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DuBois, Pa.-based Penn Highlands Healthcare is expanding its collaboration with software company Regard on a tool that uses artificial intelligence to boost diagnostics and billing. The project started as a pilot program in October 2020, but the two entities have since inked a multiyear commercial engagement. The collaboration has increased annual revenue by $3 million, reduced physicians’ note-writing time by about 30 percent and lowered physicians’ clinical documentation integrity queries by a fourth, according to the Oct. 4 Regard news release. The algorithmic program integrates into Epic and Cerner EHRs to mine patients’ medical histories to help optimize diagnoses and billing.
Regard is a health-tech company developing A.I.-powered software for physicians to help them diagnose medical conditions more quickly and accurately. The startup announced Wednesday it raised a $15.3 million Series A round. It comes at a time when Regard's software solution could be useful, as the pandemic has led to a jump in doctor burnout, causing some to leave the healthcare industry altogether. Eli Ben-Joseph, co-founder and CEO of Regard, joins Cheddar News' Closing Bell to discuss.
Salisbury, Md.-based TidalHealth is collaborating with artificial intelligence company Regard to reduce clinician burnout within its ranks. The health system is integrating Regard’s algorithm software into its EHR to scan patient records for missed diagnoses among approximately 50 common medical conditions. "Providers need to focus on the patient and not the technology. When we bring technology like this forward, we can have a real impact on provider happiness," said Mark Weisman, MD, CIO and chief medical information officer of TidalHealth, in an Aug. 2 Regard news release. Regard works with 15 hospitals and counts several current and former hospital executives as advisers. The company said its technology has reduced physicians' note-taking time and reported burnout.
What You Should Know: – Regard (formerly known as HealthTensor), a L.A.-based software company developing an artificial intelligence (AI) co-pilot for physicians to help diagnose medical conditions, announced its $15.3 million in Series A funding led by Calibrate Ventures and Foundry Group, with participation from additional investors. – The funding will be used to help grow the Regard team to support more clients, reduce integration time and expedite reach to new physicians and hospitals, faster. A complete patient picture, in a matter of moments
Regard (formerly HealthTensor) has formulated a system to assist diagnose widespread professional medical conditions, such as coronary heart failure, COVID-19, and anxiousness and melancholy. Returning investors Brook Byers of Byers Capital and Drew Houston also participated. The amount of Regards customers is now increased by 15 hospitals and contracted with 84 additional. When it came to clinical university, co-founder and CEO Eli Ben-Joseph explained to TechCrunch that he and two others realized that there were a lot of unsatisfactory medical professionals. Both realized that drugs and healthcare have been exceptionally powerful in terms of the software they have access to. As a result, they believed they could have a much greater influence on the professional medical market by educating physicians.
Legacy healthcare software systems are often complicated and cumbersome for providers to use, leading to less time with patients. That’s why Regard (formerly HealthTensor) developed a platform to help diagnose common medical conditions, like heart failure, COVID-19 and anxiety and depression. The Los Angeles-based startup announced today it has raised $15.3 million in Series A funding led by Calibrate Ventures and Foundry Group. Returning investors TenOneTen Ventures and Susa Ventures also participated, along with new backers Brook Byers of Byers Capital and Drew Houston.
Marina del Rey-based HealthTensor mines electronic medical records for conditions that physicians might overlook. The company’s app then flags those conditions for the doctors. Eli Ben-Joseph, one of three founders, is HealthTensor’s chief executive. How did you get the idea for the software that HealthTensor has been developing? I and two of my friends – one a buddy of mine from MIT and the other from the Boston area – saw that doctors typically spend 10-15 minutes with a patient, glancing at the electronic medical records, perhaps asking a few questions.
HealthTensor, a Los Angeles, California-based startup creating software to augment medical decision-making, today announced it has raised $5 million. The company says the funds will be used to scale up operations and acquire new customers. The global market for big data analytics in health care was valued at $16.87 billion in 2017 and is projected to reach $67.82 billion by 2025, according to a recent report from Allied Market Research. It’s believed that health care organizations’ implementation of big data analytics might lead to a more than 25% reduction in annual costs in the coming years.
Early stage venture firm and accelerator Dreamit Health has just announced its latest healthcare cohort, which is largely made up of digital health startups. This round, companies working with artificial intelligence, cost efficiencies in hospitals, and clinician care efficiencies were the most popular topics in the cohort, according to Adam Dakin, Dreamit Health managing director. The full cohort includes HealthTensor, Giblib, Infermedica, McCoy Health, Praos Health, Tailored Care, Trials.ai, Vitls, and Vytalize Health. Teams that make it into the cohort are given 14 weeks of training and mentorship. “The three pillars of the program are coaching, customers, and capital. The first phase is an intense deep dive into value, and tightening up their proposition, all with the goal of getting ready to fundraise,” Dakin told MobiHealthNews.
SXSW has announced 50 finalists for the SXSW Accelerator Pitch Event. Half of these startups will demo their talents on Saturday, March 10, and the remaining 25 on Sunday, March 11. Winners in 10 categories will be honored at the Accelerator Award Ceremony, 7 pm on Sunday, March 11, at the Hilton Austin. The SXSW Accelerator Pitch Event takes place within the Startup & Tech Sectors track of programming. Based in Santa Monica, Calif., HealthTensor uses artificial intelligence to automatically review all patient data, diagnose the most common medical conditions and create documentation for physicians. These evidence-backed notes save physicians time, ensure that diagnoses are not missed and improve finances for physicians and hospitals. See their pitch and the other finalists in Health and Wearables Technology at 5 pm Sunday, March 11, in Salon AB of the Austin Hilton.