Many health systems are dipping their toes into venture capital, and Northwell Health is no exception. The New Hyde Park, N.Y.-based health system's venture arm, Northwell Holdings, has been making serious moves and maintains a diverse portfolio of healthcare companies.

LeanTaaS, a provider of software and artificial intelligence-powered tools to healthcare organizations, launched iQueue Autopilot, a generative AI tool designed to help hospital leaders with decision-making. 

Rochester, Minn.-based Mayo Clinic is one the most notable health systems in the country and has a large investment arm to match.

Nashville, Tenn.-based Vanderbilt University Medical Center used ChatGPT to speed up review and improvement of computer system alerts that are used to support clinical decision-making and found that the technology could provide top-rated suggestions.

Donna Gentile O'Donnell, PhD, has left her position as a senior innovation executive at Philadelphia-based Jefferson Health to work for a local venture capitalist, Philadelphia Business Journal reported.

Peoria-based OSF HealthCare and Bradley University gave out their first Innovation for Health grants totaling nearly $200,000, the 15-hospital system said June 1.

Biotech and precision medicine giant Illumina unveiled PrimateAI-3D, a new artificial intelligence algorithm that predicts disease-causing genetic mutations.

Artificial intelligence is all the rage right now, and healthcare companies using AI are raising some massive hauls.

During the COVID-19 pandemic, healthcare employees were forced to quickly adapt to numerous operational and clinical practice challenges. However, while many employees adapted, workplace stress and administrative burdens have caused some employees to leave the workforce and have exacerbated labor shortages. 

As disruptors like CVS Health and Walgreens, as well as health systems including Oakland, Calif.-based Kaiser Permanente and Downers Grove, Ill.-based Advocate Health Care, have been launching retail clinics, some parts of the country have been getting more than others, Definitive Healthcare reported.

Administration burdens such as EHR documentation cost U.S. healthcare $1 trillion annually, but to combat this, hospitals and health systems have been using and piloting artificial intelligence and generative AI to help significantly reduce administrative responsibilities for their providers.

Rochester, Minn.-based Mayo Clinic is entering a know-how agreement with virtual rheumatology clinic Remission Medical.

The University of Central Florida College of Medicine joined a NASA-funded mission to research how space flight affects the health of space travelers.

As the nation's leading provider of retail healthcare, CVS Health partners with hospitals and health systems in many local markets.

Physicians from Rochester, Minn.-based Mayo Clinic and data scientists from Palo Alto, Calif.-based Stanford Health Care are coming together to advance artificial intelligence in healthcare.

Since 2020, health IT companies have closed on 1,148 venture capital funding rounds totaling $20.4 billion, Pitchbook reported May 31.

Hyro, a conversational artificial intelligence company used by Salt Lake City-based Intermountain Health, Cincinnati-based Mercy Health and Coral Gables, Fla.-based Baptist Health, raised $20 million in series B financing. 

Ordaos, a drug design company, was selected for the AWS Generative AI Accelerator.

Los Angeles-based Cedars-Sinai's new center, dubbed the Center for Artificial Intelligence Research and Education, will focus on "democratizing" artificial intelligence so all clinicians and biomedical researchers will be able to use it regardless of training or expertise, Jason Moore, PhD, director of the center, told Becker's. 

Fresh off unveiling its $100 million venture capital fund, Wellstar Health System said it plans to open a new innovation center in downtown Atlanta, Atlanta Business Chronicle reported.