What You Should Know
A report by the Center for Connected Medicine (CCM) at UPMC and KLAS Research reveals that while 93% of surveyed health system leaders have deployed third-party AI, strategy and testing infrastructure lag far behind.Clinical documentation and ambient scribing lead deployment at 52%, followed by revenue cycle and coding (36%), medical imaging (32%), and EHR-embedded clinical decision support (32%).While 92% of organizations conduct pre-deployment testing, less than half
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UPMC Enterprises
Smile Digital Health Closes $30M to Expand Health Data Fabric Platform
What You Should Know:
- Smile CDR Inc. (doing business as Smile Digital Health) ("Smile"), a FHIR® health data fabric (HDF) and exchange solutions provider raises $30M in Series B growth capital led by existing investors including UPMC Enterprises.
- Founded in 2016, Smile's HDF platform uses industry-leading HDF architecture and ONC-compliant, event-driven FHIR APIs to allow healthcare providers, payers and IT vendors to build secure,
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M&A: Arrive Health Acquires UPMC Enterprises Pharmacy Technology
What You Should Know:
- Arrive Health, a provider of real-time benefit tools and integrated solutions that improve patient affordability, today announced the acquisition of a suite of innovative patient engagement and automation technologies developed by UPMC Enterprises and the UPMC Pharmacy Network.
- The acquisition adds AI-driven virtual assistant technology and a robust patient management system to its affordability offerings, expanding support for more than 200 million
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Redesign Health Raises $65M to Build Next-Gen Health Startups
What You Should Know:
- Redesign Health, a healthcare company that researches, builds and launches other healthcare companies raises $65M in Series C funding led by General Catalyst with participation from CVS Health Ventures, UPMC Enterprises (the innovation and venture capital arm of leading health system UPMC), Eden Global Partners, Euclidean Capital, Samsung Next, TriplePoint Capital, and founding investor Declaration Partners.
- In addition, General Catalyst,
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Abridge Secures $12.5M to Power AI-Powered Medical Conversations
What You Should Know:
- Abridge, the leader in medical conversation artificial intelligence (AI), today announced an oversubscribed $12.5M Series A-1 led by Wittington Ventures.
- The round also had participation from all existing investors including Union Square Ventures, Bessemer Venture Partners, Pillar Venture Capital, and UPMC Enterprises, and new investors including Turing Award winner Yoshua Bengio, and Whistler Capital.
Automated Solutions to Combat Physician
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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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Corindus Vascular Robotics CEO Departure, UPMC Enterprises’ New President, Nordic Consulting’s New CIO, Other Health IT Hires
Mark Toland, CEO of Corindus Vascular Robotics (acquired by Siemens for $1.1B last year), has announced his departure and will be joining BioStar Capital, a health-tech venture capital group focused on cardiovascular and orthopedic medical devices. As a partner and entrepreneur in residence, Mark will help to identify and develop innovative companies leveraging AI, deep learning, robotics, and other transformative technologies that address a wide range of unmet needs. The BioStar team has
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Report: Digital Health Tools Fail to Keep Up with Patients’ Expectations
- New research report from the Center for Connected Medicine (CCM) finds that health system apps and other digital health tools for patients are not providing the best consumer patient experience.
- CCM partnered with HIMSS Media to conduct a survey of 136 qualified professionals at U.S. hospitals and health systems in September 2019.
- The report reveals that fewer than 1 in 3 respondents believe their organization is providing a best-in-class digital experience for patients. The result
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3 Underfunded Areas Essential To The Success of Value-Based Care
- Third annual Top of Mind for Top Health Systems survey from the Center for Connected Medicine (CCM) reveals value-based care depends on three underfunded technologies. - KLAS Research shows patient engagement, data analytics, and precision medicine drives better treatments, but barriers remain.As healthcare continues to shift toward value-based care, technology that boosts patient engagement, harnesses all available data for informed decision-making and enables more effective treatments will
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Pittsburgh Health Data Alliance, Amazon Partner on Machine Learning Research Sponsorship
Pittsburgh Health Data Alliance (PHDA) announced today that it is working closely with Amazon Web Services (AWS), an Amazon.com company, through a machine learning research sponsorship, to advance innovation in areas such as cancer diagnostics, precision medicine, voice-enabled technologies and medical imaging.Leveraging Machine Learning to Power Medical ResearchA unique consortium formed four years ago by UPMC, the University of Pittsburgh and Carnegie Mellon University (CMU), the PHDA uses
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