In the span of 10 years, healthcare organizations (HCOs) have gone from having very little information available for data mining to nearly drowning in vast and complex digital information. Simultaneously, the effort required to enter and clean the data has been unsustainably high, affecting clinician morale and analysts’ ability to extract insights for improving population health.All that is about to change for the better. As revealed in the latest Chilmark Research report, Natural Language
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Lumiata Raises $11 Million to Accelerate AI Powered Health Analytics
Lumiata raises $11M from Khosla Ventures, BlueCross BlueShield Venture Partners, and Intel Capital to fuel transformation of healthcare across insurers, providers and employers through predictive analytics. Lumiata, a San Mateo, CA-based provider of AI-powered health analytics for managing cost and risk, today announced it has raised $11 million in funding co-led by Khosla Ventures and BlueCross BlueShield Venture Partners. The investment was secured under the leadership of Dilawar Syed, who was
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Medical Office AI Assistant Nimblr Integrates with Amazon Alexa
Nimblr, which offers the first AI assistant for medical appointments, announced today its platform integration with Amazon Alexa, enabling patients to book and reschedule appointments using voice commands, eliminating the need to pick up the phone. Other voice command platforms will follow in the near future. Nimblr’s Holly AI assistant is meant to automate medical practices’ appointment cycle, to help reduce no-shows, a huge problem that costs the industry up to $150B a year. It also
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AI & Machine Learning is Shaping the Future of Healthcare Delivery
An Accenture report was released at HIMSS18 with a bold prediction: the healthcare artificial intelligence (AI) market may hit $6.6 billion in the next three years. In 2014, that number was just $600 million, meaning the AI healthcare market could see an eleven fold increase in value in less than a decade.The survey showed that as of 2018, one in five U.S. consumers have already used healthcare services “powered by artificial intelligence,” and many are open to AI clinical services, like
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HSBlox Unveils AI-Powered EMPI Solution to Ensure Secure Patient ID Matching & Sharing
HSBlox’s new Enterprise-wide Master Patient Index (EMPI) utilizes machine learning to improve patient safety with secure, accurate sharing of patient data throughout the healthcare landscape. HSBlox, a healthcare blockchain-focused company that is bringing innovation and transparent economics to the healthcare ecosystem, today announced the launch of its SmartMPI solution, which utilizes machine learning to provide next-generation patient ID matching and secure, transparent sharing of patient
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Cedar Raises $36M for Modern Patient Financial Management Platform
Cedar, the patient financial management platform for hospitals, health systems and independent medical groups, today announced a Series B fundraising round of $36 million, led by the global investment company Kinnevik. Participants in the round include existing investors Founders Fund and Thrive Capital, as well as Lakestar, Sound Ventures, Kevin Systrom of Instagram and Nat Turner of Flatiron Health. Cedar plans to use the funding to further invest in the next generation of its innovative
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Why Understanding Your Patients’ Emotions Is Key to Improving Patient Experience
Understanding your patients' emotions is the key to improve your healthcare business' performance. It can show you on what fronts you're lacking and guide you to find ways to improve upon those fronts. The process used to understand patients' emotions is called patient sentiment analysis. It can help your healthcare business to not only perform better but also grow consistently. A healthcare business' consistent growth relies upon two things:1. A high level of patient experience, resulting in a
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Hackensack Invests in Home Care Robot, Pillo Through $25M Innovation Fund
Hackensack Meridian Health, today announced it has invested in Pillo, an AI-powered home care robot companion that empowers patients to better manage their health at home, connecting them to caregivers and family members. The investment marks the first product funded through Hackensack Meridian Health’s $25 million innovation program to support the improvement of health care delivery. The health network’s novel incubator has vetted many products and strategies to streamline care delivery, reduce
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Zebra Medical Vision Raises $30M, Unveils AI-Based Chest X-Ray Reader
Zebra Medical Vision, an Israeli-based machine and deep learning startup utilizing big data to diagnose diseases far better than radiology has raised $30 million in Series C funding led by aMoon Ventures. The round also included particpation from Aurum, Johnson & Johnson Innovation JJDC Inc. and Intermountain Healthcare and leading global AI scientists Professor Fei Fei Lee and Richard Socher. The latest round brings the total investment in the company to $50M. Founded in 2014, Zebra
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nference Raises $11M to Synthesize the World’s Biomedical Knowledge
nference, a Cambridge, MA-based company on a mission to synthesize the exponentially growing biomedical knowledge has raised $11 million in Series A funding led by Matrix Partners. The round also included participation from existing investor Matrix Capital Management. The company plans to utilize the funding to develop the company’s AI and R&D platforms, expand scientific operations in Cambridge MA and establish nference Labs in Bangalore, India.Founded by Murali Aravamudan and Venky
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