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

Scopio Secures $50M for AI-Powered Peripheral Blood Smear App

by Fred Pennic 02/09/2022 Leave a Comment

Scopio Secures $50M for AI-Powered Peripheral Blood Smear App

What You Should Know: - Scopio Labs, provider of the world's first full-field digital cell morphology solution, today announced a $50M investment for its end-to-end hardware and software platform for digitizing, quantifying and analyzing hematology and other digital cytology samples. - The Series C round included OurCrowd, Aurum Ventures, Mizrahi-Tefahot Bank Invest and Ilex Medical, with the participation of strategic investors operating in the field and existing
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C2i Genomics, Twist Bioscience Partner to Develop Whole-Genome Cancer Reference Materials

by Jasmine Pennic 02/08/2022 Leave a Comment

Cedars-Sinai Cancer Launches ‘Molecular Twin’ Initiative to Advance Precision Cancer Treatment

What You Should Know: - Today, Twist Bioscience and cancer genomics startup C2i Genomics announced a partnership to develop whole-genome cancer reference materials. - This resource will provide diagnostic labs around the globe with the ability to better validate and monitor the quality of their whole-genome cancer screening and minimal residual disease (MRD) products for more accurate cancer detection.  C2i to integrate Twist’s library preparation kits into minimal residual
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3 Ways Artificial Intelligence Can be Used to Improve Health Equity

by John Sargent | Founding Partner, BroadReach Group 02/08/2022 Leave a Comment

3 Ways Artificial Intelligence Can be Used to Improve Health Equity

When I graduated from medical school and took the Hippocratic Oath, I vowed to not just treat the illness on a patient’s medical history form but to treat the person behind the diagnosis. To do this well, clinicians need to understand the whole person and the context in which they live — their race, gender identity, native language, socioeconomic status, or zip code, among other things — to ensure equitable care. According to the CDC, health equity is reached when every person has the
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Glooko Acquires German Medical AI Company xbird – M&A

by Fred Pennic 01/31/2022 Leave a Comment

Glooko Acquires German Medical AI Company xbird – M&A

What You Should Know: - Glooko, a provider of remote patient monitoring and digital health solutions for diabetes and other chronic conditions, today announced it has acquired xbird, a German-based health AI company developing JITAI ( Just In Time Adaptive Intervention) technologies to support patients and their providers in predicting behavior and managing diabetes. - The addition of xbird expands Glooko’s advanced analytics capabilities and tools, further broadening Glooko’s platform
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Honeywell Makes Strategic Investment in RapidSOS’s ER Data Platform

by Fred Pennic 01/26/2022 Leave a Comment

Honeywell Makes Strategic Investment in RapidSOS’s ER Data Platform

What You Should Know: - Today, Honeywell announced it has made a strategic investment in RapidSOS, an NYC-based emergency response data platform, to further modernize and digitize the public safety communications process. - In addition to the strategic investment, Honeywell Connected Life Safety System (CLSS) will integrate with the RapidSOS emergency response data platform to provide faster, more accurate communications
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Implementing Responsible AI to Drive Innovation in Clinical Research & Precision Medicine

by Prakriteswar Santikary, Ph.D., VP of Engineering and Technology at ConcertAI 01/24/2022 Leave a Comment

Implementing Responsible AI to Drive Innovation in Clinical Research & Precision Medicine

Researchers might be skeptical and, with people’s lives at stake, that’s understandable. Here’s how to take advantage of the advances while ensuring safeguards are in place. As artificial intelligence (AI) and machine learning drive innovation and disruption in clinical trials and precision medicine, questions around the responsible use of AI have moved to the forefront of debates among healthcare stakeholders – patients, providers, regulatory authorities, payors and sponsors. To what extent,
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Enhancing Workflow Automation for Healthcare Professionals

by Hoala Greevy, Founder CEO of Paubox 01/20/2022 Leave a Comment

Enhancing Workflow Automation for Healthcare Professionals

Like employers in most industries, healthcare organizations are battling to fill open positions amid the current tight labor market. And new reports show a growing wave of nursing shortages. This widespread scarcity of healthcare workers is forcing providers to cope by having practitioners handle tasks like data entry along with their normal patient care duties. That loss of time means organizations miss out on opportunities to generate more revenue with their top talent.  Fortunately,
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7 Burning Questions from Life Sciences Companies on Using AI Agents

by Troy Lase, Associate Director, Commercial Strategic Planning, IQVIA and Richard Marcil, Chief Customer Officer, ConversationHEALTH 01/19/2022 Leave a Comment

7 Burning Questions from Life Sciences Companies on Using AI Agents

Each day life science companies respond to numerous medical information inquires – many of which are similar in nature or can be simply addressed. However, as we have seen in the news reports with the Great Resignation and many workers searching for new careers, the number of individuals interested in working in a medical information contact center may be waning. When you combine this with the rising volume of inquiries or medical inquiries and patient expectations for a real-time response to
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Sema4 Acquires GeneDx for $623M to Strengthen AI-Driven Genomic Platform

by Fred Pennic 01/18/2022 Leave a Comment

Sema4 Acquires GeneDx for $623M to Strengthen AI-Driven Genomic Platform

What You Should Know: - Today, Sema4 (Nasdaq: SMFR), a health intelligence company, announced it has signed a definitive agreement to acquire GeneDx, a leader in genomic testing and analysis, at a purchase price representing approximately $623 million, strengthening its market-leading health intelligence and genomic screening offerings. - The combined company is projected to deliver $350 million in pro forma 2022 revenue. In connection with the acquisition,
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We Recall Drugs with Adverse Effects, So Why Not Recall AI Algorithms with Racial Bias?

by Ed Ikeguchi, MD, Chief Executive Officer, AiCure 01/07/2022 Leave a Comment

We Recall Drugs with Adverse Effects, So Why Not Recall AI Algorithms with Racial Bias?

Over the last decade, AI has transformed from a futuristic, hype-driven tool, to now being a daily part of our lives. We use AI for everything from unlocking our smartphones, to evaluating our credit scores, to helping clinicians make patient care decisions. In particular, the potential of AI to transform drug development and patient care is unparalleled – its ability to gather objective insights can help elevate a clinical trial’s data and bring potentially life-saving drugs to people in need
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