Innovation

Generative artificial intelligence, although a new technology, is already showing signs of potential in the healthcare industry; for example, the technology is being used for ambient documentation and is helping lower drug research and development costs, CB Insights reported May…

As artificial intelligence tools become more commonplace in the medical field, a survey of American patients from Tebra found 80 percent believe that AI has the potential to improve healthcare quality.

Biopharmaceutical research and commercialization company Syneos Health is set to be acquired by Elliott Investment Management, Patient Square Capital and Veritas Capital for $43 per share, or $7.1 billion.

With the buzz around artificial intelligence tools, the venture capital arms of top health systems are taking notice and investing in AI companies.

Patients at Tampa, Fla.-based Moffitt Cancer Center prefer virtual to in-person visits for cancer care, the organization found.

Charleston, S.C.-based MUSC Health gave out $15,000 to each of six innovation projects at its annual "Shark Tank" event.

Chicago-based CommonSpirit Health intends to have virtual nursing in each of its markets by the end of 2023, with plans to have it across the entire system within five years.

Here are three recent investments from Northwell, Intermountain and Kaiser:

Sidney (Neb.) Regional Medical Center is set to break ground on a new $21 million long-term care facility May 18, the North Platte Post reported May 9.

The Eli Lilly and Co. social impact venture capital portfolio received an additional $50 million, bringing the company's total to $300 million.