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

Revelstoke Capital Partners Invests in MediQuant

by Fred Pennic 09/04/2024 Leave a Comment

Revelstoke Capital Partners Invests in MediQuant

What You Should Know:  - Revelstoke Capital Partners, a healthcare-focused private equity firm, has announced a significant investment in MediQuant, a provider of cloud-based data archiving and interoperability solutions. This investment marks the seventh from Revelstoke Capital Partners Fund III. - MediQuant's flagship product, DataArk, enables healthcare organizations to securely store and access critical patient data. By consolidating data from various systems, DataArk helps reduce
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Rejoy Health Secures $125M Valuation to Expand AI Capabilities in Healthcare

by Fred Pennic 09/04/2024 Leave a Comment

Rejoy Health Secures $125M Valuation to Expand AI Capabilities in Healthcare

What You Should Know:  - Rejoy Health, a pioneer in AI-powered healthcare solutions, announced today the successful completion of a significant funding round, valuing the company at $125M.  - This investment will fuel the expansion of Rejoy Health's AI capabilities, with a focus on hiring additional AI engineers and expanding GPU clusters. Revolutionizing Healthcare with AI Founded in 2021, Rejoy Health has rapidly emerged as a leader in developing AI-driven solutions
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AI’s Advantages to Overcoming Revenue Cycle Management Challenges for Providers

by Jeff Carmichael SVP of Engineering and Analytics XiFin, Inc. 08/30/2024 Leave a Comment

The Future of RCM: Leveraging AI to Combat Healthcare Providers

Healthcare providers face staffing shortages, increasing regulatory requirements, and pressure to reduce costs while delivering effective care. Compounding provider problems are payor policy, behavior changes and ongoing fee schedule cuts that compress revenue, as well as mounting denials and additional documentation requests from payors. Coding, claim processing, and the collective revenue cycle management (RCM) tasks required to ensure appropriate reimbursement for billable service are all
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AI Holds Promise for Improving Patient Experience, Survey Finds

by Fred Pennic 08/29/2024 Leave a Comment

AI Holds Promise for Improving Patient Experience, Survey Finds

What You Should Know:  - A new survey conducted by Talkdesk has revealed the growing optimism among consumers about the potential of artificial intelligence (AI) to improve the healthcare experience.  - While AI is still in its early stages of adoption in healthcare, patients are hopeful that it can streamline processes, reduce administrative burdens, and improve access to care. Patients embrace artificial intelligence for administrative tasks, sensitive health queries, and
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PathAI’s AISight Dx Receives CE Mark for Primary Diagnosis

by Fred Pennic 08/29/2024 Leave a Comment

PathAI Lands $60M to Accelerate AI-Powered Pathology Platform

What You Should Know:  - PathAI, a pioneer in AI-powered digital pathology, has achieved a significant milestone with the CE mark certification of its AISight Dx Image Management System (IMS) for primary diagnosis.  - The certification paves the way for PathAI's expansion into the European diagnostic pathology market, offering pathologists a powerful tool to enhance their interpretations and improve laboratory efficiency. AISight Dx: A Comprehensive Digital Pathology
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The Importance of Accurate Patient Matching for AI Projects

by Avi Mukherjee, Chief Product and Technology Officer and Andy Dé, Chief Marketing Officer of Verato 08/28/2024 Leave a Comment

Famous artificial intelligence (AI) errors such as a Google search recommendation to put glue on a pizza to keep the cheese from falling off may cause a smile. However, when AI is mentioned in conjunction with healthcare, the stakes become serious — quickly since ‘hallucinations’ are not an option in healthcare! But make no mistake: AI is infiltrating healthcare, from both clinical and operational angles. Estimates show the global AI healthcare market growing by 1,600% during the decade, from
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Qventus Launches AI Operational Assistants to Streamline Healthcare

by Fred Pennic 08/26/2024 Leave a Comment

Qventus Launches AI Operational Assistants to Streamline Healthcare

What You Should Know:  - Qventus, a provider of AI-based software for healthcare operations, has introduced AI Operational Assistants designed to empower frontline staff and improve efficiency.  - These AI-powered digital assistants automate administrative tasks, freeing up clinicians to focus on patient care. Addressing the Burden of Administrative Tasks Healthcare professionals are often overwhelmed by administrative tasks, which can lead to burnout and limit their impact
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GE Healthcare Unveils New AI-Powered Ultrasound and CT Technologies

by Fred Pennic 08/26/2024 Leave a Comment

GE Healthcare Unveils New AI-Powered Ultrasound and CT Technologies

What You Should Know:  - GE Healthcare launches two innovative new products: the Vscan Air SL with Caption AI and ECG-less Cardiac CT scanning on the Revolution Apex platform at the European Society of Cardiology (ESC) Congress,  - Cardiovascular diseases are the leading cause of death worldwide, claiming millions of lives each year. Early diagnosis and treatment are crucial for improving patient outcomes and reducing mortality rates.  - GE Healthcare's latest
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RCM M&A: Arsenal Capital Partners Acquires Knowtion Health

by Fred Pennic 08/23/2024 Leave a Comment

RCM M&A: Arsenal Capital Partners Acquires Knowtion Health

What You Should Know:  - Arsenal Capital Partners, a prominent private equity firm specializing in healthcare and industrial growth companies announced the acquisition of Knowtion Health. Financial details of the acquisition were not disclosed.  - Knowtion is a provider of AI-powered revenue cycle insurance claim resolution services that help hospitals and health systems optimize their operations and increase revenue. A Strategic Investment Arsenal's investment in Knowtion
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AI Helps Predict Cardiac Arrhythmias in Lung Cancer Patients, Research Reveals

by Fred Pennic 08/23/2024 Leave a Comment

AI Helps Predict Cardiac Arrhythmias in Lung Cancer Patients, Research Reveals

What You Should Know:  - Researchers at Brigham and Women’s Hospital have leveraged artificial intelligence (AI) to gain a deeper understanding of the risk of specific cardiac arrhythmias in patients undergoing radiation therapy for non-small cell lung cancer (NSCLC).  - Their findings, published in JACC: CardioOncology, offer valuable insights for healthcare providers and patients. The Impact of Radiation Therapy on the Heart Radiation therapy, while effective in treating
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