Artificial Intelligence

Artificial intelligence (AI) is becoming a crucial component of healthcare to help augment physicians and make them more efficient. In medical imaging, it is helping radiologists more efficiently manage PACS worklists, enable structured reporting, auto detect injuries and diseases, and to pull in relevant prior exams and patient data. In cardiology, AI is helping automate tasks and measurements on imaging and in reporting systems, guides novice echo users to improve imaging and accuracy, and can risk stratify patients. AI includes deep learning algorithms, machine learning, computer-aided detection (CAD) systems, and convolutional neural networks. 

artificial intelligence money finance acquisition

Imaging AI firm specializing in CT analysis raises $80M in series C financing

Boston-based Elucid has now raised $121M, with investment firm Elevage Medical Technologies leading this latest round of fundraising. 

November 10, 2023

AI specialists raise $80M to ramp up commercialization of imaging analysis software

The big funding round continues a busy year for Elucid as the company works to get its AI software in the hands of more physicians. 

November 9, 2023
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RadNet inks new hospital joint venture partnership, with plans to add 10-plus imaging centers

RadNet and Cedars-Sinai are launching a new brand called the Los Angeles Imaging Group, and three new centers are already slated to open in California's largest city. 

November 9, 2023
Ultromics EchoGo AI platform. When the Centers for Medicare & Medicaid Services (CMS) finalized the 2024 Hospital Outpatient Prospective Payment System final rule, it included an updated reimbursement for the EchoGo Heart Failure platform from Ultromics. EchoGo Heart Failure is now associated with an ambulatory payment classification (APC) code of APC 5743 and a payment rate of $284.88.

CMS increases reimbursement for AI-powered heart failure platform

Ultromics thinks the significant payment increase will help ramp up utilization among U.S. healthcare providers.

November 8, 2023
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Industry Watcher’s Digest

Buzzworthy developments of the past few days.

November 8, 2023
ChatGPT neurology interview with neurologist

Experienced neurologist interviews generative AI, comes away impressed but not intimidated

ChatGPT can be a little sneaky. Recently asked if it’s ever messed up when helping physicians make clinical decisions, it only came clean with examples of stumbles after being pressed on the matter.

November 8, 2023
According to calculations comparing catheter ablation with drug therapy, the additional quality-adjusted life-years that can result from the treatment justify its increased costs. 

Philips receives total of $60M from Gates Foundation for AI-powered ultrasound

The new round of funding comes after successful deployment of handheld ultrasound systems in Kenya.

November 7, 2023
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ChatGPT tackles hypertension: Popular AI model a helpful resource for patients with high blood pressure

The study's authors communicated with ChatGPT-4 in both English and Japanese, noting that it appeared to struggle more with the complexities of the Japanese language. 

November 7, 2023