What You Should Know:
- Youlify, a physician-founded AI company rebuilding the financial backbone of healthcare, today announced $4.3 million in seed funding to help hospitals and doctors get paid faster and more accurately.
- The platform replaces traditional billers with AI and provides an end-to-end revenue cycle management platform that completely automates coding, claims, and denial recovery. The round was led by Brett Queener at Bonfire Ventures, with participation from Top Harvest
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Generative AI
Assort Health Raises $26M for Specialty-Specific GenAI Platform for Managing Patient Phone Calls
What You Should Know:
- Assort Health, a company specializing in AI solutions for managing patient phone calls in healthcare, has announced a new round of institutional financing co-led by First Round Capital and Chemistry, with continued support from existing investor Quiet Capital, bringing the company's total funding to $26M.
- The funding will be used to accelerate Assort Health's mission of improving access to care by addressing the issues of long hold times and scheduling
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Sharp HealthCare to Deploy Abridge GenAI Platform to Enhance Clinical Documentation
What You Should Know:
- Sharp HealthCare, the largest integrated health system in San Diego, is set to implement the Abridge generative AI platform across its enterprise.
- The implementation will streamline the creation of medical documentation, ensuring it is comprehensive, compliant, and billable, thereby enabling clinicians to dedicate their full attention to patient care. Abridge's technology will be deployed throughout Sharp HealthCare locations, which collectively serve over one
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UiPath Launches Medical Record Summarization AI Agent, Powered by Google Cloud
What You Should Know:
- UiPath, an enterprise automation and AI software company, has unveiled its new generative AI-based UiPath Medical Record Summarization agent at Google Cloud Next 2025.
- Powered by Google Cloud's Vertex AI and Gemini models, the platform is designed to transform how payer and provider organizations handle medical documents.
UiPath Medical Record Summarization AI Agent
Currently in private preview, the UiPath Medical Record Summarization AI agent
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Gen AI Adoption Surges in Healthcare, Leaders See Potential for Transformation
What You Should Know:
- Generative AI (Gen AI) is rapidly changing the healthcare industry, and a recent McKinsey survey reveals that a large majority of healthcare leaders are actively exploring or implementing this technology.
- The latest survey, conducted in Q4 2024, provides insights into the evolving perspectives and approaches of payers, health systems, and healthcare services and technology (HST) groups.
Widespread Adoption and Implementation
The survey found that 85%
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brain.space Secures $11M to Pioneer Generative AI Mental Modeling
What You Should Know:
- brain.space, the innovator behind the first-ever Brain-Data-as-a-Service Ecosystem for Generative AI Mental Modeling secures $11M in Series A funding round led by Toyota Ventures.
- The round also included with strong participation from Mangrove Capital Partners, The Group Ventures and a $3.5M non-dilutive grant from the Israel Innovation Authority, will propel the company's mission to transform how we understand and predict human
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Report: AI and Automation to Reshape Revenue Cycle Management
What You Should Know:
- A new report from Everest Group, supported by Omega Healthcare, highlights the transformative impact of artificial intelligence (AI) and automation on revenue cycle management (RCM) in healthcare.
- The study, titled "Realizing the Promise of Tech-Enabled, AI-Driven Revenue Cycle Management (RCM): Outsourcing in the New Era," reveals that 85% of senior healthcare executives believe AI will significantly improve RCM efficiency in the next five
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Abridge Raises $250M to Advance AI-Powered Clinical Documentation
What You Should Know:
- Abridge, a provider of generative AI solutions for healthcare, today announced a $250M Series D funding round, bringing its total capital raised to over $425M.
- The investment, co-led by Elad Gil and IVP, comes as Abridge surpasses 100 deployments at major health systems across the United States.
Addressing Challenges in Clinical Documentation
Incomplete clinical notes are a major challenge for healthcare systems, leading to delays in billing,
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Press Ganey Partners with Microsoft to Develop GenAI Solutions
What You Should Know:
- Press Ganey, the leading provider of experience measurement, data analytics, and insights for health systems and health plans, has announced a strategic collaboration with Microsoft.
- This collaboration will enable the development of a suite of generative AI-powered solutions that redefine actionable insights, driving transformational improvements in the safety, quality, and experience of care delivery.
Press Ganey and Microsoft
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Rad AI Secures $60M for Generative AI Solutions for Radiology
What You Should Know:
- Rad AI, one of the fastest-growing healthcare AI companies and the first to develop a large language model in healthcare, today announced a $60M Series C. The oversubscribed round was led by Transformation Capital, with participation from existing Khosla Ventures, World Innovation Lab, UP2398, Kickstart Fund, OCV Partners, Cone Health and others.
- This raise comes seven months after their $50M Series B.
Rad AI: Advancing Radiology with Generative AI
Rad AI
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