What You Should Know: - CipherHealth, a provider of patient-centered engagement launches a new strategic initiative to leverage Google Cloud’s Vertex AI platform to revolutionize hospital operations and patient care. - CipherHealth is building, training, deploying, and managing machine learning and AI models across products and across the spectrum of care. Google Cloud's Vertex AI to Accelerate Development of AI and Machine Learning Models CipherHealth selected Google Cloud to
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Abridge Raises $30M for Generative AI Scribe to Tackle Clinician Burnout
What You Should Know: - Abridge, a company leading the way in generative AI for healthcare raises $30M in Series B funding led by Spark Capital, along with several leading healthcare innovators, including Mayo Clinic, Kaiser Permanente Ventures, CVS Health Ventures, UC Investments, Lifepoint Health, SCAN Health Plan, and the American College of Cardiology. - Abridge’s generative AI scribe automatically converts a patient-clinician conversation into a structured clinical note draft in
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Talkspace Appoints New Chief Medical Officer
What You Should Know: - Talkspace, an online behavioral health company, announced the appointment of Nikole Benders-Hadi, MD, as Chief Medical Officer. - As CMO, Dr. Benders-Hadi will lead Talkspace's clinical practice, partnering with providers to deliver the highest quality digital mental health care as Talkspace continues to grow and scale. - She will be pivotal in elevating the company's clinical offering, including leveraging clinical data and technology to deliver better patient
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Missouri Hospital Taps RapidAI to Enhance Rural Stroke Care
What You Should Know: - Texas County Memorial Hospital, a hospital in rural Missouri has selected RapidAI to deploy its core stroke imaging and workflow products. - As a Level III stroke center, TCMH’s closest Level I facility is over 90 miles away, posing a significant barrier to timely treatment for stroke patients in the community. - With Rapid’s technology, TCMH will now be able to analyze high-res CT scans in real-time, detect suspected ICH and LVO more effectively and make
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RadiantGraph Launches with $5M to Bring AI Personalization to Health Plans
What You Should Know: - RadiantGraph, a platform using machine learning and artificial intelligence to drive consumer engagement for health plans, today announced its launch today after raising $5 million in Seed funding in a round led by True Ventures and XYZ Ventures, with participation from Remus Capital. - The company plans to use the funding to accelerate growth, which includes partnering with new healthcare organizations and advancing their enterprise health and
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Israel Defense Forces to Utilize UltraSight’s PoCUS Devices in Combat
What You Should Know: - UltraSight – an AI-powered micro-ultrasound company that is revolutionizing cardiac sonography to enable more accurate and timely clinical decisions – is now offering its services to the Israel Defense Forces (IDF). The device has FDA clearance and is now available in Israel, the UK, and the US. - Many of the IDF soldiers will now have an ultrasound in their pocket. The PoCUS devices – powered by UltraSight’s software - deliver
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OrbiMed Secures $4.3B to Invest in Healthcare Startups Globally
What You Should Know: - OrbiMed, a global healthcare investment firm raises $4.3B in commitments across its four investment funds: OrbiMed Private Investments IX, OrbiMed Asia Partners V and OrbiMed Royalty & Credit Opportunities IV. - The $4.3B will be used to invest globally, from the seed stage for start-ups incubated by OrbiMed through growth capital opportunities. Investors in these new funds include a broad range of medical institutions, university endowments, foundations,
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Hospital Leaders: Workforce Shortages Persist Amid Stabilization
What You Should Know: - Hospitals and health systems are seeing some signs of stabilization and margin improvement, but challenges around workforce, expenses and patient access persist according to Kaufman Hall’s 2023 State of Healthcare Performance Improvement report. - Kaufman Hall experts expect that it will be a slow climb for hospitals to return to the 3-4% operating margins that help ensure long-term sustainability. While staffing and capacity issues have clear
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UnitedHealthcare, RUSH Health Form Medicare Advantage Relationship
What You Should Know: - UnitedHealthcare and RUSH Health announced a new relationship that will give UnitedHealthcare Medicare Advantage plan members network access to all RUSH Health locations in Illinois for the first time, effective immediately. - The multi-year agreement, effective Oct. 1, provides UnitedHealthcare Medicare Advantage plan members with enhanced access to quality care and provides a new option as they choose which health plan best meets their healthcare needs
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M&A: PicnicHealth Acquires Rare Disease Platform AllStripes
What You Should Know: - Patient-centered health data company PicnicHealth today announced it has acquired AllStripes, a healthcare technology company dedicated to unlocking new treatments for people with rare diseases. Financial terms of the transaction are not disclosed. - Founded in 2017, AllStripes has developed a technology platform that generates research-ready evidence to accelerate rare disease research and drug development, as well as a patient application that empowers
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