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Innovation

Outbound AI, an artificial intelligence software company working to solve healthcare administrative problems, raised $16 million in seed financing.

Oakland, Calif.-based Kaiser Permanente Ventures has a large venture capital arm making a diverse array of investments from digital health companies to plant-based tube feeding companies.

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Clinicians at Chicago-based Northwestern Medicine used an artificial intelligence-powered tool to achieve a 13 percent increase in the detection and removal of colorectal polyps. 

Innovation is an "imperative" for hospitals and health systems in these times of rising consumer expectations and competition from disruptors such as Amazon and Google, the American Hospital Association said.

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