What You Should Know:
- Q1 2024 Digital health funding in the U.S. reached $2.7B across 133 deals, with an average deal size of $20.6M, according to Rock Health’s Q1 2024 Digital Health Funding Report.
- The report reveals the digital health funding landscape has undergone a significant shift in Q1 2024, marking a transition from a period of rapid growth to a more measured environment focused on long-term sustainability. This signals a shift towards smaller check sizes, indicating a more
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UnitedHealth Faces New Ransomware Threat After Alleged $22M Payment Failure
What You Should Know:
- UnitedHealth Group is embroiled in a new ransomware saga, just as it recovers from a February attack, according to a blog post from threat intelligence firm SOCRadar.
- A hacking group called RansomHub claims to possess 4 terabytes of stolen data from UnitedHealth's subsidiary, Change Healthcare and is demanding a ransom to prevent its release.
RansomHub's Demands and Allegations
This data supposedly includes the personal details and medical records of
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Vista Equity Partners Acquires Model N for $1.25B
What You Should Know:
- Model N (NYSE: MODN), a leading provider of revenue optimization and compliance solutions for the life sciences and high-tech industries, has announced a definitive agreement to be acquired by Vista Equity Partners ("Vista").
- Under the terms of the agreement, Vista will acquire all outstanding shares of Model N common stock for $30.00 per share in an all-cash transaction valued at approximately $1.25 billion.
- The transaction is expected to close in
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WHO Unveils S.A.R.A.H.: An AI-Powered Digital Health Promoter
What You Should Know:
- The World Health Organization (WHO) unveils S.A.R.A.H., an AI-powered digital health promoter, available 24/7 in eight languages via video or text.
- S.A.R.A.H. provides tips to destress, eat right, quit tobacco and e-cigarettes, be safer on the roads as well as give information on several other areas of health.
About Sarah: WHO’s First Digital Health Promoter
S.A.R.A.H. (Smart AI Resource Assistant for Health) leverages cutting-edge generative AI
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Aegis Ventures Launches “Digital Consortium” with 9 Health Systems for Healthcare Innovation
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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