It’s a perfect storm of financial pressures facing healthcare provider organizations – from rising costs to labor shortages to constrained capacity – that stymies revenue growth. Growing challenges with payer payments only exacerbate these issues. According to a Kaufman Hall report, 73% of leaders surveyed said claims denials, which was the top revenue cycle issue in 2022, had increased in 2023.
The cost of denials is staggering. A recent data analysis revealed that providers spent nearly $20
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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant
Sword Health Secures $130M, Unveils AI Care Specialist “Phoenix”
What You Should Know:
- Sword Health, a pioneer in AI-powered healthcare delivery, announced a $130M financing round today bringing Sword's total funding to $340M and propelling the company's valuation to a staggering $3B– a 50% increase since its Series D round.
- This funding round, coupled with Sword's near-tripled revenue growth in the past year, unlocks exciting possibilities for the future. The company plans to leverage these resources to revolutionize healthcare delivery and
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Evolent Acquires Machinify’s AI-Driven Medical Authorization Solution
- Evolent Health, Inc. (NYSE: EVH), a leader in improving health outcomes for patients with complex conditions, announced today an agreement to acquire key assets from Machinify, including the exclusive license to their AI-powered platform, Machinify Auth.
- Additionally, certain Machinify employees will join Evolent. Both companies plan to establish a long-term services agreement to ensure smooth integration and ongoing platform development. This innovative technology aims to
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Philips Unveils AI Ultrasound Platform to Improve Cardiac Care
What You Should Know:
- Philips, a leader in health technology, today announced its next-generation AI-powered cardiovascular ultrasound platform.
- The new platform aims to revolutionize cardiac ultrasound analysis by leveraging artificial intelligence (AI) to improve efficiency and accuracy in echocardiography labs.
Addressing the Burden of Heart Disease:
Heart failure is a global health crisis, affecting an estimated 64 million people worldwide. This condition is
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Meta Llama 3 on NVIDIA Boosts Healthcare Innovation with Open-Source AI
What You Should Know:
- Meta's open-source large language model, Meta Llama 3, is making significant waves in the healthcare and life sciences sectors. This cutting-edge technology, trained and optimized using NVIDIA's accelerated computing, is empowering researchers, developers, and companies to create innovative applications aimed at improving patient lives.
- With Meta Llama 3's open-source accessibility and NVIDIA's powerful computing platform, the possibilities for AI-driven
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Mayo Clinic Taps UltraSight to Advance AI-Powered Ultrasound for Cardiac Care
What You Should Know:
- UltraSight, a leader in transforming cardiac imaging with artificial intelligence, announced a new collaboration with Mayo Clinic, a world-renowned medical center.
- UltraSight and Mayo Clinic will work together to develop algorithms for analyzing and interpreting cardiac ultrasound images captured using point-of-care ultrasound (PoCUS) devices. This collaboration seeks to create a comprehensive solution that provides decision support for healthcare
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Plenful Secures $17M to Scale AI-Powered Pharmacy Operations Tool
What You Should Know:
- Plenful, an AI workflow automation platform streamlining pharmacy and healthcare operations, today announced a $17M Series A round, increasing its total raised capital to more than $25 million.
- This milestone signifies a meaningful step forward in Plenful's mission to modernize pharmacy operations through
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Weave Bio Launches for AI-Powered Drug Development, Secures $10M
What You Should Know:
- Weave Bio, an AI-native life sciences platform company, announced today the public release of its flagship offering, AutoIND, and $10 million in seed funding co-led by Innovation Endeavors and Magnetic Ventures.
- AutoIND marks a significant advancement in drug development by automating and accelerating the preparation, writing, and review process for Investigational New Drug (IND) applications.
Automating the IND Process: A Game-Changer for Drug
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PathAI Unveils New AI-Powered Pathology Tools for Cancer Research
What You Should Know:
- PathAI, a global leader in AI-powered pathology, unveiled two novel AI products, PathExplore™ Immuno-Oncology Profiling (IOP) and IHC Explore1™ to empower cancer drug developers and clinical researchers with AI-powered insights.
- The product pairing provides unprecedented single-cell and spatial resolution of
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New AI Test Aims to Improve Breast Cancer Recurrence Prediction: COTA, PreciseDx, and Baptist Health South Florida Collaborate
What You Should Know:
- A collaborative effort between COTA, PreciseDx, and Baptist Health South Florida seeks to revolutionize breast cancer recurrence risk assessment with the PreciseBreast™ (PDxBr) test. This AI-powered tool holds promise for faster, more accurate, and more affordable risk prediction compared to current methods.
- By utilizing AI technology, PreciseBreast™ has the potential to offer patients a faster, more accurate, and more affordable way to assess their risk of
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