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

Zephyr AI Secures $111M to Democratize Precision Medicine with Explainable AI

by Fred Pennic 03/14/2024 Leave a Comment

Zephyr AI Secures $111M to Democratize Precision Medicine with Explainable AI

What You Should Know: - Zephyr AI, a healthcare technology company pioneering explainable AI (XAI) for precision medicine, raises $111M in Series A round led by Revolution Growth, Eli Lilly & Company, Jeff Skoll, and EPIQ Capital Group. - The company plans to use this round of funding to refine its technology to fortify its extensive collection of training and validation datasets, crucial for robust AI models, deliver results even faster, and expand its scientific and commercial
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Nursing Report Reveals Generational Divide on Nursing’s Future, Amidst Staffing Shortages

by Fred Pennic 03/14/2024 Leave a Comment

Nursing Report Reveals Generational Divide on Nursing's Future, Amidst Staffing Shortages

What You Should Know: - Incredible Health, the leading healthcare career marketplace, released its 5th Annual State of US Nursing Report today.  The report, based on data from one million nurses and a survey of over 3,300, offers a comprehensive look at the state of nursing in the United States. - The report underscores the need for solutions to address staffing shortages, improve compensation, and enhance nurse safety and well-being.  Collaboration between healthcare systems,
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HiLabs Secures $39M to Tackle Dirty Healthcare Data with AI

by Syed Hamza Sohail 03/14/2024 Leave a Comment

HiLabs Raises $39M for AI-Powered Solutions for Health Plans

What You Should Know: HiLabs, a leading provider of AI-powered solutions to manage dirty data, unlocking its hidden potential for healthcare transformation, today announced a $39 million Series B financing.The round was led by Denali Growth Partners and Eight Roads Ventures, with participation from F-Prime Capital. The capital raise follows rapid customer adoption of its healthcare data ingestion, cleansing, and enrichment platform, MCheck™, and will support continued enhancement of the
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AKASA Unveils Gen AI Assistant, Cuts Prior Authorization Time by 50%

by Fred Pennic 03/14/2024 Leave a Comment

AKASA Unveils Gen AI Assistant, Cuts Prior Authorization Time by 50%

What You Should Know: - AKASA, a leader in generative AI (GenAI) solutions for the revenue cycle, today announced the launch of Authorization Advisor™. - Authorization Advisor tackles the time-consuming and error-prone process of prior authorization, a major pain point for healthcare providers. Prior Authorization Made Easy with AI Prior authorization, a process requiring approval from insurers before delivering certain services, is a significant burden for healthcare providers. It
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Assort Health Secures $3.5M for Generative AI Solution for Healthcare Call Centers

by Syed Hamza Sohail 03/14/2024 Leave a Comment

Assort Health Secures $3.5M for Generative AI Solution for Healthcare Call Centers

What You Should Know:  Assort Health is introducing the first generative AI solution built specifically for healthcare call centers, promising to erase that dreaded hold music forever.The company is announcing $3.5 million in funding, which will be used to continue scaling the team to meet rapidly accelerating demand with large healthcare organizations. Revolutionizing Healthcare Communication: Assort Health's AI-Powered Patient Call Automation Matt Humphrey, Partner at Quiet
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AI Assistant Reduces Clinician Burnout at Children’s Hospital of Los Angeles

by Syed Hamza Sohail 03/14/2024 Leave a Comment

AI Assistant Reduces Clinician Burnout at Children’s Hospital of Los Angeles

What You Should Know: Nabla, the company developing Nabla Copilot, the leading ambient AI assistant for clinicians, today announced it has partnered with Children’s Hospital Los Angeles (CHLA) to roll out Nabla Copilot to their pediatric specialists after a successful four-week pilot program.Nabla closely collaborated with CHLA’s clinical team to tailor specific capabilities, ensuring that Copilot effectively met the unique requirements of pediatrics in a hospital
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Healthcare Hiring Crisis: AI and Automation Emerge as Lifelines in 2024

by Jasmine Pennic 03/14/2024 Leave a Comment

Healthcare Hiring Crisis: AI and Automation Emerge as Lifelines in 2024

What You Should Know: -  A new report by GoodTime sheds light on how the industry is leveraging technology to combat this critical challenge. The U.S. healthcare system faces a looming workforce shortage, with a projected deficit of nearly 200,000 nurses by 2031. - The 2024 GoodTime Hiring report offers a valuable glimpse into the current state of healthcare hiring. As the industry grapples with workforce shortages, AI and automation are emerging as lifelines, allowing healthcare
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Northwell Health Achieves $1M in Savings with Laudio’s AI Platform

by Syed Hamza Sohail 03/13/2024 Leave a Comment

Northwell Health Expands Use of Laudio's AI Platform to Empower Frontline Leaders System-Wide

What You Should Know: Laudio, an innovator in frontline leader solutions that drive efficiency and engagement for health systems, today announced a system-wide expansion with Northwell Health, New York State’s largest healthcare provider.The expansion follows Northwell Health’s successful initial implementation of Laudio’s AI-enhanced platform for frontline leaders at the Peconic Bay Medical Center last year. Revolutionizing Frontline Leadership and Nurse Retention in Healthcare  The
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HIMSS24: Google Cloud Unveils New Generative AI Solutions for Healthcare and Life Sciences

by Fred Pennic 03/12/2024 Leave a Comment

HIMSS24: Google Cloud Unveils New Generative AI Solutions for Healthcare and Life Sciences

What You Should Know: - At HIMSS24, Google Cloud announced a suite of new generative AI solutions designed to address key challenges faced by healthcare and life sciences organizations. - These solutions focus on improving interoperability, building a strong data foundation, and deploying generative AI (gen AI) tools to enhance patient outcomes. Unlocking Gen AI to Improve Healthcare Efficiency The healthcare industry is grappling with rising administrative costs, clinician burnout,
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HIMSS24: CodaMetrix Secures $40M for AI-Driven Medical Coding Solutions

by Fred Pennic 03/12/2024 Leave a Comment

CodaMetrix Secures $40M for AI-Driven Medical Coding Solutions

What You Should Know: - CodaMetrix, a provider of artificial intelligence (AI) solutions for healthcare revenue cycle management, has announced the successful closing of its $40 million Series B funding round led by Transformation Capital with participation from existing investors SignalFire, Series A lead, and Frist Cressey Ventures. - The Series B funding round will fuel further development of CodaMetrix's AI-powered platform, designed to streamline medical coding, improve data quality,
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