Health IT Product News Report August 2024
Allied Market Research reports that the global healthcare information technology (IT) market size was valued at $250,577.15 million in 2020, and is projected to reach $880,688.75 million by 2030, registering a CAGR of 13.3% from 2021 to 2030.
Data Bridge Market Research reports the market drivers and growth can be attributed to the increase in technological know-how, growing volume of patient data, and demand for quick and efficient healthcare processes and systems will help in driving the growth of the healthcare IT market. Increasing digitization in the healthcare industry and demand for value based care and rising cost of provision of healthcare services coupled with the increasing number of healthcare facilities will likely accelerate the growth of the healthcare IT market in the forecast period of 2020-2027.
Health IT Product News
New WellSpan Well at Work Programs Enhance Care and Reduce Costs for Employers and Consumers
WellSpan’s Well at Work program, which is designed for employers who want to offer access to healthcare for their employees, has launched two new programs that will enhance care for consumers across central Pennsylvania and northern Maryland while reducing costs.
Lindus Health Unveils “All-in-One Dermatology CRO” Offering for Dermatology Clinical Trials
Lindus Health, the “anti-CRO” running radically faster, more reliable clinical trials for life science pioneers, has launched its versatile dermatology contract research organization (CRO) and technology solution.
Anju Announces New Product to Revolutionize Field Rep Efficiency with Precision-Driven Medical Information
Anju Software is proud to introduce MA Knowledge, a mobile application enhancing field rep efficiency by providing meticulously curated medical information. As the newest addition to Anju’s Medical Affairs Suite, MA Knowledge empowers Medical Science Liaisons (MSLs) and field reps by efficiently filtering content to deliver relevant, credible, customer-centric content.
Greenway Health Leans into AI-Driven Solutions to Enhance Provider Efficiency and Patient Experience
Greenway Health, a health information technology and services provider, announced its initiative to leverage AI and automated technologies to directly address the pain points of providers, including administrative burden, staffing challenges, and clinician burnout.
Healthcasts Releases Major Update to Clinician Collaboration and Research Tool
Healthcasts, an online community for healthcare professional consultation and real-world experience, announces a host of powerful new features and functionality for its ConsensusMD research tool that are now live on the platform.
EPX.Global Announces AI-Enabled Technology Suite for Member Health, Peak Performance
EPX, the groundbreaking social and business networking acceleration platform, home to a diverse group of extraordinary members, announced the launch of two significant health innovations: EPX Health by Shae, a breakthrough AI-powered peak performance optimization app available to all members and an exclusive, in-depth health transformation system known as Catapult for Health.
Virtual Healthcare Product News
Blue Cross Blue Shield of Michigan and Blue Care Network Expand Muscle and Joint Health Solutions with New, Virtual Program in 2025
Blue Cross Blue Shield of Michigan and Blue Care Network will add a new, virtual program to its suite of musculoskeletal solutions as a coverage option in 2025. The program offers members personalized plans to help meet their physical needs, goals and abilities, as well as dedicated support and convenient exercise therapy sessions.
VSee Health and Stand Together Partner to Launch Aimee Telehealth Service
VSee Health, Inc., a provider of comprehensive telehealth services that customize workflow streams and enhance patient care, announced the launch of its Aimee telehealth service in Wichita, Kansas, in partnership with Stand Together.
InfoVision Partners with iDocsWeb to Launch ‘Doctors Anytime’
InfoVision, a provider of digital transformation solutions, is pleased to announce a strategic partnership with iDocsWeb, a premier telemedicine company, to launch “Doctors Anytime.” This innovative initiative aims to provide provider services such as overnight coverage and Specialist Clinics to regional hospitals and LTACHs across the United States.
Caregility Releases First Edge-Based Computer Vision AI Capability for Healthcare
Caregility Corporation, an enterprise telehealth leader dedicated to connecting care for patients and clinicians everywhere, is excited to announce the release of new fall risk detection capability in its iObserver solution. Hospital care teams use iObserver for continuous observation of patients at risk of self-harm or falls. The new artificial intelligence (AI) capability, developed natively by Caregility, uses computer vision to analyze visual information, detect fall risks, and alert caregivers accordingly.
