Your Tech Story

Healthcare

Opmed.ai Raises $15M to Combat Healthcare Labor Shortages with AI Leadership

Opmed.ai Raises $15M to Combat Healthcare Labor Shortages with AI Leadership

Prominent backers such as Grove Ventures and NFX have shown a great deal of faith in Opmed.ai’s ability to revolutionise healthcare operations. Grove Ventures General Partner Renana Ashkenazi praised Opmed.ai’s creative strategy and highlighted its capacity to solve significant workforce inefficiencies in the healthcare industry. Similarly, Opmed.ai’s objective to improve OR experiences for physicians and patients was emphasised by Gigi Levy-Weiss, a founding partner at NFX.

An Important Turning Point

Opmed.ai Raises $15M to Combat Healthcare Labor Shortages with AI Leadership

Image Source: med-technews.com

The firm has achieved a noteworthy milestone with its most recent fundraising round, which has given Opmed.ai the means to quickly expand its cutting-edge technology. The co-founder and CEO of Opmed.ai, Dr. Mor Brokman Meltzer, stressed the significance of this funding in order to address the increasing demand from hospitals facing operational difficulties and manpower constraints. Opmed.ai will be able to go on providing significant solutions that improve efficiency and optimise healthcare operations thanks to the investment.

Verification of Vision

This money, for Opmed.ai, represents more than just financial assistance; it validates the company’s mission to use cutting-edge AI technology to transform hospital operations. Co-founder and Chief Technology Officer Avi Paz reaffirmed the company’s dedication to providing healthcare professionals with solutions that tackle present issues and clear the path for future efficiency improvements. The fact that Opmed.ai is working with top hospitals and healthcare facilities in Israel and the US shows how confident the industry is in its revolutionary potential.

Resolving the Labor Shortage in Healthcare

The AI optimisation platform from Opmed.ai is released at a critical juncture, as the healthcare sector is severely short-staffed. There is an acute need for creative solutions because forecasts indicate that there will be a 3.2 million shortfall of healthcare professionals by 2026. The system developed by Opmed.ai seeks to reduce this burden by streamlining healthcare processes, beginning with operating rooms (ORs), which bear a heavy financial and operational burden for hospitals.

AI-Assisted Optimization

Opmed.ai is an organisation that focuses on applying cutting-edge AI technology to optimise healthcare operations. Its optimisation engine creates alternative plans that are optimised for resource allocation in ORs by executing billions of permutations in a matter of seconds. Hospitals are saving a large amount of money and making extra revenue thanks to the platform. Opmed.ai helps hospitals boost revenue, improve overall efficiency, and increase OR usage by identifying inefficiencies and automating scheduling processes.

Looking Forward

Opmed.ai is well-positioned to spearhead the transformation of healthcare operations, buoyed by the backing of investors and a robust performance history. The company is dedicated to bringing about good change and enhancing healthcare outcomes for everyone, and it is doing so by spreading its reach and implementing its cutting-edge technologies in hospitals across the globe.

 
Roclub Raises €4M to Advance Teleoperation Solutions in Healthcare

Roclub Raises €4M to Advance Teleoperation Solutions in Healthcare

Medical advancements have advantages as well as drawbacks, with rising demand placing pressure on healthcare systems throughout the world. In response, Berlin-based Roclub, a trailblazing digital health startup, is transforming patient care via the use of teleoperation technology.

Roclub Gets €4M in Seed Funding, A Significant Development in Healthcare Innovation.

Roclub Raises €4M to Advance Teleoperation Solutions in Healthcare

Image Source: techfundingnews.com

A successful €4 million seed fundraising round headed by well-known American and European investors, including FJ Labs and Speedinvest, was recently disclosed by Roclub. With the help of this cash and earlier investments, RoClub will be able to grow its business and enhance its teleoperation platform.

Roclub: Spearheading the Revolution in Digital Health

Dr. Matthias Issing and André Glardon founded Roclub in 2022, specialising in teleoperation technologies for medical applications. Their technology makes it possible for MRI/CT scanners to be connected remotely, which makes remote scanning, assistance, and instruction easier. Club Rocabulous is dedicated to influencing the course of medical technology and patient care with the help of investors and strategic entrepreneurs.

