In an interview with HIT Consultant, Nathan Sommerford, Global Lead for Drug Discovery and Development, IQVIA talks how unlocking artificial intelligence (AI) in drug repurposing is transforming pharma and biotech companies.
What are some of the challenges and problems associated with drug discovery “from scratch”?
Nathan Sommerford, Global Lead for Drug Discovery and Development, IQVIA: In the traditional drug discovery and development paradigm, it can cost up to $1.8 billion and
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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant
Hippocratic AI Launches with $50M for Safety Large Language Model for Healthcare
What You Should Know:
Today, Hippocratic AI launched out of stealth to announce the first Large Language Model (LLM) designed specifically for healthcare, as well as a $50M seed round co-led by General Catalyst and Andreessen Horowitz.Co-founded by Munjal Shah and Meenesh Bhimani MD, Hippocratic AI is building the first LLM for healthcare, with an initial focus on non-diagnostic, patient-facing applications. It has outperformed existing language models (e.g. GPT-4) on 100+ healthcare tests
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Laguna Health Secures $15M for AI-Powered Contextual Care Management Platform
What You Should Know:
Laguna Health, a NYC-based AI-powered contextual care management platform raises $15M Series A funding co-led by SemperVirens and HC9 Ventures. The initial close brings Laguna’s total raise to date to over $21M.The company will use the funding to deepen its AI capabilities in the care management context and expand its go-to market.
Contextual Care Management, Powered by AI
35 million Americans are hospitalized annually, with at least two-thirds discharged to
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How AI Can Deliver Benefits in Healthcare Manufacturing and Patient Device Usage
According to Grand View Research, the global artificial intelligence (AI) in healthcare market size was valued at USD 15.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 37.5% from 2023 to 2030, to reach an estimated USD 208.2 billion. That’s an impressive growth rate, indicating the expected value delivery to a mostly early-phase adoption of AI in the healthcare marketplace. With such aggressive predicted growth, many health industry professionals may ask
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Roundups: HealthJoy Expands Partnership With Teladoc Health, Oura, Other Strategic Partnerships
Roundup summary of recent digital health strategic partnerships:
HealthJoy, Teladoc Health Launch Virtual Primary Care
HealthJoy, a benefits navigation platform that amplifies employer benefit strategies expands its partnership with Teladoc Health to introduce virtual primary care. HealthJoy Virtual Primary Care, powered by Teladoc Health, provides a fully integrated primary care experience that supports members throughout their entire healthcare journey. The solution will further
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KLAS: Capacity Optimization Management Performance 2023
What You Should Know:
Operational limitations—such as staffing shortages, variable patient flow, and poor visibility into resource availability—can make it difficult for healthcare organizations to effectively manage their capacity, leading to volatile workloads that see resources either under- or over-utilized. Some organizations are using capacity optimization management technology, which includes artificial intelligence (AI) and machine learning (ML), to collect data that can improve
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FWA Is Increasing. Healthcare Costs Are Spiraling. Now There’s A New Generation Of AI Technology To Take Back Control
In 2020, the Department of Justice estimated that fraudulent, wasteful, and abusive (FWA) billing practices account for more than $100 billion of the nation’s healthcare expenditures.1 Today, the National Healthcare Anti-Fraud Association (NHCAA) conservatively estimates that healthcare FWA costs the nation about $68 billion annually, representing 3% of the nation's $2.26 trillion in healthcare spending.2 FWA estimates from commercial health plans range as high as $230 billion annually, or
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Lucem Health Secures $7.7M for Agnostic AI-Powered Platform
What You Should Know:
Lucem Health, a Mayo Clinic Platform portfolio company, has closed a Series A venture capital funding round of $7.7M led by Mayo Clinic, Granger Management and Mercy (St Louis).Lucem Health helps clinical AI innovators transform data science into innovative, trusted solutions that can detect diseases earlier and optimize care delivery, positively impacting patient lives, improving the physician and provider experience, and ultimately producing improved
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Aegis Ventures, Northwell Launch Optain for AI-Powered Retinal Imaging
What You Should Know:
Today Ascertain, the partnership between Aegis Ventures and Northwell Holdings, announced a $12M seed funding round to launch its first company, Optain, an artificial intelligence (AI) company leveraging retinal imaging to non-invasively assess patient health.With this $12 million investment, Optain is the first company launched by Ascertain, Aegis Ventures and Northwell Holdings’ partnership to develop healthcare AI companies at scale.
AI Retinal Imaging to
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4 Keys to Modernizing Public Health Data Collection and Analysis
The COVID-19 pandemic shined a spotlight on the urgent need to modernize the nation’s public health system. Despite success in rapidly developing vaccines, the unprecedented public health emergency also exposed significant gaps in U.S. public health infectious disease data collection and analysis methods which are critical for identifying behavioral risk factors and preventive actions.
The Problem
Unfortunately, inefficiency remains a hallmark of the U.S. public health surveillance system
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