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Innovation

Niagara Falls (N.Y.) Medical Center will open a new innovation and training center through a donation from West Herr Auto Group CEO and President Scott Bieler, The Buffalo News reported Jan. 2.

York, Pa.-based WellSpan Health is using artificial intelligence to enhance patient safety and mitigate nurse burnout by implementing a system that enables nurses to remotely monitor patients and complete some routine tasks virtually.

Health systems, hospitals and insurance providers are actively seeking artificial intelligence tools to gain a competitive advantage in billing and processing their share of the $4 trillion spent annually on medical expenses by Americans, Politico reported Dec. 31.

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Somerville, Mass.-based Mass General Brigham plans to use generative artificial intelligence to compare patients to ones with similar profiles to help with their treatment, The Wall Street Journal reported.

Devoted Health, a technology-focused insurance company for Medicare beneficiaries, raised $175 million in series E financing.

Health IT startups raised $900 million in the third quarter of 2023, making it the second consecutive quarter of declining funding, according to a Dec. 13 Pitchbook report.

In 2023, large health systems, such as Cleveland Clinic and Boston Children's, accelerated their adoption of 5G technology.

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