What You Should Know:
What You Should Know:
Carta Healthcare®, a company whose mission is to improve patient care by harnessing the value of clinical data, announced today the final closing of its $25 million series B financing, thanks to additional investments from leading health systems Memorial Hermann Health System and UnityPoint Health.These additional investments follow the initial $20 million series B financing announced in November 2022, which included investors such
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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant
Wolters Kluwer Health Acquires AI Drug Diversion Detection Company Invistics
What You Should Know:
Wolters Kluwer Health today announced the acquisition of Invistics Corporation (Invistics), a U.S.-based provider of cloud-based, AI-enabled software for drug diversion detection and controlled substance compliance. Invistics will join the company’s Clinical Surveillance, Compliance & Data Solutions unit, part of Clinical Solutions. Financial details of the acquisition were not disclosed. Invistics’ solution, Flowlytics, uses predictive analytics to detect
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NYU, NVIDIA Collaborate on Large Language Model to Predict Patient Readmission
What You Should Know:
Researchers at NYU Langone Health, the academic medical center of New York University, have collaborated with NVIDIA experts to develop a large language model (LLM) that predicts a patient’s risk of 30-day readmission, as well as other clinical outcomes.
The LLM was deployed in the healthcare system’s six inpatient facilities, the NYUTron model — featured today in the scientific journal Nature that will provide doctors with AI-driven insights that could help
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Too Many Chatbots? What Is The Right Mix of AI/Human Interactions?
Pharmaceutical companies across the globe are currently investing in artificial intelligence (AI) to overcome challenges surrounding the support of inquiries from healthcare professionals (HCPs). In fact, according to an Informa study, 58% of life science experts believe that advanced AI agents have the potential to deliver HCP engagement experiences comparable to human experts. Blending humans and AI agents help to address rising expectations and demand for constant multichannel access to
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LeanTaaS Launches Generative AI Hospital Operations Solution
What You Should Know:
LeanTaaS, Inc., the market leader in providing AI-powered and SaaS-based capacity management, staffing, and patient flow software for health systems, today announced the launch of iQueue Autopilot, a first-of-its-kind generative AI solution that will provide hospital leaders with human-like conversations and actionable insights to support decision-making on staffing, scheduling, workflow, and utilization operations.Generative AI is projected to grow faster in
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Hyro Secures $20M to Expand Generative/Conversational AI Platform
What You Should Know:
Hyro, the leader in plug-and-play conversational artificial intelligence (AI), today announced that it has finalized a $20 million Series B funding round led by Macquarie Capital, with participation from Liberty Mutual Strategic Ventures, Black Opal Ventures, and existing and new investors, bringing the company’s total funding to $35 million.With this capital raise, Hyro will continue to meet the healthcare sector’s critical demand for conversational AI and automation,
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AI in Drug Discovery Market to Reach $4B by 2027
What You Should Know:
The AI in Drug Discovery market in terms of revenue was estimated to be worth $600M in 2022 and is poised to reach $4B by 2027, growing at a CAGR of 45.7% from 2022 to 2027 according to a new report published by MarketsandMarkets™. The report cites the growing need to curb the drug discovery cost & reduce the overall time taken in this process, the rising adoption of cloud-based applications and services, and the impending patent expiry of blockbuster
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DiagnaMed Launches Generative AI Brain Health Solution
What You Should Know:
DiagnaMed, a generative AI healthcare solutions company launches PalGPT.ai, a generative AI brain health solution powered by OpenAI's ChatGPT for people seeking an AI companion to have meaningful private conversations, friendly advice and share inner thoughts.PalGPT.ai is the Company’s second commercial product from its Health GenAI division, which is focused on the development and commercialization of a suite of generative AI ready-made and customizable applications to
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UNC Health to Pilot Epic, Microsoft’s Generative AI Tool
What You Should Know:
UNC Health will participate as early adopters of Generative AI (Artificial Intelligence) tools through a program with Epic. It will be one of the initial few healthcare systems nationwide to do so.Epic and Microsoft announced a partnership in April to develop and integrate Large Language Models into Epic’s software.
Building Strong Foundational IT Systems
“We are incredibly excited that UNC Health’s work to build strong foundational IT systems and our existing
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AI Can Eliminate Surprise Bills, Improve Payment Integrity
Anyone who receives a hospital, medical imaging, or outpatient surgery bill is usually surprised at the cost.
No matter the cost, how do they know the bill is correct? They don’t.
Incorrect medical bills have become so prevalent that organizations have started applying technologies like artificial intelligence (AI) and machine learning to reduce drastically high healthcare costs.
Consider what organizations as diverse as the Office of the Inspector General, Harvard
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