Healthcare Lags in AI Adoption Despite Potential Benefits, Study Reveals
– A recent study conducted by Access Partnership for Amazon Web Services (AWS) highlights a significant discrepancy between the perceived benefits of artificial intelligence (AI) in healthcare and the industry’s current preparedness to utilize it effectively. – The study underscores the need for collaboration between healthcare organizations and technology...
GLP-1 Revolution, Non-Traditional Delivery, and Telehealth Expansion
The past few years have seen upheavals in healthcare, and 2024 so far shows no signs of breaking that pattern. While the fundamentals of healthcare remain the same – caregivers treating patients – the who, how and where are changing, driven by shifting demographics, evolving consumer preferences, technological advancements and revolutionary drugs.
Philips Appoints Charlotte Hanneman as New CFO, Succeeding Abhijit Bhattacharya
– Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, has announced the appointment of Charlotte Hanneman as its new Chief Financial Officer (CFO). – Ms. Hanneman will join the company’s Board of Management on June 1, 2024, officially assuming the CFO role on October 1, 2024. She will succeed Abhijit Bhattacharya, who will retire on September 30, 2024, after a successful 37-year career with Philips.
Redi Health Secures $14M to Transform Patient Support Programs
– Redi Health, an innovator in digital health solutions, announced today the successful closing of a $14 million Series B funding round. – The Series B round, led by Blue Heron Capital, with participation from North Coast Ventures and existing investors, empowers Redi Health to accelerate growth and further establish itself as a leader in the digital health space.
Absci Announces $75M Public Offering to Fuel AI Drug Creation
– Absci Corporation (Nasdaq: ABSI), a company utilizing generative AI for drug discovery, announced today an initial public offering (IPO) of $75 million in common stock. – This IPO aims to support the advancement of Absci’s internal drug development programs, further investment in their Integrated Drug Creation™ platform, and general corporate purposes.
Belong.Life Launches Conversational AI Cancer Mentor
Belong.Life, a leading global provider of AI-powered patient education and support solutions, has unveiled the BelongAI Dave – Cancer Mentor app to bring the most advanced and comprehensive cancer support technology to patients and caregivers around the world. The new solution marks a significant step forward in personalized cancer...
Integrating AI Co-Pilots: A New Era of Intelligent Healthcare Management
The integration of AI into healthcare workflows presents a tremendous opportunity for transformation –– and for new levels of productivity in a time when administrative functions surrounding claims adjudication, provider reimbursement, and related functions are complicating operations and affecting efficiency. AI Co-Pilots offer an innovative approach to addressing these issues by driving efficiency, accuracy, and value in payment integrity.
Veradigm Acquires ScienceIO for $140M in Cash to Accelerate AI Innovation in Healthcare
– Veradigm Inc. (NASDAQ: MDRX), a provider of healthcare data and technology solutions, announced an agreement to acquire ScienceIO, a leader in healthcare AI platform and foundation models. – The acquisition is valued at $140 million in cash, with $44 million deferred and payable in installments over three years. Veradigm...
FamilyWell Secures $4.3M to Combat Maternal Mental Health Crisis
– FamilyWell Health, a company dedicated to improving maternal mental health, announced today they have secured $4.3 million in seed funding led by .406 Ventures, with participation from GreyMatter Capital and Mother Ventures. – The funding will fuel FamilyWell’s national expansion, tackling the crucial issue of maternal mental health. An...
Know Labs Unveils KnowU: Wearable Non-Invasive CGM Poised to Revolutionize Glucose Monitoring
– Know Labs (NYSE American: KNW), a leading innovator in non-invasive medical diagnostic technology, today announced the unveiling of its KnowU™, a wearable, non-invasive continuous glucose monitor (CGM). – With over 270 patents issued, pending, and in process, Know Labs has established a solid foundation for its technology, creating...
Color Health, BCBS National Labor Office Partner to Empower Unions in the Fight Against Cancer
– Color Health, a leader in comprehensive cancer solutions, announced today a Strategic Alliance partnership with the Blue Cross Blue Shield (BCBS) National Labor Office (NLO). – Through this alliance, Color Health and BCBS NLO aim to empower union leaders with the tools and resources needed to equip their members...
