Since the beginning of the COVID-19 pandemic, key elements of hospital operations such as managing inpatient bed capacity, and access to ventilators and PPE have taken center stage. The general public got a crash course on what hospitals need in order to function successfully when disaster hits, and daily news and discussions were centered around ICU bed capacity as cases accelerated across the country.
The nightmarish predictions and reality led to the development of creative measures to
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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant
Medical AI Startup SegMed Nabs $2M to Aggregate Medical Data for Research
What You Should Know:
- Segmed emerges out of stealth and has
secured $2M in seed funding to empower medical AI efforts through easy access
to high-quality, structured and anonymized training data sets.
- The healthcare industry is amassing data at an unprecedented rate but unless this data is standardized, labeled, and curated for use by patients and clinicians, it is not beneficial.
- Segmed simplifies the process by
enabling AI developers to achieve faster development times,
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Brigham, Biofourmis Co-Develops Tech Solution to Enable Home Hospital Care
What You Should Know:
- Brigham is working with Biofourmis on a national
rollout of their co-developed technology solution, which has been refined and
scaled for use by other healthcare systems across the country seeking to
establish and execute similar home hospital programs to alleviate COVID-related
capacity issues and to receive 1:1 parity on payments from CMS.
- The Hospital@HomeTM platform provides a turnkey,
end-to-end ecosystem for any health system that wants to quickly launch
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Olive Hits $1.5B Valuation with Additional $225.5M Funding for AI-Powered Digital Employee Platform
What You Should Know:
- AI workforce management for healthcare provider Olive lands an additional $225.5M in funding, bringing the company’s valuation to $1.5B.
- This latest funding round will enable
Olive to accelerate product development, and the company plans to announce more
capabilities in 2021 to support the entire healthcare ecosystem.
Olive,
the company creating the AI workforce for healthcare, today
announced an additional $225.5M in financing led by Tiger Global
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Proscia Secures $23M for AI-Enabled Digital Pathology Solutions
What You Should Know:
- Proscia secures $23M in Series B
funding led by Scale Venture Partners for its AI-enabled digital pathology
solutions.
- Proscia will use the funding to expand its AI application portfolio, boost commercial expansion, and advance its regulatory strategy to secure FDA approval.
Proscia, a Philadelphia-based provider of digital and
computational pathology solutions, today announced it has secured $23M in
Series B funding led by Scale
Venture
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Zebra Medical Vision to Co-Develop AI-Based Models for Osteoporosis Early Detection & Prevention
What You Should Know:
- Zebra Medical Vision, the deep-learning medical imaging analytics company, and Scottish digital transformation consultancy Storm ID were chosen to co-develop new AI-based osteoporosis prevention solutions under EUREKA intergovernmental network.
- The UK-Israel research and development grant will be
co-developed with clinical teams from NHS Greater Glasgow and Clyde and Assuta
Medical Centers in Israel.
Scottish digital transformation
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GE Healthcare Unveils First X-Ray AI Algorithm to Assess ETT Placement for COVID-19 Patients
What You Should Know:
- GE Healthcare announced a new artificial intelligence
(AI) algorithm to help clinicians assess Endotracheal Tube (ETT) placements, a
necessary and important step when ventilating critically ill COVID-19 patients.
- The AI solution is one of five included in GE Healthcare’s Critical Care Suite 2.0, an industry-first collection of AI algorithms embedded on a mobile x-ray device for automated measurements, case prioritization, and quality control.
GE Healthcare
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SPAC Merges with 2 Telehealth Companies to Form Public Digital Health Company in $1.35B Deal
What You Should Know:
- GigCapital2 Inc has agreed to merge with UpHealth Holdings Inc and Cloudbreak Health LLC to create a public digital healthcare company valued at $1.35 billion, including debt, the blankcheck acquisition company said on Monday.
- The combined company will be named UpHealth, Inc. and
will continue to be listed on the NYSE under the new ticker symbol “UPH”.
Blank check acquisition
company GigCapital2 agreed to merge
with Cloudbreak Health, LLC, a unified
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AliveCor Receives FDA Clearance of Next-Gen EKG Algorithms
What You Should Know:
- AliveCor announced they received FDA clearance of new
algorithms for use with their personal EKG devices, KardiaMobile and
KardiaMobile 6L. These additional determinations will be available via a
software upgrade for the Kardia devices in 2021.
- The additional FDA-cleared algorithms double the number
of heart rhythm disturbances that AliveCor’s Kardia devices can detect,
broadening the number of patients who are able to use their remote
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Hospital Sustainability Demands that Revenue Integrity Move Front and Center
Razor-thin operational margins coupled with substantial and ongoing losses related to COVID-19 are culminating in a perfect storm of bottom-line issues for U.S. hospitals and health systems. A study commissioned by the American Hospital Association (AHA) found that the median hospital margin overall was just 3.5% pre-pandemic, and projected margins will stay in the red for at least half of the nation’s hospitals for the remainder of 2020.
The reality is that an increase in
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