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

Mayo Clinic Taps UltraSight to Advance AI-Powered Ultrasound for Cardiac Care

by Fred Pennic 06/03/2024 Leave a Comment

Mayo Clinic Taps UltraSight to Advance AI-Powered Ultrasound for Cardiac Care

What You Should Know:  - UltraSight, a leader in transforming cardiac imaging with artificial intelligence, announced a new collaboration with Mayo Clinic, a world-renowned medical center.  - UltraSight and Mayo Clinic will work together to develop algorithms for analyzing and interpreting cardiac ultrasound images captured using point-of-care ultrasound (PoCUS) devices. This collaboration seeks to create a comprehensive solution that provides decision support for healthcare
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Plenful Secures $17M to Scale AI-Powered Pharmacy Operations Tool

by Syed Hamza Sohail 05/30/2024 Leave a Comment

Plenful Secures $17M to Scale AI-Powered Pharmacy Operations Tool

What You Should Know: -              Plenful, an AI workflow automation platform streamlining pharmacy and healthcare operations, today announced a $17M Series A round, increasing its total raised capital to more than $25 million. -              This milestone signifies a meaningful step forward in Plenful's mission to modernize pharmacy operations through
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Weave Bio Launches for AI-Powered Drug Development, Secures $10M

by Fred Pennic 05/30/2024 Leave a Comment

Weave Bio Launches for AI-Powered Drug Development, Secures $10M

What You Should Know:  - Weave Bio, an AI-native life sciences platform company, announced today the public release of its flagship offering, AutoIND, and $10 million in seed funding co-led by Innovation Endeavors and Magnetic Ventures.  - AutoIND marks a significant advancement in drug development by automating and accelerating the preparation, writing, and review process for Investigational New Drug (IND) applications. Automating the IND Process: A Game-Changer for Drug
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PathAI Unveils New AI-Powered Pathology Tools for Cancer Research

by Syed Hamza Sohail 05/30/2024 Leave a Comment

PathAI Unveils New AI-Powered Pathology Tools for Cancer Research

What You Should Know: -              PathAI, a global leader in AI-powered pathology, unveiled two novel AI products, PathExplore™ Immuno-Oncology Profiling (IOP) and IHC Explore1™ to empower cancer drug developers and clinical researchers with AI-powered insights. -              The product pairing provides unprecedented single-cell and spatial resolution of
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New AI Test Aims to Improve Breast Cancer Recurrence Prediction: COTA, PreciseDx, and Baptist Health South Florida Collaborate

by Fred Pennic 05/29/2024 Leave a Comment

What You Should Know:  - A collaborative effort between COTA, PreciseDx, and Baptist Health South Florida seeks to revolutionize breast cancer recurrence risk assessment with the PreciseBreast™ (PDxBr) test. This AI-powered tool holds promise for faster, more accurate, and more affordable risk prediction compared to current methods. - By utilizing AI technology, PreciseBreast™ has the potential to offer patients a faster, more accurate, and more affordable way to assess their risk of
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3 Steps to Unlock the True Potential of AI for Health Leaders

by Robbie Hughes, founder and CEO, Lumeon 05/29/2024 Leave a Comment

Why Robust Controls Over Processes are Necessary for AI to Succeed in Healthcare

The AI buzz is not subsiding, making headlines across industries. In his summary article about the 2024 HIMSS conference, Chilmark Research’s John Moore III noted, “Good luck trying to get noticed for anything other than AI or cybersecurity (in the wake of the Change Healthcare breach).” One of Moore’s key takeaways was the consensus among attendees that while all the new AI use cases may be compelling, there is still concern about their readiness for broader deployment.  Yet, AI is
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AI’s Transformative Power in Health, Wellness, and Supplements

by Fred Pennic 05/28/2024 Leave a Comment

AI's Transformative Power in Health, Wellness, and Supplements

The integration of Artificial Intelligence (AI) technologies into various sectors has been a game-changer, and the health and wellness industry is no exception. As we progress further into the digital age, AI is poised to revolutionize the way we approach our well-being, offering unprecedented opportunities for personalized care, predictive analytics, and targeted solutions. AI in Healthcare: Revolutionizing Patient Care In the realm of healthcare, AI has already made significant strides
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Providence, Microsoft, UW Develop AI-Powered Pathology Model

by Fred Pennic 05/23/2024 Leave a Comment

Providence, Microsoft, and UW Develop AI-Powered Pathology Model

What You Should Know:  - A collaborative effort between Providence, Microsoft, and the University of Washington has yielded a breakthrough in cancer diagnostics with the development of an AI-powered pathology model, Prov-GigaPath. - Prov-GigaPath is an AI-powered pathology model designed to improve patient care and transform cancer diagnostics. It analyzes entire pathology slides to identify patterns, leading to more accurate mutation predictions and effective cancer subtyping. The
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Atropos Health Raises $33M to Improve Value-Based Care Through Real-World Evidence

by Syed Hamza Sohail 05/23/2024 Leave a Comment

Atropos Health Raises $30M to Improve Value-Based Care Through Real-World Evidence

What You Should Know: -       Atropos Health, the pioneer in translating real-world clinical data into high-quality personalized real-world evidence for care, today announced a $33 million Series B on the heels of the adoption of its Generative AI platform (GENEVA OSTM) by healthcare institutions, data platforms, research institutions, Life Sciences companies and more. -       The funding was led by Valtruis, with participation from new strategic investors
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Tempus AI Files for IPO, Eyes Over $600M in Funding for AI-Powered Precision Medicine

by Fred Pennic 05/23/2024 Leave a Comment

Tempus AI Files for IPO, Eyes Over $600M in Funding for AI-Powered Precision Medicine

What You Should Know:  - Tempus AI, a leader in artificial intelligence (AI)-powered precision medicine, filed with the Securities and Exchange Commission (SEC) on Monday to raise up to $100M in an initial public offering (IPO). Industry analysts, however, believe this figure might be a placeholder, with the actual target amount closer to $600M. - Founded in 2015 and headquartered in Chicago, Illinois, Tempus AI reported $562M in revenue for the fiscal year ending March 31,
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