Xconomy Health Tech

Business, Life Sciences, and Technology News

Healthcare AI Tech is Here, Now We Must Learn to Manage the Data

Pharma and software firms are actively embracing AI and machine learning, but governments may need to lead the way in accessing relevant data, says Molecular Health.

Molecular Health, a software firm focused on transforming big data into analysis and prediction tools for healthcare companies, believes biotech is in the early days of using artificial intelligence (AI) and machine learning in drug discovery and development.

It is not the technology available holding the industry back, but the managing and the monitoring of the data involved, according to Molecular Health CEO Friedrich von Bohlen.

“In certain parts of the process we can [embrace... Read more »

Mon, 12/23/2019 - 12:02

AI Can Unlock Health Data’s Potential, But Access Is Still Difficult

When Mark Bakken formed the healthcare technology investment firm HealthX Ventures nearly five years ago, he says hospitals, insurers, and other potential buyers of digital health products were less open to conversations with the kinds of early-stage healthtech startups Bakken’s firm wanted to back.

At the time, healthcare organizations’ top priority was installing electronic medical records systems and getting the most out of the technology, Bakken says. That’s still important to them today, but “that’s been kind of stabilized,” he says.

“They’re realizing [electronic health records software] doesn’t solve all their problems, so they’re looking to augment that” with additional... Read more »

Thu, 11/07/2019 - 03:00