PRNewswire | May 16, 2023
Cascade Health, an intelligent platform for healthcare transparency, announced it has raised $1.7 million in venture funding led by AlleyCorp with participation from other strategic angel investors. The company also announced the launch of its first two products: a generative AI assistant to personalize the consumer experience with full visibility around cost and quality of care, as well as APIs that allow companies in the healthcare industry to access data on demand and use it to build their own internal and external products.
As healthcare costs have continued to rise in the US, the system has also grown more complex and increasingly opaque. In an effort to counter this, the US government has recently mandated that hospitals and insurance companies publicly disclose pricing data for procedures across the country. Both parties have done so, but in massive files that can't be opened or used without substantial computing power.
Cascade Health leverages cloud and AI to aggregate these datasets, along with other public and private healthcare data, to help employers, consumers, government agencies, hospitals, insurance companies and other healthcare-related businesses better understand pricing and coverage. It is the only company that can transform these datasets along with client-specific data and use large language models to interact with the combined data to optimize decision-making in real-time to personalize the experience for anyone seeking or giving care.
"We want Cascade Health to become the infrastructure for healthcare transparency – an objective, neutral source for healthcare pricing and coverage," said Ana-Maria Constantin, Cascade Health's CEO and co-founder. "Our intelligent platform provides a window into all this that allows anyone on any side of the healthcare system to make data-driven decisions about the care they receive or deliver."
The core of Cascade Health's intelligent platform is a proprietary massive-scale cloud computing infrastructure which works alongside machine learning models and AI to help find, sort and transform massive amounts of healthcare data needed to provide transparency into healthcare pricing and coverage.
Cascade Health's generative AI assistant lets consumers ask about coverage options, pricing for different procedures and regions, and more, then uses Cascade Health's platform to deliver data-driven answers to those questions in plain English. The company also provides data management and warehousing infrastructure so customers can benefit from using it without having to worry about storing data.
Before founding Cascade Health, Constantin and co-founder Pulak Goyal spent six years at Microsoft building large-scale cloud systems that used machine learning to make intelligent, data-driven decisions for efficient resource utilization.
"Complexity and opacity are both endemic in the American healthcare system. It's nearly impossible for stakeholders to make truly informed decisions, whether it's about individual or group coverage, or how to most efficiently deliver and pay for care," said Jane Suh, Principal at AlleyCorp. "We invested in Cascade Health because the team's background and knowledge base perfectly aligns with their mission to bring clarity and access to an essential part of healthcare decision-making."
About Cascade Health
Cascade Health is an intelligent platform for healthcare transparency. Its intelligent platform is the first to deliver specific data-driven insights that allow consumers, employers buying group insurance plans, government agencies, hospitals, insurance companies to make informed strategic decisions, creating a more affordable and equitable healthcare system for all. Cascade Health is based in Seattle and backed by AlleyCorp and other strategic angels.
HEALTH TECHNOLOGY, DIGITAL HEALTHCARE
Prnewswire | March 30, 2023
Getz Healthcare Pty Ltd announced that they have partnered with Subtle Medical, a U.S-based healthcare technology company, to distribute the company's artificial intelligence (AI)-based software solutions for faster and safer medical imaging. Subtle's solutions could provide significant efficiency gains for hospitals and private radiology clinics within Australia and New Zealand, resulting in more timely patient access to critical PET and MRI imaging services.
Subtle Medical's software solution, SubtlePET™, uses proprietary deep learning algorithms to denoise low count PET images from up to 75% lower radiotracer dose and faster scan times. SubtleMR™ uses increased sharpness and denoising to improve the image quality on up to 60% faster MRI exams. The solutions result in a broad range of benefits including faster scan times, lower radiation dose, improved image quality, higher scanner efficiency, and positive impacts on workflow and patient experience. Subtle's solutions are compatible across all PET and MRI scanner brands, makes, and models, and seamlessly integrate into existing workflows.
"We are thrilled to be expanding patient access to our AI solutions. Our goal is to not only make medical imaging safer and more focused on the patient, but also help imaging institutions and radiologists achieve higher quality imaging while running a more efficient operation. We are looking forward to a productive partnership with Getz," said Josh Gurewitz, Chief Commercial Officer at Subtle Medical.
