Business Intelligence

Two United Nations agencies have joined forces to create the Focus Group on Artificial Intelligence for Health (FG-AI4H)—a group of global representatives the UN hopes will help shape a streamlined, transparent process for vetting AI technologies in the healthcare space.

CMS has launched an AI challenge that’s incentivizing innovators to develop solutions for a range of administrative challenges, like predicting unplanned hospital admissions and adverse events, the agency announced March 27.

Anthem Blue Cross is collaborating with Stanford to launch the AI for Health Affiliation program, a corporate affiliates program within the Stanford Department of Computer Sciences that will fund research on how AI can improve the efficiency and value of Anthem Blue Cross and its health plans.

It was a record-breaking year for global venture capital (VC) funding in digital health, with more than $9.5 billion raised in 698 deals for 2018, according to a report by Mercom Capital Group. The previous record was set last year, with $7.2 billion raised in 778 deals.

More than 75 percent of healthcare executive leaders said their organization is increasing the pace of investment in big data and AI, with a majority citing fear of disruption by competitors, according to a survey by NewVantage Partners.

Verily, a subsidiary of Google parent company Alphabet, raised $1 billion in investment funding to support growth in strategic partnership investments, global business development opportunities and potential acquisitions, the company announced Jan. 3.

Amid widespread concerns about hacking threats and privacy, HHS and industry leaders released voluntary cybersecurity practices to help protect healthcare organizations from threats and keep patient information safe.

Minnesota-based multinational conglomerate 3M has acquired speech recognition software developer M*Modal for $1 billion, according to a report by the Pittsburgh Post-Gazette. M*Modal provides healthcare technology and conversational AI-powered systems for transcribing doctors’ verbal notes.

General Electric (GE) has filed the paperwork for an initial public offering (IPO) for its healthcare unit, GE Healthcare, according to numerous sources familiar with the ongoing situation. The offering is expected to take place by the middle of 2019.

AI and big data to have the “greatest technology impact” in the pharmaceutical industry in 2019, according to a recent report by GlobalData.

Finding an electronic health record (EHR) system that works perfectly with a healthcare network’s preferred care delivery process is like finding a needle in a haystack. However, AI offers a solution to improve EHRs and make them more user-friendly for clinicians, according to the Harvard Business Review.

Healthcare executives and organizations are extremely confident AI will be the solution to several problems within the industry. They're so confident, in fact, organizations are expected to invest an average of $32.4 million each in AI over the next five years, according to a recent survey of healthcare executives.