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

Large Language Models Show Promise for Streamlining Physician Workflows, But Safety Concerns Remain

by Fred Pennic 05/03/2024 Leave a Comment

Large Language Models Show Promise for Streamlining Physician Workflows, But Safety Concerns Remain

What You Should Know: - A new study by researchers at Mass General Brigham suggests large language models (LLMs),  a type of artificial intelligence (AI), could be a helpful tool for doctors to streamline communication with patients. However, the study also highlights the importance of human oversight to ensure patient safety. -  The findings, published in The Lancet Digital Health, emphasize the need for a measured approach to LLM implementation. The Burden of Physician
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Every Cure and BioPhy Partner to Repurpose Existing Drugs Faster with AI

by Jasmine Pennic 05/03/2024 Leave a Comment

Every Cure and BioPhy Partner to Repurpose Existing Drugs Faster with AI

What You Should Know: - BioPhy, an AI drug development company, and Every Cure, a non-profit dedicated to unlocking the potential of existing drugs for new uses, today announced a strategic partnership to revolutionize drug repurposing through artificial intelligence (AI). - The partnership follows Every Cure's recent funding from the Advanced Research Projects Agency for Health (ARPA-H). A successful pilot using AI led to the identification of potential treatments for diseases like sickle
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How AI Can Increase the Success of Clinical Denials Appeals

by Steve Albert, Executive Vice President and Chief Product Officer, R1 05/02/2024 Leave a Comment

Can AI Increase the Success of Clinical Denials Appeals?

It’s a perfect storm of financial pressures facing healthcare provider organizations – from rising costs to labor shortages to constrained capacity – that stymies revenue growth. Growing challenges with payer payments only exacerbate these issues. According to a Kaufman Hall report, 73% of leaders surveyed said claims denials, which was the top revenue cycle issue in 2022, had increased in 2023. The cost of denials is staggering. A recent data analysis revealed that providers spent nearly $20
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NCPA Renews Recommendation of Prescryptive AI Pricing: Empowering Pharmacies with AI-Driven Cash Pricing

by Fred Pennic 05/02/2024 Leave a Comment

NCPA Renews Recommendation of Prescryptive AI Pricing: Empowering Pharmacies with AI-Driven Cash Pricing

What You Should Know: - Prescryptive Health, a leading healthcare technology company, today announced the National Community Pharmacists Association's (NCPA) renewed endorsement of Prescryptive AI Pricing.  - Prescryptive AI Pricing creates a dynamic and competitive cash pricing system, enabling independent pharmacies to thrive in the ever-evolving healthcare landscape. This AI-powered solution empowers independent pharmacies to optimize cash pricing and enhance their competitive
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Trovo Health Launches with $15M for AI-Powered Intelligent Assistants

by Fred Pennic 05/01/2024 Leave a Comment

Trovo Health Launches with $15M for AI-Powered Intelligent Assistants

What You Should Know:  - Trovo Health, a groundbreaking healthcare technology company, announced today its official launch and a $15 million Series A funding round led by Oak HC/FT.  - Trovo's mission is to revolutionize patient care by equipping providers with an AI-powered platform backed by a multidisciplinary care team. Empowering Providers to Deliver Exceptional Care Trovo's innovative platform addresses a critical need in healthcare: empowering physicians and other
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AI Model Predicts Heart Disease and Heart Failure, Identifies $1.4B in Potential Savings

by Jasmine Pennic 05/01/2024 Leave a Comment

AI Model Predicts Heart Disease and Heart Failure, Identifies $1.4B in Potential Savings

What You Should Know: - Cedar Gate Technologies (Cedar Gate), a leader in value-based care technology, announced today the potential for significant healthcare cost savings through early identification of at-risk patients. - An analysis of their national Healthcare Benchmark Database, encompassing nearly 13 million member lives, revealed a staggering $1.4 billion in potential savings. Machine Learning for Early Disease Detection Cedar Gate's platform leverages machine learning
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Upperline Health & Navina Integrate to Drive AI-Driven Value-Based Specialty Care

by Syed Hamza Sohail 05/01/2024 Leave a Comment

Upperline Health & Navina Integrate to Drive AI-Driven Value-Based Specialty Care

What You Should Know: ·      Navina, the AI-driven primary care platform revolutionizing the interpretation of intricate patient data into actionable guidance during care encounters, has unveiled the initial outcomes of its collaboration with Upperline Health. Upperline Health stands as the nation’s largest network committed to value-based specialty care and pioneers of their own ACO REACH. This partnership aims to refine the accuracy of patients’ comprehensive health
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Kaiser Permanente to Deploy Innovaccer’s Healthcare AI Platform

by Syed Hamza Sohail 04/30/2024 Leave a Comment

Kaiser Permanente to Deploy Innovaccer’s Healthcare AI Platform

What You Should Know: -              Innovaccer, a leading healthcare technology company, today announced its collaboration with Kaiser Permanente, America’s leading healthcare provider and nonprofit health plan. -              Kaiser Permanente will implement Innovaccer’s Healthcare AI Platform to support value-based care initiatives.  Empowering
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AI Predicts Patient Decline 8 Hours Early: CLEW’s Platform Now Available

by Jasmine Pennic 04/29/2024 Leave a Comment

AI Predicts Patient Decline 8 Hours Early

What You Should Know:  - CLEW, a provider of clinical intelligence and predictive surveillance, has announced the general availability of its FDA-cleared AI platform.  - The FDA-cleared AI platform empowers healthcare providers with the ability to identify patients at risk of deterioration up to eight hours earlier than traditional methods. Early Warning System for Better Patient Care CLEW's platform leverages machine learning-derived prediction models to analyze patient
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Deloitte Acquires Gryphon Scientific to Enhance Public Health Capabilities

by Fred Pennic 04/29/2024 Leave a Comment

Deloitte Acquires Gryphon Scientific to Enhance Public Health Capabilities

What You Should Know:  - Deloitte announced today the acquisition of substantially all assets belonging to Gryphon Scientific, LLC (Gryphon). Gryphon is a leader in biosafety, biosecurity, and all-hazards preparedness and response.  - The combined expertise of Gryphon and Deloitte will fuel the development of practical AI applications in healthcare. Together, they will champion multi-sector collaboration and risk management strategies to create trustworthy AI solutions through
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