Digital health: Who’s up, who’s down

The digital health market is constantly changing, with startups coming onto the scene and more established companies restructuring their strategies.

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Companies that had a good week:

  1. Pharmaceutical giant Bayer launched a precision medicine unit that will focus on creating digital health tools.
  2. Hyro, a conversational artificial intelligence company used by hospitals, raised $20 million.

Companies that had a bad week:

  1. BenevolentAI, an artificial intelligence-powered drug discovery company, laid off about 180 employees.
  2. The National Eating Disorder Association took its artificial intelligence chatbot offline after it was giving users harmful advice.

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

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