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

Fabric Raises $60M to Automate Healthcare with AI-powered Care Enablement System

by Fred Pennic 02/21/2024 Leave a Comment

Fabric Raises $60M to Automate Healthcare with AI-powered Care Enablement System

What You Should Know: - Fabric, a leading care enablement platform developer, announced today a $60 million Series A funding round led by General Catalyst, with continued participation from Thrive Capital, GV (Google Ventures), and other notable investors. - The funding will be used to fuel Fabric's mission to humanize healthcare by automating administrative and clinical tasks, empowering both patients and clinicians. Addressing Crisis-Level Clinician Burnout With provider burnout at
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UnityAI Secures $4M for AI-Powered Patient Flow Optimization

by Fred Pennic 02/21/2024 Leave a Comment

UnityAI Secures $4M for AI-Powered Patient Flow Optimization

What You Should Know: - UnityAI, a healthcare technology startup, announced today the successful closure of its seed funding round, raising $4M led by Max Ventures, with participation from Whistler Capital Partners, Nashville Capital Network, Company Ventures, and individual healthcare angels.  - The funding fuels the company's mission to transform hospital operations through AI-powered patient flow optimization. Founded by Healthcare Experts, Focused on Patient Care UnityAI is
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Maverick AI and ImagineSoftware Partner to Automate Medical Coding with Gen AI

by Jasmine Pennic 02/20/2024 Leave a Comment

Maverick AI and ImagineSoftware Partner to Automate Medical Coding with Gen AI

What You Should Know: - Maverick Medical AI ("Maverick"), a provider of an autonomous AI-powered medical coding platform, today announced a strategic partnership with ImagineSoftware, a provider of revenue cycle management (RCM) technology in the United States. - The strategic partnership aims to automate the coding process, maximize revenue recovery, and optimize workflows for healthcare providers nationwide. The Challenge: Manual Coding in a Digital Age The healthcare industry
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Authenticx Unveils Generative AI Solution for Customer Insights

by Jasmine Pennic 02/20/2024 Leave a Comment

Authenticx Unveils Generative AI Solution for Customer Insights

What You Should Know: - Authenticx, the leading platform for analyzing healthcare customer conversations, has unveiled a groundbreaking generative AI (GenAI) solution. - By leveraging Authenticx’s GenAI solution, healthcare organizations can gain a deeper understanding of their patients' needs, improve communication, and ultimately deliver a more positive and effective experience. Harnessing the Power of Customer Conversations Authenticx's AI platform already excels at structuring,
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Siftwell Analytics Secures $5.8M for AI-Powered Community Health Plan Analytics

by Fred Pennic 02/20/2024 Leave a Comment

Siftwell Analytics Secures $5.8M for AI-Powered Community Health Plan Analytics

What You Should Know: - Siftwell Analytics, a healthcare technology company founded by industry veterans, announced today the successful closing of its seed funding round totaling $5.8M. - This significant investment, led by AlleyCorp, Arkin Digital Health, Tau Ventures, and The Charlotte Fund, underscores the growing demand for Siftwell's innovative approach to population health management. Empowering Community-Oriented Organizations with Explainable AI Co-founded in 2022 by Trey
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Anatomy Launches AI-Powered Financial Automation for Healthcare Orgs

by Syed Hamza Sohail 02/16/2024 Leave a Comment

Anatomy Launches AI-Powered Financial Automation for Healthcare Orgs

What You Should Know: Anatomy Financial announces the launch of their AI-powered financial automation solutions for medical, dental, digital health, and healthcare billing companies.Anatomy has raised $7.6M in funding to build a financial operating system for healthcare from Lightspeed, Meridian Street Capital, Live Oak Ventures, Cambrian Ventures, Peterson Ventures, and angel investors with expertise across healthcare and fintech. Streamlining Healthcare Finance: Anatomy's Automated
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CitiusTech Launches Generative AI Quality & Trust Solution

by Jasmine Pennic 02/16/2024 Leave a Comment

Bain Capital PE Makes Strategic Investment in CitiusTech

What You Should Know: - CitiusTech, a healthcare technology provider, has unveiled a groundbreaking solution to address the reliability, quality, and trust concerns surrounding Generative AI (Gen AI) in healthcare. - This industry-first offering aims to empower healthcare organizations to confidently adopt and scale Gen AI applications, unlocking their transformative potential. Gen AI Quality & Trust Solution Over 80% of Gen AI projects face delays due to lack of trust in their
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Health Systems Grapple with AI Governance: Balancing Promise and Risk

by Fred Pennic 02/15/2024 Leave a Comment

Health Systems Grapple with AI Governance: Balancing Promise and Risk

What You Should Know: - Despite the increasing adoption of artificial intelligence (AI) in healthcare, a new survey reveals that very few health systems have formal policies in place to govern its use, particularly for generative AI. In addition, 70% of executives plan to adopt AI solutions through EHR vendors for easier integration. - The Center for Connected Medicine's full report, "How Health Systems are Navigating the Complexities of AI," offers a deeper dive into the survey findings
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RapidClaims Emerges from Stealth with $3.1M to Tackle Healthcare Claim Denials with AI

by Fred Pennic 02/15/2024 Leave a Comment

RapidClaims Emerges from Stealth with $3.1M to Tackle Healthcare Claim Denials with AI

What You Should Know: - RapidClaims, a healthcare technology startup focused on automating medical coding and reducing claim denials, has officially exited stealth mode after securing a $3.1M seed funding round. The seed round was led by Together Fund, a $250 million global SaaS fund, with participation from Better Capital, Neon Fund, Peercheque, DeVC with angels and advisors coming from prominent US healthcare organizations including Oscar Benavidez (Executive Director, Mass General), Ankit
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WellSpan Health Taps Biofourmis to Expand Hospital-at-Home Program

by Jasmine Pennic 02/15/2024 Leave a Comment

WellSpan Health Taps Biofourmis to Expand Hospital-at-Home Program

What You Should Know: - WellSpan Health, a technologically advanced healthcare system, has partnered with Biofourmis to expand its award-winning hospital-at-home program. - The strategic collaboration will leverage Biofourmis' remote patient management platform to streamline care delivery, improve patient outcomes, and reduce readmission rates. Partnership Details WellSpan currently manages one of the largest hospital-at-home programs in the U.S., caring for over 400 patients
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