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

Pediatric Associates Selects Innovaccer’s AI Platform to Enhance Quality of Care for 1.5 Million Patients

by Fred Pennic 06/07/2024 Leave a Comment

Kaiser Permanente to Deploy Innovaccer’s Healthcare AI Platform

What You Should Know:  - Pediatrics Associates, the leading private pediatric primary care group in the US, has partnered with Innovaccer Inc., a leader in healthcare artificial intelligence (AI).  - The collaboration aims to leverage AI and data analytics to improve the quality of care for Pediatrics Associates' over 1.5 million patients across 7 states. Focus on Value-Based Care and Population Health Pediatrics Associates prioritizes delivering comprehensive medical care
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Mediktor Acquires Conversational AI Platform Sensely To Enhance Global Footprint

by Fred Pennic 06/05/2024 Leave a Comment

Mediktor Acquires Conversational AI Platform Sensely To Enhance Global Footprint

What You Should Know:  - Mediktor, a provider of AI-powered healthcare solutions, announced today the acquisition of Sensely, a San Francisco-based innovator in conversational AI for patient engagement.  - The strategic acquisition strengthens Mediktor's global footprint, broadens its technology portfolio, and positions the combined entity as a major player in the AI-driven healthcare market. Combining Expertise for Enhanced Patient Engagement Mediktor's established AI
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How AI Can Increase the Success of Clinical Denials Appeals

by Steve Albert, EVP and Chief Product Officer, R1 06/05/2024 Leave a Comment

How AI Can Increase the Success of Clinical Denials Appeals

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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Sword Health Secures $130M, Unveils AI Care Specialist “Phoenix”

by Fred Pennic 06/04/2024 Leave a Comment

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

by Fred Pennic 06/04/2024 Leave a Comment

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

by Fred Pennic 06/04/2024 Leave a Comment

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

by Jasmine Pennic 06/04/2024 Leave a Comment

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

by Fred Pennic 06/03/2024 Leave a Comment

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

by Syed Hamza Sohail 05/30/2024 Leave a Comment

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

by Fred Pennic 05/30/2024 Leave a Comment

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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