Innovation

Artificial intelligence has the potential to transform healthcare delivery, and hospitals across the country are making serious investments in AI.

A spinoff of New York City-based Mount Sinai Health System that aims to predict autism in babies using a single strand of hair has raised $16 million in series A funding.

The Bill & Melinda Gates Foundation awarded a grant to VisualDx, a clinical decision support company using artificial intelligence to help diagnose tropical diseases.

B Capital Group, the venture capital fund of Facebook co-founder Eduardo Saverin, raised $2.1 billion for its latest fund, with plans to target healthcare startups, Bloomberg reported Jan. 19. 

Cleveland-based University Hospitals has a venture capital arm that works to bring new ideas and products to market through venture investment, technology transfer, adoption and pilots.

Three Oklahoma universities are teaming up to commercialize their virtual health innovations.

Data company Arrive Health has acquired technologies created at Pittsburgh-based UPMC to help with patient medication adherence and benefits management.

Richmond, Va.-based VCU Health has launched a new program that provides at-home hospital-level care to patients with acute care needs. 

Wilmington, N.C.-based Novant Health New Hanover Regional Medical Center will use cloud-based software to analyze CT scans. 

While the economic future is still murky, easing interest rates and cooling inflation means that biotech companies could be primed for a bounce-back 2023, The Wall Street Journal reported Jan. 17.