Innovation

Renton, Wash.-based Providence and Nuance Communications deepened their partnership with plans to develop integrated clinical intelligence and revenue cycle technology.

Every healthcare organization aims to provide a creative and collaborative working environment that welcomes opportunities to rethink workflows, tools and more. Corporate innovation programs have increasingly emerged as a key vehicle to drive these efforts in healthcare.  

Houston Methodist Hospital researchers created an artificial intelligence-powered risk calculator that predicts the likelihood a patient will develop breast cancer and recommends whether a biopsy should be performed, according to a Nov. 9 Culture Map Houston report.

Healthcare investment firm Deerfield Management Co. will provide up to $65 million in funding for a new research collaboration with Boston Children's Hospital focused on drug discovery and development. 

St. Louis-based insurer Centene signed an agreement to acquire Apixio, a healthcare-focused data science company, according to a Nov. 9 news release.

The Cascadia Data Alliance, a health research data sharing initiative backed by Microsoft, recently granted $1.2 million for new cancer treatment innovation projects at five member organizations, according to a Nov. 5 news release. 

The National Institute on Aging awarded Cleveland Clinic a $2.6 million grant to build and validate two automated tools that will identify and screen patients at high risk of cognitive decline, according to a Nov. 5 news release. 

Despite operation constraints and financial priorities shifted by the COVID-19 pandemic, most healthcare organizations (90 percent) anticipate artificial intelligence systems and tools to achieve widespread adoption across the industry over the next five years, according to Black Book Research.

Rochester, Minn.-based Mayo Clinic has partnered with Google Health on a new initiative to boost radiation therapy planning with artificial intelligence.

Nearly three out of four healthcare organizations anticipate increasing their artificial intelligence tech and software funding this year, according to an Oct. 22 report from Deloitte.