Clinical operations function makes the highest use of artificial intelligence (AI) (61%), followed by pharmacovigilance/safety/risk management (57%), and information technology (IT) (55%), according to an analysis recently completed by the Tufts Center for the Study of Drug Development. The analysis, summarized in the May/June Tufts CSDD Impact Report, reveals the pharmaceutical industry is adopting artificial intelligence (AI) on numerous fronts, from discovery and clinical development to risk
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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant
UCSF, The Doctors Company Partner to Address Patient Safety Challenges in the Digital Health Era
The Doctors Company—the nation’s largest physician-owned medical malpractice insurer—and UC San Francisco (UCSF), today launched a new partnership at the intersection of digital medicine and patient safety. The Doctors Company’s commitment to advancing the practice of good medicine will be expanded through a $1 million collaboration that will enable leading UCSF researchers in evidence-based patient safety practices, safety, and information technology–related policy, and artificial intelligence
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Analysis: 5 Trends Shaping The Future of The Global Radiology IT Market
Against the backdrop of artificial intelligence in medical imaging and other hyped healthcare IT technologies, market trends in core radiology IT software and services can easily be overlooked. Many of the largest markets in North America and Western Europe have reached saturation, with few new “greenfield” opportunities. Instead, the dynamics of much of the global radiology IT market revolve around long procurement cycles, replacement or contract roll-on and an entrenched customer base.However,
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FDA Grants Breakthrough Designation to RenalytixAI for AI-Enabled Diagnostic for Kidney Disease
RenalytixAI, a developer of artificial intelligence-enabled clinical diagnostics for kidney disease, today announced that it has been granted Breakthrough Device designation by the U.S. Food and Drug Administration (FDA), for its lead diagnostic, KidneyIntelX™. This is the first such designation for an AI-enabled diagnostic for kidney disease publicly announced by any company.FDA Breakthrough Devices Program OverviewThe FDA’s Breakthrough Devices Program is a voluntary program for certain
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Accenture Launches AI-Driven Solution to Tackle Elderly Loneliness
Accenture has released a groundbreaking new project that uses a unique
conversational
artificial intelligence to address the challenges of elderly loneliness. The
project named Memory Lane is being used by Accenture Interactive and Stockholm Exergi, one of Sweden’s largest energy suppliers to provide an
innovative social solution which allows people, particular the elderly, to
capture memorable stories for future generations while also providing
companionship.
Project Memory Lane
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NASSCOM, GE Healthcare Partner to Co-Create Digital Health Solutions in India
NASSCOM and GE Healthcare have formed a strategic partnership to foster healthcare innovation to bring digital health solutions to the market in India. NASSCOM CoE-IoT is India’s largest deep-tech Innovation hub for startups that provides a platform for collaborative innovation.Strategic Partnership DetailsThrough NASSCOM’s Center of Excellence-Internet of Things (CoE-IoT), GE Healthcare will work with India-based startups to co-create solutions for real-world healthcare challenges in the areas
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Why The Handheld Ultrasound Market Is Poised for Next Wave of Growth
This year marks the tenth anniversary of the launch of the first handheld ultrasound scanner, GE Healthcare’s Vscan, yet the market has largely failed to live up to expectations. In 2018, sales of handheld ultrasound accounted for less than 2% of the $6.9 billion global markets for ultrasound equipment. The relatively high cost and limited performance of early generation handhelds were limiting factors. Steady product improvements over the years, coupled with fresh innovation from new market
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CareDx Acquires OTTR for $16M to Enable EMR Integrations at Transplant Centers
CareDx, Inc., a molecular diagnostics company focused on the discovery, development, and commercialization of clinically differentiated, high-value diagnostic solutions for transplant patients has agreed to acquire OTTR Complete Transplant Management (“OTTR”), a provider of organ transplant patient tracking software.Financial DetailsCareDx will pay approximately $16M to acquire OTTR and intends to fund the transaction with cash on hand. For the full year 2019, OTTR’s revenue is projected to be
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Digital Twin Technology: Should Healthcare Jump on the Bandwagon?
While healthcare is known for not jumping to conclusions very fast when investing in new technology, the industry starts to pick up the pace. Such “newcomers” as blockchain, IoT, VR, and AR get a well-deserved appraisal and become an integral part of next-gen custom healthcare software aimed at supporting personalized treatment and predictable patient outcomes across a wide range of conditions.
We anticipate that the digital twin technology has good chances to become the next addition to the
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Verisk, Human API Partner to Transform Life Insurance Underwriting and Portfolio Tools
Verisk, a leading data analytics provider, and Human API, a health data network, announced plans to work together on Verisk`s new InsurTech tools. Leveraging electronic health record (EHR) data collected by Human API, Verisk`s solutions will help revolutionize how life insurers underwrite coverage and manage in-force portfolios.Verisk/Human API Partnership DetailsAs part of the effort, Verisk will analyze EHR data obtained by Human API and produce risk scoring and benchmarking information for
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