Using Teleoperation to Address Healthcare Workforce Shortages

The lack of workers in the healthcare industry worldwide may be addressed by teleoperation technology, such as that provided by RoClub. RoClub’s platform makes it possible for medical equipment to be operated and accessed remotely, which improves productivity and guarantees business continuity for healthcare organisations while also expanding access to treatment.

Seizing a Profitable Business Prospect

Estimated at €50 billion, the teleoperation sector is a big opportunity. RoClub’s creative methodology establishes a new benchmark for the effective functioning of medical equipment, meeting the changing requirements of patients and healthcare professionals.

Increasing Patient Care and Educating Healthcare Professionals

The teleoperation platform from RoClub enables medical organisations to manage medical technologies with ease. In the end, it guarantees patients receive the best treatment possible by giving medical personnel flexibility in scheduling and location.

Investor Trust and Co-Founder's Goals

Prominent financiers have shown faith in Roclub’s concept. André Glardon, a co-founder, highlights the company’s dedication to upending MedTech practices and enhancing patient access. RoClub is well-positioned to expand and make an impact in the healthcare sector thanks to the solid backing of investors.

Sustained Innovation for the Betterment of Global Healthcare

RoClub is still committed to transforming medical technology operations around the globe. Their platform has already achieved great progress at university hospitals, mid-size hospitals, and outpatient centres in the DACH area, with an emphasis on MRI/CT scanners. RoClub seeks to bring about significant change in the healthcare industry via persistent innovation and smart alliances.

 
healthcare

AI and robotics are transforming healthcare. But How?

AI and robotics are revolutionizing the healthcare industry, bringing about transformative changes that enhance patient care, streamline operations, and empower healthcare professionals.

From diagnosing diseases to assisting in surgeries and managing patient data, these technologies are playing a pivotal role in shaping the future of healthcare.

healthcare
Image Source: einfochips.com

One of the significant contributions of AI and robotics in healthcare is in the field of diagnostics. AI algorithms can analyze large volumes of medical data, including patient records, lab results, and imaging scans, to assist in the detection and diagnosis of diseases.

These algorithms can quickly identify patterns and anomalies that may be missed by human observers, leading to earlier and more accurate diagnoses. This not only improves patient outcomes but also helps in optimizing treatment plans and reducing healthcare costs.

Also Read: Why is Congress limiting the use of Chatgpt in the offices?

Robotic technology is also revolutionizing surgical procedures. Robotic surgical systems allow for minimally invasive surgeries with enhanced precision and control. Surgeons can perform complex procedures with smaller incisions, reducing post-operative pain, scarring, and recovery time for patients.

The robotic arms can provide greater dexterity and range of motion than human hands, enabling intricate procedures in hard-to-reach areas. Surgeons can also benefit from augmented reality (AR) and virtual reality (VR) technologies, which provide real-time guidance and 3D visualization, further enhancing their accuracy and efficiency.

In addition to diagnostics and surgery, AI and robotics are transforming patient care and monitoring. AI-powered chatbots and virtual assistants can provide immediate and personalized responses to patients’ queries, offering support and guidance.

Robots are also being utilized in patient care settings, particularly in elderly care and rehabilitation. Social robots can engage with patients, offering companionship and support. They can remind patients to take medication, encourage physical activity, and monitor vital signs. This not only improves the well-being of patients but also reduces the workload on healthcare providers.

Another crucial area where AI and robotics are making a difference is in managing and analyzing large volumes of healthcare data. AI algorithms can mine electronic health records, clinical trial data, and medical literature to identify trends, patterns, and potential correlations. This wealth of information can help researchers and clinicians make evidence-based decisions, identify risk factors, develop personalized treatment plans, and discover new therapies.

Furthermore, AI-powered predictive analytics can help healthcare systems anticipate disease outbreaks, allocate resources efficiently, and optimize preventive strategies. By analyzing historical data and real-time information, AI algorithms can identify populations at risk and predict disease progression, enabling proactive interventions and saving lives.

In conclusion, AI and robotics are transforming healthcare by enhancing diagnostics, revolutionizing surgery, improving patient care and monitoring, optimizing data analysis, and enabling predictive analytics. These technologies hold tremendous potential to improve patient outcomes, increase efficiency, and reduce healthcare costs.

