Now that we’re halfway through 2024, we’ve gained significant insights into the most pressing healthcare issues facing our industry and how they might shape the future. From regulatory hurdles to technological advancements, our sector is at a pivotal juncture, and understanding these dynamics will be crucial for all stakeholders involved.
Here are some of these key challenges and explore the strategies that could help guide us through the rest of the year.
Challenges on the Horizon:
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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant
Yung Sidekick Raises $825K for AI-Powered Progress Notes for Therapists
What You Should Know:
- Yung Sidekick, a US-based mental health startup, announced it has raised $825K in pre-seed funding to advance its AI-powered platform that automates administrative tasks, such as note-taking, for mental health professionals.
- The round was led by Altair Capital and Ultra.VC, with participation from other VCs and angel investors. The funding will enable Yung Sidekick to accelerate its product development and roll out new features that will streamline supervision,
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Pager Health Reimagines Personalized Healthcare with Generative AI
What You Should Know:
- Pager Health, a connected health platform company serving more than 26 million members in the United States and Latin America, today announced the launch of ReallyWellSM.
- Combining clinical support, wellness services and contextual navigation, ReallyWell leverages generative AI to conduct deep-dive analyses of all-encompassing data sets for each member and patient, creating an unprecedented, one-size-fits-one personalized engagement experience for
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Claimable Launches AI-Powered Appeals Platform to Fight Unjust Healthcare Denials
What You Should Know:
- Claimable, a healthcare technology innovator, is taking on the pervasive issue of healthcare claim denials with the launch of its AI-powered appeals platform.
- This solution leverages advanced AI to analyze clinical research, policy details, appeals data, and patients' individual medical circumstances to generate and submit customized appeals in mere minutes.
Combating a Broken System
The U.S. healthcare system is plagued by an alarming rate of
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FOMO Drives AI Investment in Healthcare, Despite Trust Concerns
What You Should Know:
- A new study by intelligent automation company ABBYY reveals that fear of missing out (FOMO) is a major factor driving AI investment in healthcare.
- The study reveals that 57% of global healthcare providers expressed concern that their organizations will fall behind if they don't embrace AI.
Efficiency and Patient Service as Key Drivers
While FOMO plays a role, over half (52%) of healthcare leaders also cite increased efficiency and improved
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How AI Is Transforming Rehabilitation Healthcare Administration
Administrative tasks are essential for ensuring high-quality patient care in health care, and the rehabilitation sector is no different. The sheer volume of patients can lead to an overwhelming burden of manual recordkeeping. Any inefficiency not only undermines the quality of care by causing delays for patients but also leads to therapist burnout.
It may be surprising to learn that, according to a U.S. clinician poll, 92% of clinicians agree that administrative stress is a major cause of
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Avo Launches EHR-Integrated AI Consult Tool
What You Should Know:
- Avo, a provider of healthcare AI solutions, announces the launch of Ask Avo, a first-of-its-kind, customizable AI consult tool that seamlessly integrates into Electronic Health Records (EHR) systems.
- Ask Avo harnesses patient data, institutional protocols, and updated medical guidelines to deliver trustworthy and relevant responses to complex clinical questions.
Empowering Clinicians with Actionable AI
Ask Avo functions as a "digital front door"
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WellSpan Health Launches First Patient-Facing GenAI Healthcare Agent
What You Should Know:
- WellSpan Health, a leading integrated healthcare provider known for its innovation, is partnering with Hippocratic AI, a pioneer in healthcare-focused large language models, to introduce a groundbreaking clinical GenAI healthcare agent.
- The conversational AI-powered service will directly interact with patients, enhancing healthcare access, equity, and outcomes.
Improve Access and Health Screening for Patients
Hippocratic AI's GenAI agent,
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How GenAI Solves for Challenges in the Healthcare Front Office
While in recent years healthcare has made significant strides toward optimizing the customer experience, the industry is now at an inflection point with the adoption of generative AI (GenAI). With its highly trained and expensive talent and mountains of unstructured data, healthcare is uniquely suited to leverage GenAI to drive productivity and an improved consumer and employee experience. In fact, according to McKinsey, healthcare companies could unlock up to $1 trillion in value by
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Qure.ai Raises $65M to Expand Healthcare AI Solutions Globally
What You Should Know:
- Qure.ai, a prominent global innovator in healthcare AI, has successfully closed a $65M in Series D funding round led by Lightspeed and 360 ONE Asset, with contributions from Merck Global Health Innovation Fund and Kae Capital. The round also included participation from existing investors, including Novo Holdings, HealthQuad, and TeamFund.
- This substantial investment will accelerate the company's expansion into the US market and other regions, boost
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