What You Should Know: - Augmedix, Inc., a provider of virtual medical documentation and live clinical support, today announced that it has partnered with Google Cloud to optimize and integrate automated speech recognition (“ASR”) technology for use in real-world clinical settings. ASR technology is a critical component in the Augmedix technology stack, and Augmedix is now integrating Google Cloud Speech-to-Text into its Notebuilder technology platform, which provides natural language
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Edifecs Acquires Talix to Expand Risk Adjustment Solution
What You Should Know: - Edifecs, a global health IT provider announced it is acquiring Talix, a SaaS IT company, to expand Edifecs’ reach in the encounter management and risk adjustment space. Financial details of the acquisition were not disclosed. - The integration of Edifecs’ and Talix’s technologies will create an expanded risk adjustment solution with critical workflows and insights that improve efficiencies and directly support payer and provider collaboration. Talix
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How AI is Enabling Next-Generation Insights from Biomedical Data
COVID-19 caught the world off-guard, sending governments, populations, and the entire healthcare community — physicians, nurses, scientists, pharmaceutical companies, and medical device manufacturers included — scrambling to discover and deliver rapid solutions as millions of lives hanging in the balance. The heroic efforts of everyone involved have at last brought the end into view; now, as we begin to emerge from the pandemic and are able to assess its long-term impact, one important
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UPMC Spinout Astrata Launches NLP Platform to Improve Value-Based Care
What You Should Know: - UPMC spinout company Astrata launches a natural language processing (NLP) technology platform that allows health insurers to more efficiently analyze unstructured clinical data. UPMC Enterprises, the innovation and commercialization arm of UPMC has incubated and launched Astrata, a digital healthcare quality company. Astrata uses advanced analytics and natural language processing (NLP) to improve value-based care. Founded by Rebecca Jacobson, M.D., M.S. Astrata
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NLP is Raising the Bar on Accurate Detection of Adverse Drug Events
Each year, Adverse Drug Events (ADE) account for nearly 700,000 emergency department visits and 100,000 hospitalizations in the US alone. Nearly 5 percent of hospitalized patients experience an ADE, making them one of the most common types of inpatient errors. What’s more, many of these instances are hard to discover because they are never reported. In fact, the median under-reporting rate in one meta-analysis of 37 studies was 94 percent. This is especially problematic given the negative
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Innovaccer Unveils Risk Adjustment Solution For Improved Coding Accuracy
What You Should Know: - Innovaccer unveils new risk adjustment solution to help providers better segment their population to refine the risk scoring process and improve coding accuracy and efficiency, thereby improving performance on risk-based contracts. - The solution utilizes Artificial Intelligence (AI) and
Natural Language Processing (NLP) to make risk predictions. Innovaccer, Inc., a
leading healthcare
technology company, has launched its Risk Adjustment
Solution. Leveraging
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Parexel Acquires Healthcare NLP Provider Roam Analytics
What You Should Know: - Parexel acquires healthcare software company Roam
Analytics, Inc. to strengthen and enhance Parexel’s pharmacovigilance (PV)
services. - The acquisition provides significant opportunities to
apply Roam Analytics’ natural language processing (NLP) technology to further
streamline and extract insights from unstructured data. - Parexel will also use Roam’s AI technology to leverage
various data, from clinical notes, medical images, patient surveys,
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Ciox Health Acquires Biomedical NLP Company Medal
What You Should Know: - Ciox Health has acquired Medal, Inc., a biomedical
Natural Language Processing (biomed-NLP) technology company. - The acquisition will lead Ciox to better and more
quickly enable real-world data in support of research that advances patient
care. Ciox
Health, a leading health technology company, today announced its acquisition
of San Francisco-based biomedical Natural Language Processing (biomed-NLP)
technology company, Medal, Inc., a leader
in
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SyTrue Offers Free AI-based Solutions to Fight the COVID-19 Pandemic
What You Should Know: - SyTrue offers its free AI-based solutions free of charge to qualified global public health organizations to help researchers and governments battling the COVID-19 pandemic - SyTrue has developed solutions that enable identification of disease trends, early detection, and interventions, safety-monitoring of medicinal therapies, COVID-19 knowledge extraction, and accelerated identification of patient cohorts. The solution will support efforts to identify
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Payment Integrity: Is AI The Real Answer to Reducing Overutilization?
Some experts estimate that $200 billion is wasted each year on unnecessary or excessive medical testing and treatment. This could be up to 40% of the unnecessary spending in the system today.
Despite the extreme focus to reduce the total amount spent on healthcare, why does extensive spending on unnecessary or excessive tests or procedures continue? The easy answer is because it is often difficult to spot what is unnecessary or excessive.
There are certainly moments when overutilization of
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