Health IT Product News Report June 2024

Allied Market Research reports that the global healthcare information technology (IT) market size was valued at $250,577.15 million in 2020, and is projected to reach $880,688.75 million by 2030, registering a CAGR of 13.3% from 2021 to 2030.

Data Bridge Market Research reports the market drivers and growth can be attributed to the increase in technological know-how, growing volume of patient data, and demand for quick and efficient healthcare processes and systems will help in driving the growth of the healthcare IT market. Increasing digitization in the healthcare industry and demand for value based care and rising cost of provision of healthcare services coupled with the increasing number of healthcare facilities will likely accelerate the growth of the healthcare IT market in the forecast period of 2020-2027.

Health IT Product News

SPRY Enables Clinics to Improve Patient Care While Easing Operational Demands With Rehab Therapy’s First AI-Integrated EMR
SPRY Therapeutics, creator of rehab therapy’s first fully integrated, AI-powered EMR, announced the introduction of SPRY Ally, a suite of AI-powered tools for rehab therapy.

Seqera Launches Seqera Containers to Enable Bioinformatics Reproducibility and Innovation
Seqera, a software provider for complex data analysis in the life sciences space, announced the launch of Seqera Containers, a no-cost, streamlined bioinformatics container solution, during their second annual Nextflow SUMMIT in Boston.

Crosby Health Raises $2.2 Million And Launches Clinical LLM Apollo
Crosby Health, a health tech company developing proprietary AI to automate administrative tasks, announced the launching of its clinical large language model (LLM) Apollo today. The company also revealed it raised $2.2 million in pre-seed funding led by Amplo Ventures and with participation from NOMO Ventures and angel investors.

Lindus Health Introduces “All-in-One Consumer Health CRO” Offering Tailored to Clinical Trials for Consumer Health Products
Lindus Health, the “anti-CRO” running radically faster, more reliable clinical trials for life science pioneers, has launched an all-encompassing contract research organization (CRO) unique to consumer health companies seeking clinical validation for their products.

AArete Unveils AI-Powered Payment Intelligence® Solution for Health Plans
AArete, a global management and technology consulting firm, officially announced its next generation Payment Intelligence® solution, which leapfrogs traditional payment integrity offerings by revolutionizing health plan operations and medical claims payment accuracy.

The Hartford Introduces New Mental Health Resource For Its Group Benefits Customers In The Health Care Industry
The Hartford, a provider of employee benefits and leave management, is collaborating with Marvin Behavioral Health to provide The Hartford’s life and disability insurance customers in the health care industry with access to mental health resources designed to meet the unique needs of health care professionals.

Lyric Debuts New AI-Driven Platform Aimed at Streamlining Payment Accuracy and Cost-of-Care
Lyric, a long-time industry leader and well-known pre-pay editing provider, is announcing the launch of 42, an innovative platform and the latest solution as Lyric continues its evolution as an AI-first platform company.

Milliman MedInsight Unveils Next Generation Payer Platform for Advanced Healthcare Analytics
Milliman MedInsight®, a healthcare analytics and solutions provider, announced the expansion of its Payer Platform. This comprehensive enterprise analytic solution harnesses Milliman’s renowned models, methodologies, and data interoperability and introduces expanded analytics capabilities to meet the unique needs of the payer/health insurance market.

Telehealth Product News

Avel eCare Unveils New eSync Platform for Enhanced Telemedicine Services
Avel eCare, a provider of clinician-to-clinician telemedicine services, announced the launch of Avel eSync, a proprietary clinical workflow platform designed to enhance Avel’s services and enable organizations across the country to deploy critical telemedicine solutions.

InfoBionic.Ai and Ink Partnership to Offer the First AI-Driven “Cardiology Clinic of the Future” and have partnered to create the first comprehensive cardiovascular care solution for the “Cardiology Clinic of the Future.” This collaboration integrates’s virtual care model with InfoBionic.AI’s advanced cardiac telemetry, offering AI-driven tools for virtual consults, remote monitoring, and diagnostic care.

