As healthcare professionals, it seems we can't escape the buzz and hype of artificial intelligence (AI) today. However, unlike other industries, healthcare’s adoption of AI is still in its infancy, in part, due to many providers still updating their tools and processes for the digital age. According to an Accenture analysis, growth in the AI health market is expected to reach $6.6 billion by 2021 and key clinical health AI applications can potentially create $150 billion in annual savings for
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AI Nutrition Data Startup Nutrino Lands $10M to Build Largest Food Database
Nutrino, an Israeli-based digital health provider of nutrition-related data services and analytics technology, announced today the completion of its Series A round of $8 million, bringing the total raised to $10 million. The round included participation from Pereg Ventures, Nielsen Ventures and Gandyr Group joined existing investors - including the New York Angels group. The latest round of funding will be used to further develop Nutrino’s database, which collates data from millions of food
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Cigna Launches “Answers by Cigna” on Amazon Alexa
Today, Cigna announced it will be the first global health service company to offer a skill aimed at personalizing and simplifying health benefits information with the launch of “Answers by Cigna,” a skill for Amazon Alexa. “Answers by Cigna” is designed to educate and engage people about health care by providing instant and easy-to-understand answers to more than 150 commonly-asked health care questions.Nearly half of Americans are utilizing voice enabled devices and has the potential to change
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Why Artificial Intelligence Could Fail Healthcare Providers in 2018
Artificial Intelligence (AI) holds tremendous potential to transform care delivery by automating, augmenting and amplifying human labor in repetitive cognitive tasks. Just like any tool, however, it can be leveraged with improper or incomplete strategies and create more harm than good. This harm translates not only into mistakes that can impact an organization's bottom line, but also the lives of the patients that the organization serves.As we approach the start of HIMSS 2018 we can expect to
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Why AI’s Impact on Healthcare Will Be Far-Reaching Beyond Cost Savings
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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drchrono, Nimblr Partner to Automate Two-Way Texting for Patients and Practices
Mobile EHR provider drchrono, today announced a new partnership with Nimblr, developers of Holly, an Artificial Intelligence (AI) assistant who automates healthcare appointments in sync with a practice’s practice management platform.Holly is the first AI virtual assistant focused on front desk tasks for a physician’s practice, and through its integration with drchrono, will give healthcare providers using the practice management platform two-way conversational texting between practices and its
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10 Trends You Can Expect from Healthcare in 2018
With 2017 almost in the rear-view mirror, it is time to look forward to 2018 and how healthcare will evolve in this year. The last year has been an eventful one for healthcare, from the uproar in healthcare regulations to potential mega-mergers. Needless to say, it’s a time of transition, and healthcare is in a very fluid state- evolving and expanding. There are certainly going to be new ways to keep healthcare providers and health IT pros stay engaged and excited, and here are our top 10
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BioSymetrics Launches Analytics Platform to Revolutionize AI in Biomedicine
BioSymetrics, Inc., a technology company that aims to transform data analytics for the biomedical industry, today announced the launch of its pre-processing and analytics platform, Augusta. Augusta is a proprietary technology that allows standardized processing and integration of multiple, diverse raw data types, facilitating rapid deployment of AI projects in precision medicine, drug discovery, and digital health data applications. Currently, Augusta provides over 150 modules for the processing
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Prognos Raises $20.5M For AI-Powered Disease Prediction Platform for Payers, Providers
Prognos, a New York City-based healthcare Artificial Intelligence (AI) startup that has been steadfastly building its AI capabilities with the goal of predicting disease has raised $20.5 million in Series C funding. Particpatnts in the round include Cigna, GIS Strategic Ventures (the venture capital arm of the Guardian Life Insurance Company), Hermed, Hikma Ventures, Maywic, Merck Global Health Innovation Fund (GHI), and Safeguard Scientifics.Prognos plans to use the funding to expand Prognos’
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Change Healthcare, Zebra Medical Vision Partner to Bring AI to Medical Imaging
Change Healthcare and Zebra Medical Vision today announced an agreement to create solutions that deliver artificial intelligence solutions to complex radiology reporting environments. Change Healthcare's proven radiology solutions, along with Zebra Medical Vision's algorithms, will benefit radiologists and other imaging specialists by improving the efficiency of routine tasks and the effectiveness of workflow in the radiologist reading environment.By working together on the pragmatic integration
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