AI Product News
Abridge, Mayo Clinic, and Epic Collaborate to Develop an Integrated Artificial Intelligence Documentation Solution for Nurses
Abridge, Mayo Clinic, and Epic announced a generative AI ambient documentation workflow for nurses. This collaboration will put cutting-edge solutions in the hands of nurses. Powered by Epic, Abridge’s new product combines the strength of Abridge’s generative AI platform with seamless integration into existing Epic nursing workflows.
Dyna AI Now Available for DynaMedex® and Dynamic Health™
EBSCO Information Services’ (EBSCO) Clinical Decisions introduces Dyna AI, a generative artificial intelligence (AI) capability that surfaces the information clinicians need at the point of care faster than ever. Dyna AI will be available for Dynamic Health™ and DynaMedex®, retrieving industry-leading, trusted evidence-based, expert-curated responses for clinicians, redefining clinical decision support.
Greenspace Health Launches MBC 2.0: Leading the Future of Behavioral Health With AI and Predictive Tech
Greenspace Health, a company transforming behavioral health services through Measurement-Based Care, proudly announces the launch of MBC 2.0. This ongoing evolution of the platform will deliver enhanced functionality, while leveraging AI and predictive technologies to significantly increase the impact of MBC. Designed to improve client and clinician engagement, reduce the measurement burden on clinical leaders and providers, and dramatically elevate the quality of care for individuals in need.
H2O.ai Announces the Launch of Danube3 Series, Surpassing Apple and Rivaling Microsoft with Latest Small Language Models
H2O.ai, an open-source company in Generative AI and machine learning, is excited to announce the global release of the H2O-Danube3 series, the latest addition to its suite of small language models. This series, now available on Hugging Face, includes the H2O-Danube3-4B and the compact H2O-Danube3-500M, both designed to push the boundaries of natural language processing (NLP) and make advanced capabilities accessible to a wider audience.
Thoughtful AI Launches Human-Capable AI Agents, Raises $20m in New Funding
Thoughtful AI, an AI-powered revenue cycle automation company, unleashed a flurry of news highlighting its forward momentum, including the launch of the world’s first fully human-capable AI Agents specializing in healthcare revenue cycle management, exceptional growth metrics, and $20 million in new funding through a Series A round led by Nick Solaro of Drive Capital with participation from TriplePoint Capital.
TSI Unveils PULSE, a Revolutionary AI-Driven Healthcare Revenue Cycle Management Solution that Streamlines Denial Analysis and Improves Revenue Recovery
Transworld Systems Inc., a technology enabled healthcare revenue recovery and outsourcing provider in the United States, announced the launch of its state-of-the-art AI-powered denial management solution PULSE. By using proprietary intelligent document processing, robotic process automation and custom content generative AI, PULSE streamlines denial analysis and appeal creation, improving overturn percentages and increasing revenue recovery.
Savista Launches New, Cutting-Edge AI Digital Agent to Drive a More Personalized Patient Experience – 6/26
Savista, a healthcare revenue cycle management services company, has launched a new cutting-edge AI capability in the form of a patient-facing digital agent. The Conversational AI voice agent, named Sophia, uses Large Language Models and Generative AI to provide an improved patient experience and help patients resolve their healthcare financial obligations. The technology ensures the accuracy and security of data received, as well as payment card industry compliance and encryption.
Solventum Introduces Denials Prevention Solution, an AI-Powered Tool, Empowering Health Systems to Help Reduce Write-Offs and Improve Top Line Revenue
Solventum, [formerly 3M Health Care] announced a new artificial intelligence (AI)-driven payment integrity and revenue cycle solution, Solventum™ Revenue Integrity System. In collaboration with Sift Healthcare, this solution is designed to help health systems not only reduce potential denials but prevent them and ensure timely and accurate payer reimbursement.
