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

John Snow Labs Unveils New AI-Powered HCC Coding Engine

by Fred Pennic 04/22/2025 Leave a Comment

John Snow Labs Unveils New AI-Powered HCC Coding Engine

What You Should Know:  - John Snow Labs, a company specializing in artificial intelligence for healthcare, today announced the launch of its new, end-to-end Hierarchical Condition Category (HCC) coding engine. - Introduced during the company’s annual Healthcare NLP Summit, this solution is engineered to assist healthcare providers and payers in significantly improving risk adjustment accuracy and strengthening revenue integrity. Addressing Critical Gaps in Risk
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Leidos to Invest $10M in University of Pittsburgh for AI Disease Detection

by Fred Pennic 04/21/2025 Leave a Comment

Leidos to Invest $10M in University of Pittsburgh for AI Disease Detection

What You Should Know:  - Leidos is committing $10M to a five-year collaboration with the University of Pittsburgh's Computational Pathology and AI Center of Excellence (CPACE) to accelerate the development and use of artificial intelligence (AI) in detecting and managing diseases. - The partnership aims to create AI-powered tools for quicker disease detection, including heart disease and cancer, reduce diagnostic turnaround times, and enable earlier, more effective care
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hellocare.ai Raises $47M for AI-Assisted Virtual Care Delivery

by Syed Hamza Sohail 04/18/2025 Leave a Comment

hellocare.ai Raises $47M for AI-Assisted Virtual Care Delivery

What You Should Know: -       hellocare.ai, the leading AI-assisted virtual care delivery platform transforming hospital care models and operations, today announced it has raised $47 million in an oversubscribed funding growth round. -       The round was led by HealthQuest Capital, with participation from a strategic coalition of forward-thinking health systems and digital health investors, including Bon Secours Mercy
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Youlify Raises $4.3M to Optimize Medical Billing with Generative AI

by Syed Hamza Sohail 04/18/2025 Leave a Comment

Youlify Raises $4.3M to Optimize Medical Billing with Generative AI

What You Should Know: -  Youlify, a physician-founded AI company rebuilding the financial backbone of healthcare, today announced $4.3 million in seed funding to help hospitals and doctors get paid faster and more accurately. -  The platform replaces traditional billers with AI and provides an end-to-end revenue cycle management platform that completely automates coding, claims, and denial recovery. The round was led by Brett Queener at Bonfire Ventures, with participation from Top Harvest
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Researchers Develop AI Model to Detect Malaria Using NVIDIA

by Fred Pennic 04/18/2025 Leave a Comment

Researchers Develop AI Model to Detect Malaria Using NVIDIA

What You Should Know:  - A team of researchers at the intersection of medicine and technology has harnessed the power of artificial intelligence (AI) and NVIDIA GPUs to develop a new AI solution.  - Their recent publication in the prestigious journal Nature details the creation of a sophisticated convolutional neural network (CNN) specifically designed for the automated detection of malaria parasites in blood samples. Venezuela's Malaria Resurgence While the glint of gold has
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KLAS Report: Global Healthcare IT Investments and Trends for 2025

by Fred Pennic 04/17/2025 Leave a Comment

KLAS Report: Global Healthcare IT Investments and Trends for 2025

What You Should Know:  - A recent report by KLAS Research highlights the key trends shaping healthcare IT investments across the globe in 2025.  - The study, which involved interviews with 174 healthcare organizations across 39 countries and territories (excluding the US), reveals a significant shift in priorities, with AI and analytics taking center stage. The findings also shed light on the increasing adoption of cloud technologies and the evolving role of consulting firms in
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Brellium Raises $16.7M to Power AI-Driven Compliance for Healthcare

by Fred Pennic 04/17/2025 Leave a Comment

Brellium Raises $16.7M to Power AI-Driven Compliance for Healthcare

What You Should Know:  - Brellium, the AI-powered clinical and payor compliance platform helping healthcare organizations streamline chart audits and reduce clinical risk, has secured $16.7M in Series A funding led by First Round Capital, Left Lane Capital, and Menlo Ventures, with participation from Digital Health Venture Partners and Necessary Ventures.  - The funding will fuel team growth, product development, and broader adoption across healthcare segments like mental health,
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RISA Labs Raises $3.5M for AI-Powered Oncology Prior Authorizations Platform

by Syed Hamza Sohail 04/17/2025 Leave a Comment

RISA Labs Raises $3.5M for AI-Powered Oncology Prior Authorizations Platform

What You Should Know: -  Cancer patients don’t just fight the disease - they fight the system. Today, life-saving treatments are routinely delayed by days or even weeks due to manual, error-prone workflows -   To solve this, RISA Labs has raised a $3.5M funding round to help healthcare organizations eliminate one of the most persistent barriers to timely cancer care: prior authorization delays. RISA Labs has already proven that faster care is possible by dramatically reducing manual
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GeneDx Acquires Fabric Genomics for $33M, Expanding Access to AI-Powered Genomic Interpretation

by Fred Pennic 04/16/2025 Leave a Comment

GeneDx Acquires Fabric Genomics for $33M, Expanding Access to AI-Powered Genomic Interpretation

What You Should Know:  - GeneDx, a company focused on improving health outcomes through genomic insights, has announced its plans to acquire Fabric Genomics, a pioneer in AI-powered genomic interpretation.  - The acquisition aims to position GeneDx at the forefront of the next phase of genomic medicine, characterized by decentralized testing with centralized intelligence.  Following the closing of the acquisition, Fabric Genomics will initially operate independently while
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Assort Health Raises $26M for Specialty-Specific GenAI Platform for Managing Patient Phone Calls

by Fred Pennic 04/16/2025 Leave a Comment

Assort Health Raises $26M for Specialty-Specific GenAI Platform for Managing Patient Phone Calls

What You Should Know:  - Assort Health, a company specializing in AI solutions for managing patient phone calls in healthcare, has announced a new round of institutional financing co-led by First Round Capital and Chemistry, with continued support from existing investor Quiet Capital, bringing the company's total funding to $26M. - The funding will be used to accelerate Assort Health's mission of improving access to care by addressing the issues of long hold times and scheduling
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