What You Should Know:
- Hippocratic AI, a company developing a safety-focused Large Language Model (LLM) for healthcare raises $53M in Series A funding, bringing their total funding to $120M. The round was co-led by Premji Invest and General Catalyst with participation from SV Angel and Memorial Hermann Health System as well as existing investors Andreessen Horowitz (a16z) Bio + Health, Cincinnati Children’s, WellSpan Health, and Universal Health Services (UHS).
- The company also launched
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Generative AI
AKASA Unveils Gen AI Assistant, Cuts Prior Authorization Time by 50%
What You Should Know:
- AKASA, a leader in generative AI (GenAI) solutions for the revenue cycle, today announced the launch of Authorization Advisor™.
- Authorization Advisor tackles the time-consuming and error-prone process of prior authorization, a major pain point for healthcare providers.
Prior Authorization Made Easy with AI
Prior authorization, a process requiring approval from insurers before delivering certain services, is a significant burden for healthcare providers. It
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Assort Health Secures $3.5M for Generative AI Solution for Healthcare Call Centers
What You Should Know:
Assort Health is introducing the first generative AI solution built specifically for healthcare call centers, promising to erase that dreaded hold music forever.The company is announcing $3.5 million in funding, which will be used to continue scaling the team to meet rapidly accelerating demand with large healthcare organizations.
Revolutionizing Healthcare Communication: Assort Health's AI-Powered Patient Call Automation
Matt Humphrey, Partner at Quiet
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HIMSS24: Google Cloud Unveils New Generative AI Solutions for Healthcare and Life Sciences
What You Should Know:
- At HIMSS24, Google Cloud announced a suite of new generative AI solutions designed to address key challenges faced by healthcare and life sciences organizations.
- These solutions focus on improving interoperability, building a strong data foundation, and deploying generative AI (gen AI) tools to enhance patient outcomes.
Unlocking Gen AI to Improve Healthcare Efficiency
The healthcare industry is grappling with rising administrative costs, clinician burnout,
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Israeli Hospital Develops Generative AI Platform to Improve Mental Healthcare Access
What You Should Know:
- Sheba Medical Center, a leading Israeli hospital, is collaborating with ARC Innovation Center and KPMG to develop a generative AI platform named "Liv" aimed at transforming mental healthcare accessibility.
Mental Health Crisis
The project is driven by the urgent need to address the global mental health crisis, significantly worsened by COVID-19 and other recent events. The lack of qualified mental health professionals creates a bottleneck in the system, leaving
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Elsevier Health Launches Generative AI Clinical Decision Support Tool
What You Should Know:
- Elsevier Health, a global leader in medical information and data analytics, announced the launch of ClinicalKey AI, the first and most advanced clinical decision support tool in the US to leverage generative artificial intelligence (AI).
- Elsevier Health partnered with OpenEvidence, a leader in AI for medicine, on developing ClinicalKey AI. Additionally, Cone Health and the University of New Mexico provided valuable insights during the development
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Hippocratic AI Launches Beta Testing of First Generative AI for Healthcare
Absci Announces $75M Public Offering to Fuel AI Drug Creation
What You Should Know:
- Absci Corporation (Nasdaq: ABSI), a company utilizing generative AI for drug discovery, announced today an initial public offering (IPO) of $75 million in common stock.
- This IPO aims to support the advancement of Absci's internal drug development programs, further investment in their Integrated Drug Creation™ platform, and general corporate purposes.
Offering Details
Absci intends to offer $75M of common stock, with an option to sell an additional $11.25M
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DeepScribe and AWS Partner to Advance AI-Powered Medical Documentation
What You Should Know:
- DeepScribe, a pioneer in AI-powered medical documentation, today announced a collaboration with Amazon Web Services (AWS) aimed at accelerating the secure scaling of large language models (LLMs) within the healthcare sector.
- The strategic partnership will integrate AWS HealthScribe into DeepScribe's platform, fueling the development of even more advanced AI-assisted clinical documentation solutions.
Scale Generative AI in Healthcare
DeepScribe utilizes a
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Abridge Secures $150M to Expand GenAI, Partners with Yale New Haven Health System
What You Should Know:
- Abridge, the leading force in generative AI for clinical documentation, announced today a staggering $150 million Series C funding round led by Lightspeed Venture Partners. The funding also includes participation from new and existing investors like Redpoint Ventures, IVP, Spark Capital, Union Square Ventures, Bessemer Venture Partners, Wittington Ventures, Mass General Brigham Artificial Intelligence and Digital Innovation Fund (AIDIF), Kaiser Permanente Ventures, and
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