The global clinical trial software market is projected to grow at a CAGR of 14.3% from 2024 to 2031, reaching a valuation of US$ 2.3 billion. This growth is driven by the increasing adoption of digital health solutions, especially in the wake of the COVID-19 pandemic, and a growing demand for patient-centric clinical trial solutions.
Clover Health’s subsidiary, Counterpart Health, has secured a multi-year agreement with Iowa Clinic to utilize its AI-driven solution, Counterpart Assistant, for managing Medicare Advantage and Medicare Shared Savings Program patients. The agreement aims to improve clinical outcomes and provide financial benefits for both Iowa Clinic and its network partners.
Clover Health’s stock jumped after its subsidiary, Counterpart Health, signed a multi-year agreement with The Iowa Clinic to provide its cloud-based software platform for Medicare Advantage and Shared Savings Program patients. The deal highlights Clover Health’s commitment to innovative healthcare solutions and could significantly impact its future growth.
Health tech startup Innovaccer is in advanced discussions to secure up to $250 million in funding, valuing the company between $2.5 billion and $3 billion. The investment would support the integration and analysis of patient data across various healthcare settings. Innovaccer’s cloud-based platform aims to enhance healthcare efficiencies and accelerate industry growth.
Experts gathered at Samsung Medical Center in Seoul to discuss the future of health and the role of AI-powered wearables in driving industry growth. They highlighted the value of comprehensive health data, early disease detection, and the need for Samsung to embrace AI and promote behavioral change. By leveraging insights from wearables and AI, individuals can empower themselves to take proactive steps towards improving their health and well-being.
In the latest episode of Inside Israeli Innovation, we dive into the groundbreaking technologies and innovative startups from Israel. Join Maayan Hoffman as she unravels the latest tech trends, interviews industry leaders, and showcases Israeli tech’s impact on various sectors.
Intelligent Virtual Assistants (IVAs) in healthcare leverage AI and NLP to provide support and assistance to healthcare workers and patients. The market is segmented into chatbots and smart speakers, with chatbots dominating in 2023. Providers, payers, and other segments are key end-users, with providers leading in revenue share. North America and the Asia Pacific region are significant markets, with North America driven by IoT adoption and smartphone use. The text-to-speech technology segment leads the market, while automatic speech recognition is expected to experience rapid growth in medical counseling.
The global organ preservation market is projected to expand at a CAGR of 6.91% from 2023 to 2027, according to a report by Technavio. The market growth is attributed to the rising demand for organ transplants due to the increasing prevalence of chronic illnesses and organ failures. Organ preservation techniques, such as hypothermic preservation, static cold storage, and dynamic perfusion, enable healthcare professionals to extend the lifespan of donated organs, increasing the pool of viable organs for transplantation. The report highlights the key market drivers, trends, and challenges, as well as analyzes the competitive landscape and provides actionable insights for businesses operating in this sector.
Amendola Communications, an award-winning healthcare technology and life sciences public relations and marketing firm, has been selected by Peerbridge Health, a developer of a hospital-grade, remote diagnostic and monitoring platform that harnesses artificial intelligence (AI) for early detection of heart failure and other conditions, to implement a national PR program.
Peerbridge Health’s Peerbridge Cor™ is an AI-enabled, 3-lead, 2-channel wireless ambulatory ECG device that has shown a nearly 96% accuracy rate in identifying heart failure in patients utilizing ECG as the only input. Amendola will work with Peerbridge Health to educate the industry on the life-saving potential of early detection of heart failure through AI-enabled remote monitoring technology.
Traditional nursing education in Alberta is embracing technology with the introduction of lifelike mannequins like Alex in the Bow Valley College simulation lab. These mannequins provide a safe and risk-free learning environment, preparing students for real-life scenarios. The college’s comprehensive approach, which also includes virtual reality and AI-enabled mannequins, has proven beneficial for students and is helping to address the province-wide nursing shortage.