As they continue to advance, it is essential to strike a balance between technology and the human touch, ensuring that AI and robotics augment healthcare professionals rather than replace them, and ultimately, provide better care for patients.

UnitedHealth Group

UnitedHealth Group – An American-based Managed Healthcare and Insurance Company.

The American multinational company UnitedHealth Group Incorporated is based in Minnesota, United States. It is founded in 1977 by Richard T. Burke is a for-profit healthcare company. UnitedHealth Group mainly provides healthcare products and insurance services to people in the US and beyond. The company has accomplished massive success within the last four decades and has become the second-largest healthcare company in the entire world. UnitedHealth is also the eighth largest company across all sectors in the world in terms of revenue. The current market capitalization of UnitedHealth Group is more than $400 billion. The company is currently under the leadership of Andrew Witty.

About the Company

UnitedHealth Group is a Fortune Global 500 company and is ranked 8th on the list this year. The company is also a part of both S&P 100 and S&P 500 components. UnitedHealth Group’s main goal is to give everyone a healthier life and make the working of the health system better for everyone. The company is striving to improve affordability and enhance the healthcare experience for every citizen which will build an overall healthier community. During the crisis of COVID-19, the company has funded more than 2,500 oxygen concentrators in India and supported the vulnerable population in the US and across the world. Recently, the company has been selected by the State of Nevada to serve its medical beneficiaries.

UnitedHealth Group
Image source: forwardtimes.com

History of UnitedHealth Group

In 1974, a private company called Charter Med Incorporated was founded by Richard Taylor Burke. After three years, in order to restructure and reorganize the company, another business was established, United Healthcare Corporation. And, the former company became a subsidiary of this bigger company. The company was established to play the role of a health management organization and its first goal was to manage the physician’s health plan of Minnesota.

Eventually, the company started opening a new business which includes launching its first pharmacy benefit management in 1988. This new solution was rolled out through one of its subsidiaries called Diversified Pharmaceutical Services. Later, this subsidiary was acquired by SmithKline Beecham for $2.3 billion.

Acquisition and Expansion

The company started making a significant number of acquisitions in the 1990s. In 1994, it acquired a company called Ramsey-HMO followed by The MetraHealth Companies Inc in 1995. An acquisition in 1996 helped the company expand to Arkansas, Maryland, Kentucky, and Tennessee through the operated HMOs of the acquired business. The United Healthcare Corporation was rebranded as UnitedHealth Group as the company was reorganized as holding many independent companies. Some of the companies are Ovations, Uniprise, UnitedHealthcare, etc. The same year, the company also acquired HealthPartners of Arizona.

In the early 2000s, a subsidiary of the UnitedHealth Group merged with LifeMark Health Plans. In 2002, the company acquired two brands, GeoAccess and AmeriChoice respectively. The next year, UnitedHealth Group expanded its business to West Virginia, Delaware, Washington D.C., and Maryland as it acquired Mid Atlantic Medical Services. The company also acquired Golden Rule Financial, Touchpoint Health Plan, Oxford Health Plans, PacifiCare Health Systems in due course of time. A lot of other companies were acquired by UnitedHealth Group but particularly the Optum unit of the company made some significant acquisitions and helped the company to expand further.

The Optum unit of UnitedHealth Group acquired companies like Rally Health in 2017 followed by Davita Medical Group in 2019 for $4.3 billion. The brand Optum was created by UnitedHealth Group in 2011 as the company’s health services business and currently it is the technology focussed brand of the parent company. In 2019, Andrew Witty who played his role as the CEO of the company’s Optum division became the President of the UnitedHealth Group.

About the Founder

Richard T Burke is a famous businessman who is currently on the board of the UnitedHealth Group. Apart from playing his role as the CEO of UnitedHealth, he was also the CEO of Arizona Coyotes for some time. He currently owns 7,000 units of UnitedHealth Inc stocks and his net worth is approximately $907 million as of July 2021. Richard is an alumnus of Georgia State University.

cerner corporation

Cerner Corporation – Merging Healthcare and IT.

