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Number Of Healthcare AI Investments Climbing Rapidly

Posted on August 31, 2017 I Written By

Anne Zieger is veteran healthcare consultant and analyst with 20 years of industry experience. Zieger formerly served as editor-in-chief of and her commentaries have appeared in dozens of international business publications, including Forbes, Business Week and Information Week. She has also contributed content to hundreds of healthcare and health IT organizations, including several Fortune 500 companies. Contact her at @ziegerhealth on Twitter or visit her site at Zieger Healthcare.

I’ve written frequently about the growing influence of artificial intelligence tools on healthcare delivery. These include not only support for advanced analytics and adaptive processes but also a growing number of clinically-oriented chatbots.

As far as I knew, these trends were early in their lifecycle, and ventures dipping their toes into healthcare AI were still just dots on a map. Apparently, I was way off on this one.

According to a recent article from CB Insights, healthcare has been, and continues to be, the top industry for AI investment deals. According to the company, there were 29 venture capital investments in healthcare AI last quarter, and from what analysts are saying, that number may rise substantially over the next few quarters. In fact, analysts noted that as of late August, it looked like this quarter’s level of healthcare AI deals would beat the previous quarter’s results.

Just to be clear, CB Insights’ definition of “healthcare AI” covers a lot of ground. The firm defines AI in healthcare as occurring when startups leverage machine learning algorithms to reduce drug discovery times, provide virtual assistance to patients or improve the accuracy of medical imaging and diagnostic procedures – plus some additional unspecified additional applications. (Its list does exclude hardware-focused robotics startups and health-related AR/VR ventures.)

Still, even if you peel away the drug discovery, research and diagnostics investments, there’s plenty of VC deals to track. For example, UK-based Babylon Health raised $60 million in funding the past quarter, the largest funding round tracked by CB Insights. Perhaps this is less surprising given that Babylon Health’s first VC deal included money from Alphabet’s DeepMind Technologies, a nice pedigree for any startup, but it’s still a huge deal. (As you’ll see if you click the link, DeepMind has plenty of healthcare IT development of its own going on.)

Other interesting funding deals included investments in mental health startup Spring Health and risk analytics company OM1, which snagged $15 million in Series A funding. Also, CB Insights found that while most deals involved US companies, four healthcare AI investments went to companies in India and three to companies in China.

Having absorbed this data, I’m eager to see whether my pet interest makes it onto CB Insights’ radar for Q3 of this year. You may already have a general idea about how AI is being deployed in predictive analytics for use in clinical care improvement, or to increase researchers’ ability to pinpoint genes for precision medicine projects, but you may not be aware that another hot application for AI use in healthcare is to provide counseling (and perhaps, in the future, psychiatric services) via chatbot.

I find these services particularly interesting because psychotherapy via AI has some characteristics which differentiate it from many other forms of AI-driven clinical options. One standout is that people may actually tell a chatbot more than they will a live person in some cases, which makes such bots helpful in supporting populations (such as soldiers with PTSD) which might be unlikely to open up otherwise. Let’s see if such applications attract big VC investors anytime soon.

Patient Advocate, Multiple Screens, EHR Consolidation, and EMR Happening

Posted on August 12, 2012 I Written By

John Lynn is the Founder of the blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of and John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

We’re in the middle of the dog days of summer. I can see the Fall Conference slam around the corner as I plan my various itineraries. Plus, my children just found out who their teachers will be this Fall. So, Fall is just around the corner. In the 110 degree heat of Las Vegas, that’s a very good thing. It’s always hot in the summer in Las Vegas, but this is really hot.

Enough with the digressions. Time to take a quick look at some of the interesting EMR and health IT tweets.

Ariana Markle ‏@GoldAtlantis
Dying for Data: Comprehensive #EMR systems promise to save lives and cut #healthcare costs –but how do you build it?

The article linked in this tweet is really interesting. It starts with a really compelling story. Something that the patient advocates will love if they haven’t seen it already. The problem is that EMR implementation on its own still doesn’t solve the problem that’s described in the story. The real solution is some sort of HIE or portability of patient data. EHR is one step towards that, but is still far away from that state of healthcare portability nirvana.

Nice to see a doctor who loves his EMR. Even better than a 27″ screen in most cases is dual monitors. I can’t imagine life without dual monitors. I’m not sure why doctors do without it as well.

I just don’t agree with all the people talking about widespread EHR consolidation. Here’s a great quote from the article that actually supports the lack of EHR consolidation as well:

Ironically, according to Mercom Capital Group roughly $150m in venture capital has been poured into the EMR/EHR market in the last 18 months, pointing to continued confidence (or overconfidence!) in this space.

It’s not ironic. We’re in the golden age of EHR. We won’t see many folding up shop for quite a while.

The core thing for me in this tweet is that EMR is happening. Doctors can continue to resist, but EMR is going to happen. It was temporarily delayed while doctors waited for meaningful use. Now, many are going after the EHR incentive money. Eventually doctors won’t know life without an EMR.