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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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant
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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3 Steps to Unlock the True Potential of AI for Health Leaders
The AI buzz is not subsiding, making headlines across industries. In his summary article about the 2024 HIMSS conference, Chilmark Research’s John Moore III noted, “Good luck trying to get noticed for anything other than AI or cybersecurity (in the wake of the Change Healthcare breach).” One of Moore’s key takeaways was the consensus among attendees that while all the new AI use cases may be compelling, there is still concern about their readiness for broader deployment.
Yet, AI is
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