The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response. Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated. Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies.
By comparison, Q1 of 2020 saw $3.2 billion and 127 investments. Health IT
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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant
Philips, Ibex Medical Analytics Partner on AI-Powered Digital Pathology Adoption
What You Should Know:
- Philips and Ibex Medical Analytics announced a strategic partnership to globally commercialize clinically proven, AI-powered digital pathology solutions. The collaboration further cements Philips’ commitment to integrated diagnostics providing a clear path to precision diagnosis.
- The trend towards centralized pathology labs, the global shortage of trained pathologists, and increasing demands on histopathology posed by the growing number of cancer
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Carta Healthcare Raises $17.3M for AI-Assisted Data Abstraction
What You Should Know:
- Carta Healthcare, a provider of AI-powered clinical data abstraction technology and services, is pleased to announce a recent $17.3M Series A investment led by Storm Ventures. AI Digital Innovation Fund (affiliated with Mass General Brigham), CU Health Innovation Fund (affiliated with University of Colorado Anschutz Medical Campus), Asset Management Ventures, Maverick Ventures, Healthy Ventures, Waterline Ventures, Seven Peaks Ventures, Katalyst Ventures, and Atypical
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3 Barriers Stalling AI Adoption in Revenue Cycle Management
AI technology is quickly evolving and already surpassing human decision-making in certain instances; sometimes, in ways, we can’t explain. While many are alarmed by this, AI is producing some of the most effective and dramatic results in business today.
Adoption of AI in healthcare is growing, but there are still barriers to overcome
AI can be defined in many ways but, broadly, it is the ability of a machine to perform cognitive functions we associate with human minds, such as
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Komodo Health Secures $220M for Life Sciences Data Platform at $3.3B Valuation
What You Should Know:
- Komodo Health announces $220M Series E investment to advance its enterprise healthcare and life sciences platform. At a $3.3 billion valuation, the investment underscores the company's rapidly growing role as a foundational enterprise technology platform helping to drive digital transformation across the healthcare industry.
- Founded in 2014, Komodo Health’s Healthcare Map™ is the industry’s largest and most complete record of
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AI-Powered COVID-19 Solution Reduces Report Turnaround Times by 30%, Study Finds
What You Should Know:
- The Moscow Center for Diagnostics & Telemedicine found that the introduction of RADLogics’ AI-Powered solution into radiology workflow to analyze Chest-CT scans during the COVID-19 pandemic reduced report turnaround time by an average of 30 percent, which is equivalent to 7 minutes per case.
- The study was conducted over two separate phases with the first taking place between April 30, 2020 to June 18, 2020 and the second taking place between June 18, 2020 to
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Yale New Haven Health Deploys Virtual Clinic for Pediatric Patients with Diabetes
What You Should Know:
- After taking part in proving the clinical benefit of using AI-based decision support tools, as was recently published in Nature Medicine, Yale New Haven Health System and DreaMed Diabetes announced a collaboration that will explore what it would take to adopt such a solution into a real-world health system.
- As part of the collaboration, Yale New Haven will utilize DreaMed’s Advisor Pro platform to create a virtual clinic, this real-world evaluation will assess the
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Why A Smart Command Center Requires A Health Cloud Platform
Aviation, military, NASA, or even utilities like the New York Power Authority—almost all high-consequence, complex organizations have one thing in common: a command center. The concept of a command center or a ‘war room,’ or ‘air traffic control’ has been around for a while. Command centers help counter logistical challenges, enable cross-collaboration and guide decision-making with state-of-the-art technology and communications. With them it seems there is absolutely nothing that cannot be
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Moderna, IBM Partner on COVID-19 Vaccine Supply Chain & Distribution Data Sharing
What You Should Know:
- Moderna and IBM announced their intentions to explore technologies, including artificial intelligence, blockchain and hybrid cloud, that could help support smarter COVID-19 vaccine management. Central to the effort will be a pilot of open, standardized, technology-enabled vaccine distribution approaches aimed to improve supply chain visibility and foster near real-time tracking of vaccine administration.
- The goal of the partnership is to identify ways
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How Artificial Intelligence Is Making Senior Care More Human
When it comes to skilled nursing facilities (SNFs) in particular and long-term care in general, a human-centered and empathetic approach is not only necessary, it's obligatory. Putting the needs, constraints, and perspectives of patients first enhances the level of care we're able to provide.
Perhaps ironically, it is the integration and adaptation of artificial intelligence (AI) that has demonstrated the biggest potential in improving empathy and compassion in the industry.
It may
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