For the past forty years, Cerner Corporation has worked at the crossroads of health care and information technology to link individuals and systems all over the globe. They use the latest technology to develop solutions that empower communities and people to take charge of their own health. Their tools are designed to work today while also pondering about tomorrow, whether or not they are supporting the clinical, financial, or operational areas of a hospital or health system.

Establishment of the Cerner Corporation


Cerner Corporation was founded in 1979 through Arthur Andersen’s colleagues Neal Patterson, Paul Group, and Cliff Illig. Its authentic name became PGI & Associates, however, when it released its first machine, PathNet, in 1984, it was renamed Cerner. In 1986, it went public. Cerner’s customer base step by step multiplied in the late 1980s, achieving 70 sites in 1987, 120 sites in 1988, 170 sites in 1989, and 250 sites in 1990. Cerner was operating on additives of a Health Network Architecture (HNA), an incorporated IT machine designed to automate health care processes, at the time. Clients could purchase individual components or the complete machine all at once. By 1994, more than 30 customers had purchased the complete HNA machine, with another 100 purchasing more than one component of the machine.

cerner corporation
Image Source: fortune.com


Cerner bought IMC Health Care, Inc. in early 2010 in order to keep expanding its health offerings to industrial employers, pharmacies, and health applications outside of Cerner.
Cerner Corporation announced its intention to purchase Siemens Health Services, Germany’s Siemens AG’s health information technology business, for $1.3 billion on August 5, 2014. On February 2, 2015, the acquisition was completed.
On July 29, 2015, the Leidos Partnership for Defense Health, comprised of Cerner, Accenture, and Leidos, was awarded a 10-year, $4.3 billion contract to overhaul and manage the Department of Defense’s electronic health records.


The Company’s Offerings


Command Center
The need for situational awareness in health care systems has never been greater. The Cerner Command Center Dashboard uses near real-time data and predictive analytics to give health systems a clear view of critical resources like staffed bed capacity, care demand, and equipment – information that leaders use to anticipate and respond to patient needs. The Cerner Command Center dashboard provides actionable data insights to enable effective resource and process management in order to improve health system operations.
Cerner’s best practices for staffing and patient throughput processes, Cerner model system for integrated and automated workforce management and capacity management solutions, AWS cloud, predictive intelligence, and machine learning, and integration across Cerner platforms can all be used by the Cerner Command Center to help reduce operational costs.


HealtheReferrals
HealtheReferrals supports provider organizations, throughout any EHR and payer, in the growth and retention of patients. The product targets patients with a configurable patient-supplier algorithm which includes factors such as specialty, insurance networks, proximity to patients, and network members. The product is the most appropriate in-network provider. It also offers analytical and referral coordination capabilities to help ensure transparency through employee and affiliate networks.
The average person influences household healthcare expenditure in excess of 1,5 M$, all references count. Cerner realizes that it is critical for the health of an organization to improve margins and lower risk and provide cost-effective care. HealtheReferrals is committed to providing providers and managers with the information they need to achieve these goals, independently of EHR.


Neal Patterson, The Founder


Neal Patterson has been CEO of Cerner for 38 years, an enterprise which he co-founded in 1979 with two colleagues. Patterson was a long-time CEO of the country. With revenues of 4,8 billion US dollars in 2016 and over 25,000 employees around the world, Cerner is currently the world’s largest independent information technology provider.

Patterson was posthumously brought to the Hall of Fame in 2019 and appointed as the International Entrepreneur of the Year by the Regnier Institute of Entrepreneurship and Innovation of the University of Missouri-Kansas.
On a farm near Manchester, Oklahoma, Patterson was brought up. He obtained a Bachelor of Finance and a Masters in Business Administration from the Oklahoma State University.
As a result of the recent recurrent cancer, Neal L. Patterson died on 9 July 2017. He was 67 years old.


Brent Shafer, The CEO


Brent Shafer, Chief Executive of Cerner, is responsible for the company’s market-oriented business units, consumer brands, key strategic relations, and priority business initiatives and is responsible for developing and expanding these business units.
Shafer has been CEO of Philips North America, where she has supervised the portfolio of health technology that includes a wide range of solutions and services inpatient surveillance, imaging, clinical computer technology, sleep, and respiratory services as well as a group of leading consumer brands. Shafer previously served as the CEO of Philips’ global Home Healthcare Solutions division.

