with participation from SV Angel and Memorial Hermann Health System as well as existing investors Andreessen Horowitz (a16z) Bio + Health, Cincinnati Children’s, WellSpan Health, and Universal Health Services (UHS).
- The company also launched
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NVIDIA, J&J MedTech Partner to Develop AI-Powered Digital Surgery Ecosystem
What You Should Know:
NVIDIA and Johnson & Johnson MedTech (J&J MedTech) are teaming up to develop new AI capabilities for J&J's connected digital surgery ecosystem.
The strategic collaboration aims to boost operating room (OR) efficiency, improve clinical decision-making, and accelerate innovation in surgical AI.
Why AI is Critical for the Future of Surgery
AI is already used in surgery to analyze data collected during procedures. This new partnership takes things a step
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Unlocking the Potential of Value-Based Care with AI
The momentum of value-based care (VBC) is poised to accelerate. The Centers for Medicare and Medicaid Services (CMS) has outlined an ambitious objective: to transition all traditional Medicare beneficiaries into a VBC arrangement by 2030, a notable increase from the mere 7% recorded in 2021 by Bain Research. As more plans, providers and members enter VBC arrangements, substantial volumes of clinical data will need to be managed effectively to oversee patient risk and care quality.
The
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HIMSS24 Roundup: M&A, Strategic Partnerships, Deployments, Product Launches, Funding, More
Strategic Partnerships
New Consortium Aims to Ensure Responsible Use of AI in Healthcare
A new initiative, the Trustworthy & Responsible AI Network (TRAIN), was announced at the HIMSS 2024 Global Health Conference. Through collaboration, TRAIN members will help improve the quality, safety, and trustworthiness of AI in health by sharing best practices, enabling registration of AI used for clinical care or clinical operations, providing tools to enable measurement of outcomes
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Better Therapeutics Shutters Operations, Terminates Employees, NASDAQ Delisting
What You Should Know:
- Better Therapeutics (BTTX), a developer of prescription digital therapeutics (PDT), announced today it is shuttering operations and terminating its employees as they explore strategic alternatives.
- The announcement follows a special meeting of the board of directors on March 13, 2024.
Strategic Crossroads
The company will explore strategic options, including:
Assignment for the Benefit of Creditors (ABC): In an ABC, an independent trustee takes
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Nursing Report Reveals Generational Divide on Nursing’s Future, Amidst Staffing Shortages
What You Should Know:
- Incredible Health, the leading healthcare career marketplace, released its 5th Annual State of US Nursing Report today. The report, based on data from one million nurses and a survey of over 3,300, offers a comprehensive look at the state of nursing in the United States.
- The report underscores the need for solutions to address staffing shortages, improve compensation, and enhance nurse safety and well-being. Collaboration between healthcare systems,
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