What You Should Know: - Anatomy, a leading platform for automating financial operations in healthcare, today announced the launch of its innovative AI-powered Healthcare Lockbox. - This solution tackles a significant pain point for healthcare organizations by automating check digitization and converting Explanation of Benefits (EOBs) into standardized 835 electronic remittance advice documents. The Problem of Manual Payments in Healthcare Traditionally, processing
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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant
Otsuka Precision Health Launches: Personalized Care Powered by AI and Digital Solutions
What You Should Know: - Otsuka America, Inc. (OAI) today announced the formation of Otsuka Precision Health (OPH), a new subsidiary dedicated to transforming patient care through innovative digital solutions and a data-driven approach. - OPH will leverage cutting-edge technology, including artificial intelligence (AI) and digital therapeutics, to personalize patient care journeys across various conditions, from mental health to nephrology. A Patient-Centric Approach Powered by
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NVIDIA Makes Drug Discovery, Medical Imaging, and Genomics Easier with Cloud-Based AI
What You Should Know: - Harnessing the power of AI for healthcare just got simpler. NVIDIA announced the integration of NVIDIA NIM, a collection of cloud-native AI microservices, with Amazon Web Services (AWS). - The strategic collaboration empowers developers to leverage pre-trained AI models for drug discovery, medical imaging analysis, and genomics research – all accessible through user-friendly APIs. Streamlined Access to Powerful AI Tools NIM integrates seamlessly with
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Large Language Models Show Promise for Streamlining Physician Workflows, But Safety Concerns Remain
What You Should Know: - A new study by researchers at Mass General Brigham suggests large language models (LLMs), a type of artificial intelligence (AI), could be a helpful tool for doctors to streamline communication with patients. However, the study also highlights the importance of human oversight to ensure patient safety. - The findings, published in The Lancet Digital Health, emphasize the need for a measured approach to LLM implementation. The Burden of Physician
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Every Cure and BioPhy Partner to Repurpose Existing Drugs Faster with AI
What You Should Know: - BioPhy, an AI drug development company, and Every Cure, a non-profit dedicated to unlocking the potential of existing drugs for new uses, today announced a strategic partnership to revolutionize drug repurposing through artificial intelligence (AI). - The partnership follows Every Cure's recent funding from the Advanced Research Projects Agency for Health (ARPA-H). A successful pilot using AI led to the identification of potential treatments for diseases like sickle
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How AI Can Increase the Success of Clinical Denials Appeals
It’s a perfect storm of financial pressures facing healthcare provider organizations – from rising costs to labor shortages to constrained capacity – that stymies revenue growth. Growing challenges with payer payments only exacerbate these issues. According to a Kaufman Hall report, 73% of leaders surveyed said claims denials, which was the top revenue cycle issue in 2022, had increased in 2023. The cost of denials is staggering. A recent data analysis revealed that providers spent nearly $20
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NCPA Renews Recommendation of Prescryptive AI Pricing: Empowering Pharmacies with AI-Driven Cash Pricing
What You Should Know: - Prescryptive Health, a leading healthcare technology company, today announced the National Community Pharmacists Association's (NCPA) renewed endorsement of Prescryptive AI Pricing. - Prescryptive AI Pricing creates a dynamic and competitive cash pricing system, enabling independent pharmacies to thrive in the ever-evolving healthcare landscape. This AI-powered solution empowers independent pharmacies to optimize cash pricing and enhance their competitive
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Trovo Health Launches with $15M for AI-Powered Intelligent Assistants
What You Should Know: - Trovo Health, a groundbreaking healthcare technology company, announced today its official launch and a $15 million Series A funding round led by Oak HC/FT. - Trovo's mission is to revolutionize patient care by equipping providers with an AI-powered platform backed by a multidisciplinary care team. Empowering Providers to Deliver Exceptional Care Trovo's innovative platform addresses a critical need in healthcare: empowering physicians and other
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AI Model Predicts Heart Disease and Heart Failure, Identifies $1.4B in Potential Savings
What You Should Know: - Cedar Gate Technologies (Cedar Gate), a leader in value-based care technology, announced today the potential for significant healthcare cost savings through early identification of at-risk patients. - An analysis of their national Healthcare Benchmark Database, encompassing nearly 13 million member lives, revealed a staggering $1.4 billion in potential savings. Machine Learning for Early Disease Detection Cedar Gate's platform leverages machine learning
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Upperline Health & Navina Integrate to Drive AI-Driven Value-Based Specialty Care
What You Should Know: · Navina, the AI-driven primary care platform revolutionizing the interpretation of intricate patient data into actionable guidance during care encounters, has unveiled the initial outcomes of its collaboration with Upperline Health. Upperline Health stands as the nation’s largest network committed to value-based specialty care and pioneers of their own ACO REACH. This partnership aims to refine the accuracy of patients’ comprehensive health
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