James Simkins, CEO, Getz Healthcare, added, "We are really excited to be partnering with Subtle Medical. We believe Subtle Medical's software solution will bring tangible benefits to our customers and ultimately patients." "The possibility for Subtle Medical's software solutions to improve efficiency and image quality while extending the life of existing imaging systems is a real game changer for radiologists and patients in need of access to imaging. We are delighted to introduce this technology to Australia and New Zealand," said Kimberly Hill, Managing Director of Getz Healthcare Australia & New Zealand.
About Subtle Medical
Subtle Medical, Inc. is an innovative healthcare technology company with a suite of software solutions that use deep learning to increase the quality and efficiency of medical imaging. It is a CB Insights Top AI 100 and two-time Digital Health 150 company and is an Nvidia Inception Award Winner.
Subtle's (AI) software solutions have been commercially deployed in over 400 sites worldwide. SubtleMR™ and SubtlePET™ use deep learning to improve the image quality of accelerated MRI and PET scans, boosting exam throughput and profitability for centers, and getting patients in and out of the scanner faster. The company continues to expand globally with the support of recent Series B funding, bringing total funding to over $45 million.
About Getz Healthcare
Getz Healthcare is proud to be recognized as the leading distributor of medical equipment, devices and consumables, in Asia Pacific. We are an ISO 9001:2015 certified company, and we partner with leading manufacturers in medical technology, to offer a wide range of innovative and high-quality products & solutions, enabling our customers to focus on what's important – providing better care for their patients.
Headquartered in Singapore, we have been operating in the Asia region for over 110 years, serving over 7,500 customers, from our 23 offices and distribution centers, spread across Australia, Hong Kong, Malaysia, New Zealand, Pakistan, Philippines, Taiwan, Thailand and Vietnam.
MEDICAL DEVICES, HEALTHCARE ANALYTICS
Prnewswire | April 06, 2023
Vuzix® Corporation a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced that Proximie, a global health technology platform provider, has commenced rollout of PxLens following its initial introduction earlier this year. PxLens, Proximie's smart glasses solution for use in operating rooms, uses Vuzix M4000™ smart glasses.
PxLens offers quick setup and use when paired with the Proximie mobile app and seamless integration into Proximie's cloud-based platform for telepresence, content management, and insights from the operating room. Vuzix M4000 smart glasses offer the performance and versatility of Vuzix M400 smart glasses combined with see-through waveguide technology. They are the first enterprise-focused smart glasses using revolutionary Vuzix waveguides and offer a see-through heads-up display. Voice activated commands enable hands-free control, and the M4000's robust battery packs can be swapped mid-procedure to ensure that even the longest procedures can be fully streamed and recorded. Comfortable head mounting enables surgeons to share a first-person perspective of open surgeries and minimally invasive procedures, allowing participants observing remotely to view high-definition pictures and streamed videos of these surgeries and procedures, providing them opportunities to advise where necessary and/or learn from cutting-edge surgical techniques. Within the Proximie platform these procedures are recorded and saved in a secure library to be reviewed, edited, analyzed and shared.
Pilot procedures with surgeons wearing the PxLens were conducted in the United Kingdom and the United States by Proximie in 2022. Procedures included colorectal, otolaryngology, orthopedic, plastics, and urology surgeries and user feedback has been uniformly positive.
"Vuzix smart glasses represent a lightweight, wearable, hands-free solution that delivers high performance on every measure," said Dr. Nadine Hachach-Haram, founder and CEO of Proximie. "The PxLens is another step on Proximie's journey to help surgeons deliver effective and efficient care. It provides an insightful first-person perspective and helps make the recording and sharing of procedures ubiquitous. This improves patient care, training, skills development, and overall surgical efficiency."
"Proximie's selection and exclusive use of Vuzix smart glasses for such a key element of their telepresence platform represents another significant win for us in the healthcare space," said Paul Travers, President and CEO of Vuzix. "Our see-through M4000 smart glasses represent one of the most optimal solutions for use in operating rooms, whether for remote support, training, information management or actual surgeries, and we look forward to working with Proximie to support their global rollout of PxLens across their customer base."
Founded in 2016, Proximie's healthcare platform brings together telepresence, content management, and data insights to help hospitals, surgeons, and medical device companies improve patient outcomes and drive productivity. With Proximie, expertise can be shared from anywhere using any device, and data from procedures can be securely captured, managed, and analyzed at scale. Proximie operates in more than 50 countries, serving over 500 healthcare providers and 16,000 users.