Enterprise-level healthcare is a massive business sector with seemingly infinite moving parts. With patients’ lives at stake, liability is huge, leaving little room for error. Yet human error is common in healthcare, and minor mistakes can cost millions in legal fees and lawsuits, not to mention risks to patient health. Healthcare enterprises are quickly embracing artificial intelligence solutions to mitigate loss, streamline operations, improve efficiency, and enhance customer
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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant
Exploring The Value of Metaverse Use Cases in Life Sciences
What once seemed like science fiction, interacting with people across the world has become the new normal. While we have become increasingly accustomed to video calls and instant communication in recent years, forays into virtual worlds and extended realities are still relatively novel. In a post-Covid world, it seems strange to think that video conferences and calls were not the norm only three years ago. But the value created by virtual interactions during the last several years has
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Key Challenges and Solutions to Enhance the Post-Procedure Experience
What You Should Know: - Abbott today released the latest installment in the company’s multi-year Beyond Intervention series of global healthcare market research designed to uncover challenges that arise within the patient journey of people living with cardiovascular disease and to identify opportunities for patient care improvement. - The latest report stems from a survey of more than 2,000 patients, physicians and healthcare leaders, and reveals
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Survey Reveals Accelerating Use of AI to Overcome Workforce Challenges
What You Should Know: - Given the severity of labor shortages and staffing constraints facing health systems nationwide, C-suite executives are turning to artificial intelligence (AI) to fill gaps and improve productivity, according to a recent survey conducted by The Health Management Academy (The Academy) with support from Outbound AI. - Almost half of executives (47.5%) report their health system is currently using AI solutions for the workforce, while all others
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Vital Secures $24.7M for AI-Driven Solutions for Hospitals, Health Systems
What You Should Know: - Vital, an artificial intelligence (AI)-driven digital health company improving the patient experience, today announced that it has raised $24.7M in Series B funding to fuel expansion and support the rapid growth of its modern software. The investment round led by Transformation Capital, with support from Threshold Ventures, strategic health system investors and Vital CEO / Mint.com creator Aaron Patzer, brings Vital’s total funding to over
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Ribbon Health Enables Access to Provider Appointment Booking, Eliminating Barriers to Care
What You Should Know: - Ribbon Health (Ribbon), a leader in healthcare provider data technology and management launches new platform features that will increase access to care through provider scheduling. - Enabled by partnerships with leading booking marketplaces, these new platform capabilities empower patients to easily search for providers that both fit their needs and are accepting new patients, and book appointments with those providers for high-quality care across primary,
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Artera Launches with $90M for Multimodal AI, Predictive Cancer Tests
What You Should Know: - Artera, the developer of multimodal artificial intelligence-based predictive and prognostic cancer tests, launches publicly today with $90M in funding. - The investment comes from a syndicate of prominent tech and healthcare investors, comprised of seven institutions (Coatue, Johnson & Johnson, Koch Disruptive Technologies, Walden Catalyst Ventures, TIME Ventures, Breyer Capital, The Factory) and 11 angel investors (Marc Benioff, Jim Breyer, Lip-Bu Tan, Chris
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Healthcare in Denial: The State of Claims in 2023
How do you solve a persistent and growing problem like claims denials? It’s been a hot topic for revenue cycle management professionals for years that’s only getting hotter with the increasing pressures of staffing shortages, challenges with staff turnover and training and ever-changing policies and protocols at the government and payer levels. On the macro-economic level, denials contribute mightily to the growing problem of uncompensated care in America, currently estimated at $43
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NVIDIA Unveils Generative AI Service to Advance Life Sciences R&D
What You Should Know: - NVIDIA today announced an expanded set of generative AI cloud services for customizing AI foundation models to accelerate the creation of new proteins and therapeutics, as well as research in the fields of genomics, chemistry, biology and molecular dynamics. - Part of NVIDIA AI Foundations, the new BioNeMo™ Cloud service offering — for both AI model training and inference — accelerates the most time-consuming and costly stages of drug discovery. It
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Nuance and Microsoft Launches AI-Automated Clinical Documentation App
What You Should Know: - Nuance Communications and Microsoft launches DAX Express, a workflow-integrated, fully automated clinical documentation application and the first to combine proven conversational and ambient AI with the newest and most capable generative AI technology, GPT4. - DAX Express creates draft clinical notes automatically and securely in seconds from exam room or telehealth patient conversations for immediate clinical review after each
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