From buzzword to business case
As expected, the buzz around AI solutions in healthcare has only grown; over $400M has been invested in AI-enabled U.S. digital health startups so far in 2024. Pharma companies, some of AI’s earliest adopters in healthcare, continue to roll out new announcements and initiatives. Just this month, Roche tapped PathAI to develop algorithms for companion diagnostics, Bristol Myers Squibb signed a nearly $700M deal with VantAI to leverage generative AI for molecular research, and pharma-tech coalition AION Labs spun out a new startup, TenAces, which applies AI to cancer and neurodegenerative drug discovery.
To avoid getting swept up in news cycles and startup pitches, pharma leaders need to hone in on the concrete ways that AI can change jobs across their teams and organizations. In the latest piece from Rock Health Advisory, we share an approach to help pharma leaders build AI use cases and ask the right questions to get to business decisions.
Headlines
Alabama Supreme Court Ruling Adds To Legal Uncertainty Around IVF
Shock ruling creates major questions around access to IVF care in the state of Alabama Axios
Jill Biden Announces $100M For Research and Development In Women's Health
ARPA-H funds mark first outputs of the White House Initiative on Women's Health Research US News
Teladoc Stock Plunges On Weak Revenue Guidance
Telehealth provider sees a saturated virtual care market slowing growth Yahoo Finance
Walgreens Is Closing All VillageMD Primary-Care Clinics In Florida
Retailer continues to sprint toward $1B in cost savings Business Insider
Change Healthcare Hit By Cyberattack
Local clinics and pharmacies in limbo as payment processor takes servers offline for safety TechCrunch
Recent Funding
- AI-powered medical documentation tool Abridge secures $150M
- Fabric locks in $60M for its AI-driven operating system and virtual front door for providers
- Reprieve Cardiovascular inks $42M for its dynamic dosing device for acute heart failure
- Oula, a Rock Health port co, reels in $28M for its comprehensive maternity care services
- HealthSnap nabs $25M for its remote monitoring and chronic condition management software
- Carewell, a caregiver resource and e-commerce marketplace, banks $24.7M
- Clinical trial recruitment marketplace Power rakes in $12M
- Siftwell Analytics nabs $5.8M for its AI analytics tools for community health plans
- Axle Health gets $4.2M for its workforce management software for at-home care providers
- ISHI Health picks up $4M for its at-home care management services for heart failure
- Hospital analytics and optimization startup UnityAI collects $4M
- Elektra Health seeds $3.3M for its virtual-first menopause care services and resources
- Tuned, a virtual hearing health benefits solution, dials in $3.2M