How to Use NBA in Pharma Sales: Best Practices
Next Best Action has been one of the most important approaches for sales in recent years, including for pharmaceuticals. But because selling pharma is significantly different than selling other products, pharma-oriented NBA approaches need to be significantly more sophisticated than NBA for other industries. Pharma sales teams looking to implement NBA need to embrace an updated, data-driven version of this approach, known as NBA 2.0, along with the appropriate tools, including advanced AI and data analytics platforms.
Imprivata Unveils Imprivata Biometric Patient Identity
– Imprivata, a provider of digital identity solutions for critical industries, today announced the launch of Imprivata Biometric Patient Identity. This innovative solution utilizes facial recognition technology to address the growing issue of patient misidentification in healthcare. – Integrated with Epic, Imprivata Biometric Patient Identity empowers healthcare providers to confidently...
Arcadia Launches Lakehouse-Powered Data Platform
– Arcadia, a healthcare technology company, announced today the launch of its next-generation data platform powered by an open lakehouse architecture. – By providing a robust, secure, and scalable data platform, Arcadia empowers healthcare organizations to leverage the power of big data, accelerate their digital transformation journey, and ultimately improve patient care.
b.well Connected Health Secures $40M to Revolutionize Fragmented Healthcare Landscape
– b.well Connected Health, a leading platform provider for connected healthcare ecosystems raises $40M in Series C funding led by Leavitt Equity Partners. – b.well’s FHIR-based platform empowers healthcare organizations to create a unified experience for consumers, allowing them to manage their health information, receive valuable insights, and access care services conveniently.
GE HealthCare, Biofourmis Partner to Enhance Patient Care with At-Home Solutions
– GE HealthCare (Nasdaq: GEHC) and Biofourmis announced a strategic collaboration today, aiming to revolutionize patient care by enabling safe and effective care at home. – The strategic partnership leverages the expertise of both companies to deliver innovative care-at-home solutions, improving patient experiences and addressing healthcare system challenges. – GE...
Developing a Robust Data Strategy for Healthcare Organizations
Having a comprehensive data strategy is paramount in the healthcare sector. Data can be both a blessing and a curse for healthcare organizations, depending on how well they manage their data. On one hand, data is the key to unlocking personalized medicine, research breakthroughs, and effective population health management. On the other hand, data can be a major source of risk. Poor data security can compromise sensitive patient information, erode confidence in healthcare institutions, and lead to poor care decisions.
Alamar Biosciences Raises $128M to Accelerate Proteomics Platform
– Alamar Biosciences, a leader in precision proteomics for early disease detection raises $100M in Series C round, with an additional $28M expected within the next 30 days. This brings their total funding to nearly $250M. – The Series C funding round was led by led by Sands Capital, with...
DeepScribe and AWS Partner to Advance AI-Powered Medical Documentation
– DeepScribe, a pioneer in AI-powered medical documentation, today announced a collaboration with Amazon Web Services (AWS) aimed at accelerating the secure scaling of large language models (LLMs) within the healthcare sector. – The strategic partnership will integrate AWS HealthScribe into DeepScribe’s platform, fueling the development of even more advanced...
Hello Heart Appoints Assaf Ohana as its First Chief Product Officer
– Hello Heart, a provider of innovative digital health solutions appoints Assaf Ohana as its inaugural Chief Product Officer. – Prior to joining Hello Heart, Ohana served as Chief Product Officer at ActiveFence and Alto Pharmacy, where he played instrumental roles in developing cutting-edge products aimed at improving healthcare accessibility and efficiency. His extensive background in product leadership includes notable tenures at Instacart and Upwork, where he spearheaded the development of transformative digital platforms.
HIT Consultant delivers news, analysis, and commentary surrounding the transformation of healthcare technology. We go inside hospital IT departments, company boards, payer offices, physician practices, investors’ roundtables and political backrooms for a well-rounded view of the healthcare IT landscape. HIT Consultant examines the challenges, innovations, strategies, along with the political and regulatory trends faced by today’s healthcare business leaders. Our authoritative network of contributors helps provide invaluable and firsthand insights from the people and places that matter the most to our readership.