From using artificial intelligence to transcribe patient conversations to using the technology to improve value-based care, here are some ways hospitals and health systems are using artificial intelligence to improve patient care:
Innovation
Hospital and health system venture capital arms help provide financial investment and resources to startups. If successful, these companies have the potential to generate additional revenue for the health system.
From an artificial intelligence-powered "mission control center" to a Theranos-like test to several more hospital-at-home programs, hospitals and health systems have been busy investing in innovation projects and pursuing innovation partnerships.
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GV (formerly Google Ventures), the venture capital arm of Alphabet, co-led the $6 million seed funding round to help launch Thatch, a digital benefits management platform.
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A $15 million donation will help Tampa, Fla.-based Moffitt Cancer Center bring proton therapy treatment to its new 775-acre innovation center.
Virginia announced $66.7 million in grants for three projects within the life sciences, biotech and pharmaceutical industries, nrvnews.com reported Feb. 15.
The Wharton-Penn Medicine Fund for Health, a venture between Philadelphia-based Penn Medicine and the Wharton Environmental, Social and Governance Initiative, invested in Twentyeight Health, a digital health startup aiming to improve the reproductive health of women from underserved communities.
GV, the venture capital arm of Alphabet formerly known as Google Ventures, is making notable investments in the healthcare sector.
Digital platform Doximity has launched a beta version of a ChatGPT tool for physicians that aims to alleviate time spent on administrative tasks, Bloomberg reported Feb. 14.