What You Should Know:
- Nirvana, a health tech startup leveraging AI to revolutionize insurance verification and eligibility secures $24.2M in Series A funding led by Northzone, a global VC firm, with participation from Inspired Capital, Eniac Ventures, and Surface Ventures.
- Nirvana's successful Series A funding round highlights the growing recognition of the need for transparency and efficiency in healthcare billing.
Transforming Healthcare Billing
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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant
Did AI Cause HIPAA Fines to Double in a Single Year?
In 2023, HIPAA fines amounted to $4,176,500, which is a rise of over $2,000,000 in 2022. So yes, HIPAA fines have doubled. But why?
Technology in healthcare has been a constant battle between progress and pain, and the relationship has grown increasingly complex over recent years. The Health Insurance Portability and Accountability Act (HIPAA) is one of the most well known regulatory frameworks in the healthcare industry, and it establishes safeguards for protecting sensitive patient
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Hackensack Meridian Health Launches 24/7 AI-Powered Primary Care Access
What You Should Know:
- New Jersey's leading health network, Hackensack Meridian Health, is set to revolutionize primary care access with the upcoming launch of HMH 24/7, an AI-driven platform that seamlessly integrates virtual and in-person care.
- This new primary care initiative is a response to the evolving landscape of healthcare delivery, offering patients a convenient and connected way to manage their health.
HMH 24/7: A New Era of Accessible, Personalized Care
HMH
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AI Agents in Healthcare: Retaining Talent, Improving Patient Care
The aging population is creating an unprecedented demand for healthcare services while the available healthcare workforce is declining. Meanwhile, the healthcare system continues to rely heavily on manual processes which have to date been powered by people. After a patient visit, a healthcare provider typically requires a full administration team to manage data across various systems, just to receive reimbursement
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Generative AI Shows Promise in Reducing Bias in Opioid Prescriptions
What You Should Know:
- A groundbreaking study from Mass General Brigham researchers has revealed that large language models (LLMs), like ChatGPT-4 and Google's Gemini, exhibit no racial or gender bias when suggesting opioid treatment plans.
- This finding, published in PAIN, suggests that AI has the potential to mitigate provider bias and standardize treatment recommendations in the often-fraught area of pain management.
AI's Role in Addressing Healthcare
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AI-Powered Sonio Detect Granted CE Mark
What You Should Know:
- Sonio, a medtech company dedicated to women's and children's health, announced today that it has received CE marking for its innovative product, Sonio Detect.
- The AI-powered software, already available in the United States, is now poised to enhance ultrasound examinations and improve care quality in France and throughout Europe.
Sonio's Mission and Milestones
Founded in 2020 with the mission to improve the health of women and children globally,
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Candid Health Secures $29M for Revenue Cycle Automation Platform
What You Should Know:
- Candid Health, the innovative revenue cycle automation platform designed for healthcare providers raises $29M in a Series B funding round led by 8VC, with participation from existing investors First Round Capital, BoxGroup, and Y Combinator.
- This latest investment brings the company's total funding to $47M.
Simplifying Medical Billing, Empowering Providers
Candid Health is committed to simplifying the complex and often frustrating process of medical
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Fathom Autonomous Medical Coding Available in Epic Toolbox
What You Should Know:
- Fathom, a pioneer in autonomous medical coding, announced today that its technology has been added to Epic's Toolbox program within the Fully Autonomous Coding category.
- By being part of Toolbox, Fathom can reach a wider audience of healthcare providers and demonstrate its compatibility with Epic's systems.
Transforming Medical Coding
Fathom's autonomous coding technology empowers healthcare organizations to overcome workforce challenges and
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Sheba Medical, Paradigm Health Partner to Optimize Clinical Trials
What You Should Know:
- Sheba Medical Center, Israel’s largest hospital, and ARC Innovation, the innovation arm of Sheba, has announced a strategic partnership with Paradigm Health to establish a global network for clinical research.
- This collaboration aims to revolutionize the way clinical trials are conducted, making them more accessible, efficient, and patient-centered.
Leveraging AI to Optimize Clinical Trials
The partnership will utilize Paradigm's AI-driven
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Innovaccer Launches AI-Powered Care Management Copilot
What You Should Know:
- Innovaccer Inc., a leading healthcare AI company, announced the launch of its Care Management Copilot.
- This new solution brings Innovaccer’s healthcare-native AI model, Sara, into its industry-leading care management solution, reducing the documentation burden on care managers, saving them over ten hours per week, and enabling them to engage 30-40% more patients.
Enhancing Care Management Efficiency with Innovaccer's Copilot
Care managers frequently face
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