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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant

Outpace Bio Secures $144M for AI-Powered Cell Therapy Platform

by Fred Pennic 08/01/2024 Leave a Comment

Outpace Bio Secures $144M for AI-Powered Cell Therapy Platform

What You Should Know:  - Outpace Bio, a pioneering cell therapy company raises $144M in oversubscribed Series B financing round led by RA Capital Management with participation from both new and existing investors, including Qatar Investment Authority, Surveyor Capital, Sheatree Capital, Black Opal Ventures, Alexandria Venture Investments, and several others. Outpace has now raised a total of approximately $200M to date. - Jake Simson, Partner at RA Capital Management, will join
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Ochsner Health to Deploy DeepScribe’s Ambient AI to 4700 Clinicians

by Fred Pennic 07/31/2024 Leave a Comment

Ochsner Health to Deploy DeepScribe’s Ambient AI to 4700 Clinicians

What You Should Know:  - Ochsner Health, a prominent healthcare provider in the Gulf South announced a strategic partnership with DeepScribe, a leader in ambient AI clinical documentation,  - The strategic collaboration will see DeepScribe's AI-powered technology implemented across Ochsner Health's network of 46 hospitals and 370 health and urgent care centers. Deploying Ambient AI Across Enterprise DeepScribe's technology automatically transcribes and documents patient
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AI Seen as Key Weapon Against Physician Burnout, Survey Finds

by Fred Pennic 07/31/2024 Leave a Comment

AI Seen as Key Weapon Against Physician Burnout, Survey Finds

What You Should Know:  - eClinicalWorks, a leading provider of cloud-based electronic health records (EHR) for ambulatory care, has released the results of a recent survey examining healthcare professionals' perceptions of artificial intelligence (AI) in the healthcare industry.  - The survey aimed to understand how AI-powered solutions can help address critical challenges like physician burnout, patient data management, and clinical documentation. Burnout Relief Through
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TytoCare Awarded FDA Clearance for AI Lung Sound Analysis

by Syed Hamza Sohail 07/31/2024 Leave a Comment

TytoCare Awarded FDA Clearance for AI Lung Sound Analysis

What You Should Know: -  TytoCare, a virtual care company enabling accessible, high-quality primary care from home, announced today that it has received an additional FDA clearance for a new AI-powered diagnostic capability, Tyto Insights for Crackle Detection. -       This capability, which is built on TytoCare’s database of lung sound recordings and driven by an innovative, AI-based algorithm, joins TytoCare’s existing suite of diagnostic tools, including
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Smith+Nephew and HOPCo Partner to Enhance Musculoskeletal Care

by Fred Pennic 07/31/2024 Leave a Comment

Smith+Nephew and HOPCo Partner to Enhance Musculoskeletal Care

What You Should Know:  - Smith+Nephew, a global leader in medical technology, has announced a strategic partnership with Healthcare Outcomes Performance Company (HOPCo), the world’s largest musculoskeletal (MSK) value-based care and outcomes management company. This collaboration aims to improve patient outcomes and efficiency in ambulatory surgery centers (ASCs) through the integration of advanced digital technologies. AI-powered Analytics for Musculoskeletal Procedures The
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AvaSure Acquires Ouva’s Smart Room Solutions to Enhance AI-Powered Virtual Care Platform

by Fred Pennic 07/29/2024 Leave a Comment

AvaSure Acquires Ouva’s Smart Room Solutions to Enhance AI-Powered Virtual Care Platform

What You Should Know:  - AvaSure, a provider of acute virtual care, announced today the acquisition of Ouva's smart room solutions. This strategic move aims to accelerate the development of AI-powered virtual care solutions for hospitals.  - By integrating Ouva's advanced AI capabilities into its Intelligent Virtual Care Platform, AvaSure will significantly expand its offerings and enhance patient care. Financial details of the acquisition were not disclosed.  Expanding
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Humana to Leverage Google Cloud’s GenAI Capabilities to Improve Member Experiences

by Fred Pennic 07/26/2024 Leave a Comment

WellSky Taps Google Cloud to Build Gen AI Tools for Providers

What You Should Know:  - Humana Inc. (NYSE: HUM) announced a strategic multi-year agreement with Google Cloud to accelerate healthcare innovation through advanced cloud infrastructure and AI capabilities. This expanded partnership builds upon an existing collaboration between Humana and Google Health, focused on population health and AI solutions. - While the financial terms of the agreement were not disclosed, the partnership underscores both companies' commitment to transforming
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CMS Establishes National Payment for AI Prostate Cancer Mapping

by Fred Pennic 07/26/2024 Leave a Comment

CMS Establishes National Payment for AI Prostate Cancer Mapping Technology

What You Should Know:  - Avenda Health, a pioneer in AI-powered prostate cancer care, announced today that the Centers for Medicare & Medicaid Services (CMS) has assigned a national payment rate for its prostate cancer mapping technology, Unfold AI.  - This significant development, alongside the establishment of a new Category III code by the American Medical Association (AMA), paves the way for broader adoption of Unfold AI and improved prostate cancer diagnosis and
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HHS Launches Reorganization, Renames ONC, Stronger Focus on AI, Cybersecurity, Data

by Fred Pennic 07/25/2024 Leave a Comment

HHS Launches Investigation of Change Healthcare Cybersecurity Attack

What You Should Know:  - The U.S. Department of Health and Human Services (HHS) announced a significant reorganization aimed at enhancing its capabilities in technology, cybersecurity, and artificial intelligence (AI).  - This strategic move is designed to address the growing complexities and opportunities within the healthcare and human services landscape. Key Changes and New Roles Historically, responsibilities for technology, data, and AI policy were dispersed across
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GE HealthCare & AWS to Develop Foundation Models & Generative AI Apps

by Fred Pennic 07/25/2024 Leave a Comment

GE HealthCare Inks $44M Contract with BARDA to Develop AI-Driven Ultrasound Tech

What You Should Know:  GE HealthCare (Nasdaq: GEHC) and Amazon Web Services (AWS) (Nasdaq: AMZN) announced a collaboration today, focused on developing next-generation artificial intelligence (AI) tools to transform healthcare delivery. This strategic partnership will leverage the power of generative AI to improve diagnoses, streamline workflows, and ultimately, enhance patient care. GE HealthCare Chooses AWS as Strategic Cloud Partner GE HealthCare has selected AWS as its
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