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

Regard Secures $61M for AI-Powered Clinical Insights Platform

by Fred Pennic 07/11/2024 Leave a Comment

WakeMed to Deploy Regard’s AI Clinical Automation Platform Across Enterprise

What You Should Know:  - Regard, an AI-powered clinical insights platform raises $61M in Series B funding led by Oak HC/FT with participation from prominent healthcare and technology investors.  - The investment will fuel the company's mission to unlock the full potential of patient data for improved clinical care. Untapped Potential in Healthcare Data The healthcare industry is experiencing a data deluge. New technologies generate mountains of patient information, but a
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Cognizant and Yseop Partner to Deliver GenAI Medical Writing for Life Sciences

by Fred Pennic 07/11/2024 Leave a Comment

Cognizant and Yseop Partner to Deliver GenAI Medical Writing for Life Sciences

What You Should Know:  - Cognizant and Yseop, a leading AI software company, have joined forces to accelerate and streamline scientific content creation in the biopharmaceutical industry.  - The strategic partnership leverages Yseop Copilot, a generative AI tool, to transform medical writing, enhance productivity, and expedite the delivery of life-saving treatments. Challenges of Traditional Medical Writing The current process for creating scientific content is a
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Oracle Strengthens Pharmacovigilance Solutions with AI-Powered Enhancements

by Jasmine Pennic 07/11/2024 Leave a Comment

Oracle Strengthens Pharmacovigilance Solutions with AI-Powered Enhancements

What You Should Know:  - Oracle announced significant updates to its Argus and Safety One Intake solutions, bolstering its pharmacovigilance portfolio with AI-powered features.  - These AI enhancements cater to the evolving needs of life science organizations, allowing them to navigate increasingly complex regulatory landscapes and manage rising adverse event caseloads. Enhanced Efficiency and Regulatory Compliance The new features prioritize efficiency and regulatory
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Stanford Medicine Launches AI-Powered Consult to Improve Clinical Decisions + Outcomes

by Jasmine Pennic 07/10/2024 Leave a Comment

Stanford Medicine Launches AI-Powered Consult to Improve Clinical Decisions + Outcomes

What You Should Know:  - Stanford Medicine is revolutionizing the way community physicians deliver care with the launch of Patients Like Mine, a suite of services designed to equip them with the data and resources needed to provide high-quality, evidence-based treatment to their patients.  - By empowering community physicians with the tools and knowledge they need, this program has the potential to revolutionize healthcare delivery, ensuring high-quality, evidence-based care for
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Empara Launches AI Virtual Assistant for Navigating Benefits

by Syed Hamza Sohail 07/10/2024 Leave a Comment

Empara Launches AI Virtual Assistant for Navigating Benefits

What You Should Know: - Empara, a developer of healthcare technology focused on making healthcare accessible, affordable and seamless, has announced the launch of Em, its customizable AI virtual assistant. - Em is designed to make the member experience of navigating benefits simpler, more intuitive and personalized, while also increasing the efficiency and effectiveness of service providers and HR teams. Empara: Innovating Healthcare with Generative AI Empara is a developer
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Octagos Health Secures $43M to Power AI-Driven Cardiac Care

by Fred Pennic 07/09/2024 Leave a Comment

Octagos Health Secures $43M to Power AI-Driven Cardiac Care

What You Should Know:  - Octagos Health, a provider of AI-powered cardiac device monitoring solutions raises $43M in Series B funding led by funds managed by Morgan Stanley Expansion Capital with continued participation from Mucker Capital and other strategic investors.  - The investment fuels Octagos Health's mission to leverage artificial intelligence for transformative cardiac care and comprehensive patient monitoring. AI-Powered Cardica Care Octagos Health offers a
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Digital Health Funding Surges TO $5.7B in Early 2024 Despite Market Jitters, Rock Health Reports

by Fred Pennic 07/08/2024 Leave a Comment

Digital Health Funding Surges TO $5.7B in Early 2024 Despite Market Jitters, Rock Health Reports

What You Should Know:  - The digital health industry is showing signs of strength despite recent economic uncertainties, according to Rock Health’s latest H1 report. - U.S. digital health startups raised a significant amount in the first half of 2024 ($5.7B), with the potential to exceed full-year totals from 2019 and 2023. This growth is fueled by strong Series A activity, with a median deal size of $15M, indicating larger investments for early-stage companies. Here's a breakdown
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AI Nurses: The Solution to the Nursing Shortage and Beyond

by Kanwar Kelley, MD, JD, co-founder & CEO of Side Health 07/03/2024 Leave a Comment

AI Nurses: The Solution to the Nursing Shortage and Beyond

The healthcare sector is rapidly adopting AI to help improve disease detection and patient care along with delivering efficiency gains. The technology’s potential is fueling an array of investments and innovations in everything from cancer diagnosis to AI nurses. With respect to AI nurses, many believe this application is the only way to ease the industry's staffing shortages.  With the nursing labor gap expected to exceed 10 million by 2030, coupled with the imperative to improve
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K Health Secures $50M for AI Primary Care Platform

by Fred Pennic 07/01/2024 Leave a Comment

K Health Secures $50M for AI Primary Care Platform

What You Should Know:  - K Health, a leader in AI-driven primary care raises $50M in funding led by Claure Group with participation from investors including Pablo Legorreta (founder and CEO of Royalty Pharma), and existing investors Mangrove Capital Partners, Valor Equity Partners, and Atreides Management, LP. - With this new funding, K Health is poised to further scale its AI platform and expand its reach. The company's innovative approach has the potential to transform the primary
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Biopharma at a Crossroads: AI Offers Key to R&D Reinvention

by Fred Pennic 07/01/2024 Leave a Comment

Biopharma at a Crossroads: AI Offers Key to R&D Reinvention

What You Should Know:  - A new report by Accenture, "Reinventing R&D in the Age of AI," paints a clear picture: the biopharmaceutical industry stands at a critical juncture. Companies that embrace intelligent technologies like AI and machine learning are poised to become the future's leaders, while those clinging to outdated methods risk falling behind. - Accenture's report serves as a roadmap, offering valuable insights and practical steps for companies ready to embrace the
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