Whilst growth in the overall digital pathology AI market is set to scale quickly, cannibalization and consolidation are expected to create headwinds for individual AI vendors. How do investors know where their money is safest?
The recent abundance of digital pathology (DP) media coverage can make it hard to remember that not too long ago, this was a market perpetually ‘lagging’ versus other digital healthcare sectors. And whilst growth has now firmly shifted to its ‘log’ phase, there are
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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant
FDA Grants Clearance for UltraSight’s AI Cardiac Ultrasound
What You Should Know:
UltraSight, a digital health pioneer transforming cardiac imaging through the power of artificial intelligence, announced that it has been granted FDA clearance for its AI-powered ultrasound guidance technology. The UltraSight real-time AI guidance software can assist medical professionals without sonography experience in acquiring cardiac ultrasound images at the point of care in multiple settings, allowing for more widespread detection of heart disease and
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RapidAI Secures $75M for AI-Driven Stroke Care Solutions
What You Should Know:
- RapidAI, a San Mateo, CA-based digital health company developing artificial intelligence (AI) and technology workflow solutions to combat life-threatening neurovascular, cardiac and vascular diseases, today announced $75 million in Series C funding led by Vista Credit Partners, a subsidiary of Vista Equity Partners and strategic financing partner focused on the enterprise software, data and technology markets.
- The funding aims to drive platform
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AWS Launches Generative AI Solution That Auto Generates Clinical Notes
What You Should Know:
Amazon Web Services, Inc. (AWS) launches AWS HealthScribe, a new HIPAA-eligible service that empowers healthcare software providers to build clinical applications that use speech recognition and generative AI to save clinicians time by generating clinical documentation. With AWS HealthScribe, healthcare software providers can use a single API to automatically create robust transcripts, extract key details (e.g., medical terms and medications), and create
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How Generative AI Can Transform Healthcare Contact Centers
Generative artificial intelligence (AI) arguably is the hottest topic today in the world of business and technology. With the ability to create content such as text, images, audio, and video, generative AI algorithms are being tested for use cases in marketing, finance, education, and healthcare.
ChatGPT and other generative AI platforms have tremendous potential to transform healthcare and other industries. But the current inherent limitations of generative AI introduce compliance and
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Generative AI Can Transform Public Health, but Guardrails by Design Needed
What You Should Know:
- The next generation of ethical generative artificial intelligence (GenAI) provides new hope to transform public health; however, advances in technology must never come at the cost of patient rights, according to a recent webinar.
- The insights were the consensus amongst top African and American health AI experts who participated in a recent webinar about the impact of GenAI on healthcare hosted by Vantage Health Technology, a social enterprise focussed on
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Aevice Health Secures FDA Clearance for Smart Stethoscope Wearable for Respiratory Monitoring
What You Should Know:
- Aevice Health, a Singapore-based provider of remote respiratory monitoring solutions today announced that its AI-powered, smart stethoscope wearable, the AeviceMD, has received clearance from the U.S. Food and Drug Administration (FDA) as a Class II medical device under the 510(k) route.
- This clearance empowers the company to market and provide their novel remote monitoring platform to health systems across the country, expanding access to a
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Teladoc Health & Microsoft Expands Generative AI Integration
What You Should Know:
- Teladoc Health today announced an integration expansion with Microsoft, leveraging AI to help minimize administrative burden and identify potential hazards.
- The integrated solutions will enhance the power of our Solo platform for hospitals and health systems to better support the clinical workforce. These innovations powered by Microsoft AI tools will minimize administrative burden by automating clinical documentation during virtual and in-patient care.
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Ensuring Healthcare AI/ML Models Aren’t “Failed Science Fair Projects”
Artificial Intelligence has become a board-level priority, dominating healthcare technology conversations. However, despite widespread interest in the technology, the healthcare industry is still lagging when it comes to deploying and maintaining successful AI and machine learning (ML) models.
According to a survey by the Society of Actuaries, 93% of healthcare organizations (HCOs) believe leveraging predictive analytics is key to the future of their business, but a staggering
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Chatbot Care Managers? ACOs Should Be Cautious in AI Adoption
Given Artificial Intelligence’s potential to improve patient care and reduce costs, it’s no surprise that AI applications are gaining momentum in health care. As your organization explores the benefits of AI in your journey towards Value-Based Care, however, you need to carefully assess the implications, for better and worse.
Evaluating AI implications can be tricky. Healthcare AI varies widely, with clinical technology paving the way for advancements in diagnostics and treatment. But
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