AI vibe check
The vibe coming out of ViVE was abuzz about applications of AI in healthcare. It’s been a hot topic for a while, but ever since ChatGPT appeared on the scene, not a day has gone by without news stemming from AI’s rapid pace of development. Much of the conference conversation revolved around using AI to make clinical operations more efficient. And not too surprisingly, that’s where funding is going. An analysis of Rock Health’s venture funding database showed that digital health startups applying AI to clinical decision support and precision medicine raised $1.2B in 2022, the most funding raised last year by any category of digital health startups using AI. Notably, funding for AI tools in clinical decision support and precision medicine remained steady from 2021-2022, even while overall sector funding dropped—signaling investor interest above the general market threshold. While investment is one (promising) signal, responsible adoption is critical; we’ll be watching to see how clinical organizations warm to AI solutions and address operational risks.
Headlines
Digital Health Pioneer Pear Therapeutics Files For Bankruptcy
First mover DTx company winds down and prepares to sell assets STAT
How To Scale A Health Tech Business To $100 Million ARR And Beyond
Milestones for growth and five lessons on scaling Bessemer Venture Partners
States Step In As Telehealth And Clinic Patients Get Blindsided By Hospital Fees
When facility fees get charged for telehealth visits KHN
Privacy Is At Risk As HIPAA Fails To Keep Pace With Digital Health
Exemplified most recently by startups Monument and Tempest’s data breach Axios
Zócalo Health Teams Up With Mark Cuban’s Pharmacy
New partnership will increase medication access for Latino patients MedCity News
SNOO Approved By The FDA, May Soon Be Covered By Insurance
A robotic bassinet that may prevent Sudden Infant Death Syndrome could get more accessible Fast Company
Federal Judge Suspends FDA Approval Of Abortion Pill
The FDA has appealed the ruling, which could have national implications STAT
Recent Funding
- Oxos Medical raises $23M for its handheld connected X-ray device for point-of-care imaging
- Emulait reels in $11M for its custom biomimetic breastfeeding devices