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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Generative AI
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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Abridge Launches Epic Integrated AI Solution for Emergency Medicine
What You Should Know:
- Abridge, a provider of generative AI solutions for healthcare launches Abridge Inside for Emergency Medicine, a new suite of enhancements designed specifically for the fast-paced and demanding environment of emergency care.
- The solution integrates seamlessly with Epic's ASAP module in Haiku and Hyperspace, transforming high-pressure clinical conversations into structured notes and reducing administrative burden on emergency medicine
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Beacon Health to Deploy Xsolis’ GenAI Solution to Streamline Medical Necessity Reviews
What You Should Know:
- Beacon Health System is expanding its partnership with Xsolis, a provider of AI-driven solutions for healthcare to deploy its generative AI technology for streamlining medical necessity reviews.
- The expanded partnership builds on the successful implementation of Xsolis' AI platform at Beacon Health System in 2019, which has already generated over $95M in savings.
Reduce Administrative Burden and Improve Efficiency in Healthcare
The healthcare
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AWS, General Catalyst to Develop GenAI Solutions for Personalized Healthcare
What You Should Know:
- Amazon Web Services (AWS) and General Catalyst, a global investment firm, are embarking on a groundbreaking collaboration to transform healthcare through the power of generative AI.
- The strategic partnership brings together AWS's technological expertise and General Catalyst's deep healthcare investment experience to address critical challenges and reimagine the future of care delivery.
Leveraging GenAI for Personalized Healthcare
By combining
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Qualified Health Launches with $30M to Develop the Infrastructure for GenAI in Healthcare
What You Should Know:
- Qualified Health today announced its launch with $30 million in seed funding to develop the infrastructure for generative AI in healthcare.
- The major investors are SignalFire, Healthier Capital, Town Hall Ventures, and Frist Cressey Ventures, along with participation from Intermountain Ventures, Flare Capital Partners, and prominent healthcare and technology sector angels.
Qualified Health Launches Comprehensive Generative AI Platform to Revolutionize
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