Shafer possesses extensive experience building innovative value-based business models. He has contributed to the growth of a complex multinational organization for a number of years as a senior leader with Philips. He is also a member of the Healthcare Leadership Council which brings together health leaders of the nation to develop policies, plans, and programs to implement their vision of a system that provides all Americans with affordable, high-quality care. He received a Bachelor’s degree from the University of Utah.

Teladoc Health

Teladoc Health – An Online Healthcare Company Providing On-Demand Medical Supervision Since 2002

Established in 2002, Teladoc Health is a US-based company providing remote healthcare, medical supervision, telehealth devices, etc. The company has a very broad customer base as it serves more than 130 countries. A virtual healthcare platform like Teladoc Health comes very handy during times of emergency situations. The founders of Teladoc Health are Bryon Brooks and Michael Gorton. Currently, the company has more than 2,000 employees providing healthcare services to around 27 million people around the world.

The idea of Teladoc Health is very unique and it is the first and the largest virtual healthcare company in the US. With time, Teladoc has expanded and rolled out a variety of new products including AI and analytics. The primary way of providing medical supervision to its users is done via telephone, video conferencing app, and also using mobile apps. The importance of online healthcare service will always be on-demand but in situations like a global pandemic, its usability is increased by several folds.

Establishment of Teladoc Healthcare

Bryon and Michael founded the company, Teladoc Health in Dallas, Texas in 2002. The idea of developing an online platform for medical consultancy was first brought to the US by these two people. When the company was founded, the business model was such that it allowed patients to consult state-licensed doctors through the Teladoc platform. While the patients or the users needed to pay a sum of $35 or $40 for every consultation, the company paid a monthly amount for their employees so that they can also have access to the services of Teladoc Health.

Teladoc Health
Image Source: static.seekingalpha.com

With this business model, Teladoc decided to move forward and launched the company nationally in 2005 during the Consumer Directed Healthcare Conference in Chicago. At this time, Michael Gorton was both the Chairman and CEO of the company. After it was launched nationally, many big companies started providing Teladoc services to their employees as a part of their healthcare benefits. By the end of 2007, Teladoc hit 1 million users.

Growth and Expansion

Soon Michael Gorton was replaced by Jason Gorevic and the funding rounds of the company began. In December 2009, Teladoc conducted its initial private funding rounds and raised $9 million. After a couple of years, it raised another $22.6 million. In 2011, Teladoc and Aetna embarked on a joint venture as Aetna started offering Teladoc exclusively to its insured members from Florida and Texas. In 2013, Teladoc acquired a company called Consult a Doctor for $16.6 million to bring more versatility to its platform and give small companies access to the service of Teladoc. By the end of 2013, Teladoc’s total funding money summed up to $46.6 million.

After the Affordable Care Act passed in 2010, many companies signed with Teladoc. The company witnessed a great increase in the number of users during 2013 and 2014. Many famous companies like Blue Shield, Oscar, Home Depot, T-Mobile, etc signed in with Teladoc. In 2014, Teldoc acquired AmeriDoc which was one of the biggest competitors of the company during that time. Another private funding round was conducted in 2014 where the company raised $50 million.

The company again made two big acquisitions in 2015, namely Better Help and Stat Health Services. Teladoc became a public company on 1st July 2015 and it was the only telemedicine company in the NYSE. Teladoc acquired the highest number of companies in 2015 and 2016 which includes Compile Inc, HealthiestYou, etc. Teladoc also started to expand its expertise in new fields such as dermatology, sexual health, and behavioral health.

Current Day Teladoc

In 2017, Teladoc made the biggest acquisition in its history as it bought a medical consultation firm called Best Doctors. In 2018, the company changed its name from Teladoc Inc to Teladoc Health. For the next couple of years, Teladoc also focused on acquiring international companies to strengthen its market in other nations. Last year, Teladoc made another big acquisition as it purchased Livongo Health for $18.5 billion.

Teladoc has always intended to stay clear of any major competitors by eventually acquiring them and thus it today has a huge number of services for every kind of patient. In Teladoc Health, there’s a huge diversity in types of medical consultation and virtual care.  The company is currently thriving in the healthcare sector under the leadership of Jason Gorevic. He continues to be the CEO of the company since 2009.