TytoCare Introduces Major Release to Increase Flexibility and Accessibility of Care Delivery
TytoCare, a virtual care company enabling accessible, high-quality primary care from home, has released a major software update for its Home Smart Clinic. The update includes a number of new features that are designed to make high-quality healthcare more accessible at scale for payers, providers, and patients.

Hydreight Introduces Quick-Start Telemedicine Platform
Hydreight Technologies Inc., in collaboration with VS Digital Health and DSV Global, is set to revolutionize the online healthcare market with the launch of VSDHOne, a telemedicine platform designed to enable rapid deployment of direct-to-consumer healthcare brands across all 50 states.

AI Product News

RapidAI Secures FDA Clearance for Perfusion Imaging in the Angiography Suite
RapidAI, a company developing clinically deep Artificial Intelligence (AI) and technology workflow solutions to combat life-threatening neurovascular, cardiac, and vascular diseases, announced that the Food and Drug Administration (FDA) has granted 510(k) clearance for its AngioFlow™ by RapidAI solution. The module delivers perfusion imaging analysis directly within the interventional suite to promote greater clinical confidence, workflow efficiency, and potentially improve patient outcomes.

OM1 Launches Three New Products Powered by Patented AI Platform to Expedite Delivery of Personalized Medicine
OM1 introduces three new products: OM1 Orion, OM1 Lyra, and OM1 Polaris powered by PhenOMTM – an artificial intelligence-powered digital phenotyping platform for personalized medicine and clinical research. OM1 is the leader in providing Real-World Evidence (RWE) insights from bench to bedside, leveraging advanced predictive and generative AI platforms coupled with deep clinical data to empower healthcare stakeholders.

ThinkAndor, an AI-first platform, transforms emergency care at the Medical University of South Carolina
Andor Health, an AI-first company reimagining virtual care, announces a groundbreaking initiative aimed at transforming the patient experience in MUSC Health emergency departments. The program uses artificial intelligence (AI)-powered ThinkAndor® to reduce wait times and enhance the quality of care for patients.

Cohere Health Launches Early Trend Signal Intelligence to Predict Utilization Trends Earlier than Claims-based Methods
Cohere Health®, a recognized company in clinical intelligence and prior authorization automation, announced the launch of early trend signal intelligence. By applying advanced artificial intelligence and predictive analytics to proprietary prior authorization data, early trend signal intelligence predicts medical utilization trends up to three months before claims data is available. This early insight enables health plans and other risk-bearing entities to understand trends, which in turn supports decision-making to address unnecessary utilization and associated costs.

CentralReach Unveils CR ClaimCheckAI: the Only Fully-Integrated, Proprietary AI-Powered Solution Enabling Clean Claims for Autism and IDD Care Providers
CentralReach, the leader in Autism and IDD Care Software for ABA and multidisciplinary organizations, announced the launch of CR ClaimCheckAI, the only fully-integrated, proprietary artificial intelligence solution designed to transform the claims process. CR ClaimCheckAI greatly enhances accuracy, compliance, and speed in submitting claims by automatically analyzing claims against specific payer rules and a comprehensive suite of compliance checks, quarantining any claims that don’t meet payer requirements allowing them to be fixed prior to submission.

Together by Renee Launches Innovative Find My Meds Feature to Ensure Continuous Access
Together by Renee, an AI-based health assistant, announced the launch of a groundbreaking new feature in its platform: Find My Meds. This innovative feature is designed to tackle the widespread issue of GLP-1 medication shortages, which affects millions of users nationwide who rely on these drugs for managing diabetes and weight loss. The introduction of Find My Meds closely follows the ranking of Together by Renee as No. 10 in the wellness and personal care category on Fast Company’s 2024 Most Innovative Companies list.

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