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

Guidehealth Acquires MSO & VBC Services Division from Arcadia

by Fred Pennic 12/21/2023 Leave a Comment

Guidehealth Acquires MSO & VBC Services Division from Arcadia

What You Should Know: - Guidehealth, an AI-powered healthcare platform announced the acquisition of an industry-acclaimed managed services organization (MSO) and Value-Based Care Services division from Arcadia, a healthcare technology leader known for its powerful data platform. - Additionally, Guidehealth secured a technology agreement to leverage Arcadia's advanced analytics platform, further fueling its newly acquired offering. Acquisition Impact This acquisition and partnership
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Why We Cannot Wait Any Longer: The Urgent Case for AI in Healthcare

by Charles Aunger, Managing Director, Technology | Health2047 12/21/2023 Leave a Comment

The Urgent Case for AI in Healthcare

In Handel Jones' literary alarm, "When AI Rules the World," we are drawn to envision an age where AI doesn’t merely complement but dominates every strand of our societal fabric. One domain in dire need of this revolutionary touch is healthcare — a sector where the United States, alarmingly, trails behind in the global AI adoption race. When nearly one-fifth of our GDP feeds a system that sees Americans facing graver health outcomes than other high-income nations, it’s clear: our approach needs
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VA Expands Access to Virtual Reality Pain Therapy for Veterans with AppliedVR Partnership

by Jasmine Pennic 12/20/2023 Leave a Comment

VA Expands Access to Virtual Reality Pain Therapy for Veterans with AppliedVR Partnership

What You Should Know: - The U.S. Department of Veterans Affairs (VA) is taking a major step forward in pain management by expanding its contract with AppliedVR, a provider of immersive therapeutics (ITx) using virtual reality (VR). - This contract expansion will significantly increase access to RelieVRx®, the first and only FDA-authorized in-home VR treatment for chronic lower back pain (CLBP).\ Continue Use of Virtual Reality for Treating Chronic Low Back Pain Chronic pain affects
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Absci, PrecisionLife Partner to Develop AI-Enabled Drug Pipeline

by Jasmine Pennic 12/20/2023 Leave a Comment

Absci, PrecisionLife Partner to Develop AI-Enabled Drug Pipeline

What You Should Know: - Absci, a generative AI drug creation company, and PrecisionLife, a pioneer in computational biology for complex chronic diseases, have announced a powerful partnership to develop a joint portfolio of potential therapeutics. - This collaboration aims to leverage the strengths of both companies to address unmet medical needs and accelerate drug development. Combining Expertise for Faster, Precision-Driven Drug Discovery Key aspects of the partnership
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RPA Adoption: 74% of Hospitals Automate Revenue Cycle Tasks

by Jasmine Pennic 12/20/2023 Leave a Comment

What You Should Know: The healthcare revenue cycle is getting a major makeover, driven by a surge in automation and artificial intelligence (AI). A new survey by AKASA, a leading developer of AI-powered revenue cycle automation solutions, reveals that 74% of healthcare organizations are already automating some part of their revenue cycle operations, and 80% of those not currently using it plan to do so by the end of 2025. The Rise of the Robots - Automation is no longer a luxury, but a
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M&A: mPulse Acquires HealthTrio and Decision Point

by Fred Pennic 12/20/2023 Leave a Comment

M&A: mPulse Acquires HealthTrio and Decision Point

What You Should Know: - mPulse, a leader in conversational AI and digital health engagement, has taken a major leap forward by acquiring both HealthTrio and Decision Point Healthcare Solutions. This strategic move positions mPulse as a full-service platform for member engagement, analytics, and activation, solidifying its leadership in healthcare consumerism. Strengthening Engagement and Outcomes: The combined capabilities of mPulse, HealthTrio, and Decision Point create a powerful
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Butterfly, Mendaera Partner to Transform Interventional Care with AI-Powered Robots

by Fred Pennic 12/19/2023 Leave a Comment

Butterfly Introduces Two Ultrasound Education Offerings

What You Should Know: - Butterfly Network (BFLY), a provider of portable ultrasound technology, and Mendaera, a Silicon Valley robotics innovator, are teaming up to bring an AI-powered robotic system to market. - Powered by Butterfly™ solution, the collaboration promises to transform interventional procedures by combining Butterfly's cutting-edge Ultrasound-on-Chip™ technology with Mendaera's precision robotics. Elevating Interventional Medicine The collaboration aims to address
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UNP Scores $32M for AI-Powered Macrocycle Therapeutics

by Fred Pennic 12/19/2023 Leave a Comment

UNP Scores $32M for AI-Powered Macrocycle Therapeutics

What You Should Know: - Unnatural Products, Inc. (UNP), a biotech company harnessing the power of AI and chemistry to design the next generation of targeted therapeutics, has secured $32M in Series A funding. - Led by Merck Global Health Innovation Fund (MGHIF) and TechBio-focused ARTIS Ventures,  the funding will help propel UNP's innovative platform and expand its reach beyond oncology, tackling a wider range of medical challenges. Macrocycles: Nature's Key to Untapped Drug
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XiFin Launches New Payor Rate Transparency Monitor to Empower Diagnostic Providers

by Fred Pennic 12/18/2023 Leave a Comment

XiFin Launches New Payor Rate Transparency Monitor to Empower Diagnostic Providers

What You Should Know: -XiFin, Inc., announced the launch of its new Payor Rate Transparency Monitor, the first-of-its-kind interactive visualization tool that compares contracted rates published by UnitedHealthcare, Aetna, and Cigna. The new AI monitor tool dives deep beyond mere averages, drilling down into specific billing codes and modifiers established by the Centers for Medicare & Medicaid Services (CMS). This granular data empowers providers to refine their managed care, market
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TREND Health Acquires Advent for AI-Powered Healthcare Payment Accuracy

by Fred Pennic 12/15/2023 Leave a Comment

TREND Health Acquires Advent for AI-Powered Healthcare Payment Accuracy

What You Should Know: - TREND Health Partners, a rapidly growing provider of AI-driven solutions, has acquired Advent Health Partners, an AI-driven platform identifies and standardizes clinical attributes from itemized bills and medical records, expediting critical information presentation and ensuring timely and appropriate reimbursement. - This strategic combination brings together two industry powerhouses, creating a comprehensive platform for payers and providers seeking to optimize
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