Health IT Product News Report September 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.

Kontakt.io’s Sticker Tag Sets New Standard for Scalable, Cost-Effective Asset Tracking
Kontakt.io, a company in healthcare RTLS and digital transformation, has introduced the Sticker Tag, an ultra-thin, adhesive BLE tag that is ideal for tracking small, flat, or disposable assets.

Ochsner Digital Medicine elevates program with a focus on total cardiometabolic health
Ochsner Digital Medicine is announcing an added capability to its cardiometabolic solution: comprehensive weight management care.

Lyric to Add Coordination of Benefits Capabilities to Payment Accuracy Solutions
Lyric, a provider of technology-first, platform-based payment integrity solutions, announced it would offer coordination of benefits solutions as part of its leading payment integrity offering. The first component of Lyric’s overall COB offering is available as a result of a strategic partnership with Strout (formerly the Strout Company), a market leader in Medicare COB.

Valant Announces Platform Updates Offering Behavioral Healthcare Practices Increased Operational Efficiency
Valant, an EHR for behavioral healthcare practices, unveiled new platform updates for behavioral health practices. New capabilities supporting operational efficiencies, workflows, and revenue collection include Valant Treatment Plans and Valant Custom Forms.

Aledade Launches Recruiting Service to Connect Primary Care Practices to Talent
Aledade, a national network of independent primary care, has launched a new service to accelerate practices’ ability to hire physicians, advanced practice providers and new staff, addressing the ongoing nationwide workforce challenges that primary care practices encounter.

Rune Labs Launches GenAI Clinical Support to Accelerate Care Management for Parkinson’s Patients and Clinicians
Rune Labs, a precision neurology software and data company, announced a major milestone in accelerating care management for people with Parkinson’s disease and their care support teams. As part of the StrivePD app, Rune has introduced new StrivePD-AI, Generative Artificial Intelligence (GenAI) clinical reports that provide a comprehensive, monthly outlook of disease progression along with personalized educational content to help patients, caregivers, and clinicians improve outcomes and optimize care.

AvaSure, Oracle Collaborate With NVIDIA on AI-Powered Virtual Concierge for Hospitals and Health Systems
AvaSure, a provider of acute virtual care, is collaborating with Oracle Cloud Infrastructure (OCI) to develop a virtual concierge solution built with NVIDIA full-stack AI technology to improve patient care and streamline clinical workflows in hospitals and healthcare systems.

Atropos Health Announces Data Quality ScoreCard and AI Tools as New Benefits to All Atropos Evidence Network Members
Atropos Health announced the availability of Data Quality ScoreCards to members of the Atropos Evidence Network, the largest federated healthcare data network with 300M+ patient records. By joining the Atropos Evidence Network, data contributors receive confidential, transparent, analytically driven feedback on their own data quality and strengths and access to the most advanced AI tools.

Thoughtful AI Empowers Healthcare Providers With Prior Authorization RCM AI Agent PAULA
Following the success of its first three AI Agents specializing in key healthcare revenue cycle management (RCM) roles, Thoughtful AI announced the launch of its latest RCM AI Agent: PAULA. PAULA is a true RCM game-changer – revolutionizing healthcare providers’ prior authorization processes by automating submissions, tracking and appeals with unmatched accuracy and speed, and an impressive 98% first-pass resolution rate.

Komodo Health Unveils New Generative AI Offerings to Enable Real-Time Insights Across 330 Million Patient Journeys
Healthcare technology company Komodo Health introduces two new products within its MapLab platform, making it easier than ever before to tap into the industry’s most robust database of de-identified patient-level insights. With the launch of MapAI and MapExplorer, Komodo deepens its commitment to improving the insights workflow, applying AI-enabled tools to rapidly produce targeted, trustworthy and contextualized insights and analyses. Both offerings are available in MapLab, the industry’s only unified suite of applications designed to accelerate and democratize insight generation for healthcare and Life Sciences organizations.

Xsolis Announces the Official Launch of Next Generation AI-Powered Platform, Dragonfly, at XCHANGE ‘24
Xsolis, an AI-driven technology company that reduces administrative tasks and avoidable denials, and improves collaboration between healthcare providers and payers, announced the official launch of Dragonfly®, a first-of-its-kind, next generation AI-powered platform, utilized by health systems and health plans to drive operational and clinical efficiencies and improve patient care management. The official launch of Dragonfly coincides with Xsolis’ annual conference, XCHANGE ’24, taking place in Nashville, September 29 – October 2, which brings together healthcare industry executives as well as utilization management, care coordination, revenue cycle, and health plan leaders.

Sonio Launches its AI-enhanced Ultrasound Reporting Solution in France and Obtains CE Mark for Sonio Detect
Sonio, the medtech company specializing in women’s and children’s health, announced that it has received CE marking for its product Sonio Detect. Sonio Detect, the software for automatic detection of views, anatomical structures and quality criteria on ultrasound images already marketed by Sonio in the United States, is now available in France.

Sunoh.ai Multilingual AI Scribe Drastically Reduces Physician Burnout
Sunoh.ai, an HER-agnostic, AI-powered ambient listening technology, announced that High Country Community Health (HCCH), an early adopter of Sunoh.ai’s multilingual feature, is transforming patient encounters. The new multilingual feature identifies different dialects and accents of the same language, helping save two hours daily on clinical documentation. Improved documentation enables better patient care. Sunoh.ai helps the community health center achieve improved work-life balance and reduced risk of burnout for providers.

Netsmart Announces Bells Virtual Scribe and Automation Advancements of the CareFabric® Platform
Netsmart announces the launch of Bells Virtual Scribe, an advanced augmented intelligence (AI) tool for clinician and staff support. The AI-powered clinical documentation and ambient listening technology, built on Amazon Web Services (AWS), aims to enhance and simplify the documentation process within electronic health records (EHR), thus reducing the administrative load on healthcare providers.

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