Babylon, a world leading digital-first, value-based care company today announced a collaboration to explore opportunities to improve the accessibility, affordability and quality of healthcare for people across the world by using their combined AI, Machine Learning and Cloud technologies. The new collaboration has the aim of exploring opportunities to accelerate and enhance current AI and Machine Learning, utilizing them to shift the focus from sick care to preventative health care. "Babylon and Microsoft working together shows our combined commitment to build on our leading-edge digital health technologies and deliver better access and greater affordability for health systems and patients alike", said Ali Parsa, Chief Executive Officer, Babylon. "We share the same vision of healthcare and believe that by bringing our assets together we can further the digital health revolution, offer immediate access to all-in-one personalized care and we can enhance the consumer experience, improve patient outcomes and reduce overall costs." As part of this relationship, the two organizations will explore opportunities to innovate and deliver across product, cloud and AI research with the view toward increasing the impact of their complementary healthcare technologies and extending the Babylon healthcare platform.
Nowadays, the healthcare sector is changing at a rapid pace. What once was a conventional industry that worked around many rounds of contact between doctor and patient almost always led to a shallow positive feeling that telemedicine has made the relationship between the doctor-patient real-time and without geographical constraints. A while back, we discussed the healthcare developments that would govern 2018, and now that we are getting ready to start a new year, it is only fitting that we look at where technology is going for the healthcare industry. Let us look at top healthcare trends for 2020 and beyond without further delay. AI is altering our view on the delivery of modern-day Healthcare.
New technologies like 5G and edge computing are making healthcare more connected, secure, and efficient. When healthcare practitioners must make life-or-death decisions, the quality of information at their disposal is critical. Having more specific data -- and being able to access it in real time -- leads to more informed decisions. The Internet of Medical Things (IoMT) makes this possible through an infrastructure of connected medical devices, software applications, and health systems powered by 5G wireless technology and edge computing, which enables connected devices to process data closer to where it is created. Global healthcare funding to private companies reached a new quarterly record of $18.1B in Q2'20. Get the report to learn more.
Hyland, a vendor of content services and enterprise imaging technologies, will have a major presence at the HIMSS20 Global Conference. It's a big player in healthcare information technology, and has a team with decades of experience in the industry. Ahead of HIMSS20, Healthcare IT News interviewed Susan deCathelineau, senior vice president of healthcare sales and services at Hyland. She offers her perspective on the key trends impacting conference attendees. She identifies interoperability, AI for clinical uses, and providers finally embracing the cloud as three trends that healthcare CIOs and other health IT leaders should be on top of.
Find here a listing of the latest industry news in genomics, genetics, precision medicine, and beyond. Updates are provided on a monthly basis. Sign-Up for our newsletter and never miss out on the latest news and updates. As 2019 came to an end, Veritas Genetics struggled to get funding due to concerns it had previously taken money from China. It was forced to cease US operations and is in talks with potential buyers. The GenomeAsia 100K Project announced its pilot phase with hopes to tackle the underrepresentation of non-Europeans in human genetic studies and enable genetic discoveries across Asia. Veritas Genetics, the start-up that can sequence a human genome for less than $600, ceases US operations and is in talks with potential buyers Veritas Genetics ceases US operations but will continue Veritas Europe and Latin America. It had trouble raising funding due to previous China investments and is looking to be acquired. Illumina loses DNA sequencing patents The European Patent ...
Fitbit Inc. plans to move its platform to Alphabet Inc.'s Google Cloud as it steps up efforts to integrate into the broader health ecosystem. Through the arrangement, announced Monday, Fitbit FIT, 6.23% will make use of Alphabet Inc.'s GOOGL, 0.15% GOOG, 0.14% health-focused application, and employees from the two companies will work together on interactions with health systems, Fitbit said. The company expects that the move will enable it to more easily interface with electronic medical-records software and leverage artificial intelligence to help spot patterns in health data. Ease of integration with existing systems and the ability to scale are "the types of things that future customers would look at and do look at," Adam Pellegrini, the head of Fitbit's health solutions business, told MarketWatch ahead of the official announcement. "When you add on the machine-learning aspect, then absolutely people will look at this as a smart system that can scale and leverage the Fitbit brand."