According to a recent report, the market for artificial intelligence in healthcare was worth over $600 million in 2014. By 2021, this figure is expected to rise by 11 times to $6.6 billion. Healthcare is widely regarded as one of the premier industries destined for AI-led transformation. The reasoning is simple: AI is widely prescribed as an antidote for healthcare’s high costs and an enabler for better health outcomes and experiences.However, the industry has been slow to realize the
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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant
Why Did the Global Digital Health Market Strengthen During Q4 2017?
Healthcare innovation consultancy Enspektos, LLC, today released the latest edition of its quarterly study, digihealth impact trac. The report focuses on key Q4 2017 market themes and previews five digital health trends that will matter in 2018. The research reveals that telemedicine is having a far-reaching impact as adoption surges globally. Most importantly, telemedicine solutions are delivering economic benefits and re-shaping the patient-physician relationship, as clinicians learn what it
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drchrono, Nimblr Partner to Automate Two-Way Texting for Patients and Practices
Mobile EHR provider drchrono, today announced a new partnership with Nimblr, developers of Holly, an Artificial Intelligence (AI) assistant who automates healthcare appointments in sync with a practice’s practice management platform.Holly is the first AI virtual assistant focused on front desk tasks for a physician’s practice, and through its integration with drchrono, will give healthcare providers using the practice management platform two-way conversational texting between practices and its
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M3DICINE Launches World’s First FDA-Cleared AI-Enabled Stethoscope System
M3DICINE Inc, designers of intelligent medical devices has announced the launch of Stethee, the world’s first AI enabled stethoscope system. With a revolutionary new design that works as easily as a traditional stethoscope, the Stethee family of products allows users to listen to heart and lungs sounds with sophisticated amplification and filtering technology and to instantly capture and analyze heart and lung sounds and data via Bluetooth to the Stethee iOS or Android App providing a whole new
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Protenus Lands $11M to Expand AI-Driven Compliance Analytics Platform
Baltimore, MD-based Protenus, a provider healthcare compliance anlaytics has raised $11 million in Series B funding co-led by F-Prime Capital Partners and Kaiser Permanente Ventures, with participation from Arthur Ventures, Lionbird Venture Capital, and Cognosante Ventures. The company plans to use the funding to accelerate sales and customer support hiring, as well as R&D to expand platform capabilities.Founded in 2014, the Protenus platform makes an analytical assessment of every digital
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Paging Dr. Siri: How AI-Integrated Digital Health Could One Day Diagnose Your Melanoma
Alexa is surging. An upgraded Siri and Samsung’s upcoming Bixby may soon compete in the home. Google is successfully catching up.Today’s virtual assistants make it feel like Artificial Intelligence (AI) is more pervasive than ever. And it is – with some substantial caveats. These agents are all powered by a combination of machine learning software and behavioral algorithms. Their “learning” is based on finding patterns in data, then (a) adjusting themselves by applying lessons learned to newly
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10 Trends You Can Expect from Healthcare in 2018
With 2017 almost in the rear-view mirror, it is time to look forward to 2018 and how healthcare will evolve in this year. The last year has been an eventful one for healthcare, from the uproar in healthcare regulations to potential mega-mergers. Needless to say, it’s a time of transition, and healthcare is in a very fluid state- evolving and expanding. There are certainly going to be new ways to keep healthcare providers and health IT pros stay engaged and excited, and here are our top 10
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12 Defining Healthcare Trends to Watch in 2018
PwC's Health Research Institute (HRI) outlines 12 defining healthcare trends to watch in 2018 that will be distinguished by persistent uncertainty and risk. 2018 will be distinguished by persistent uncertainty and risk for the US health industry. 2018 is likely to mirror 2017 - a year marked by raucous debates over health and tax reform and a series of crises triggered by natural disasters - in terms of volatility, according to the latest research from PwC's Health Research Institute
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Partners Connected Health to Develop AI Tool to Predict Risk of Hospital Readmissions
Partners Connected Health and Hitachi, Ltd., today announced a collaboration to develop a new artificial intelligence (AI) tool that can predict with high accuracy, the risk of hospital readmissions within 30 days for patients with heart failure. The tool will help identify appropriate patients to participate in a readmission prevention program study following hospital discharge, and can explain the reason why patients were identified as being at high risk.Hospital Readmission Prediction Study
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5 Digital Health Innovation Trends That Will Matter in 2018
In December 2016, many were suggesting that wearables were dead. Fitbit’s stock price was rapidly dropping. Apple Watch sales had declined for two consecutive quarters and Pebble had just been acquired in a fire sale.What a difference a year makes. Today, Apple Watch is poised to become the world’s best selling wearable. And, the market is quickly diversifying as hearables (once again led by Apple) and clinical wearables gain importance.The lesson is clear. As we look toward 2018, it’s more
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