SmarterDx, a company utilizing artificial intelligence to automate clinical documentation, has secured $50 million in a recent funding round. The company's algorithm aims to ensure 100% accuracy in all patient charts, addressing the prevalent issue of human errors in clinical documentation that can lead to financial losses for hospitals.
By tapping into clinical and financial data from hospitals, SmarterDx's AI can identify missing information in patient records, such as diagnoses or treatments, even when not explicitly documented. The software does not alter patient records but provides recommendations to healthcare professionals, resulting in significant revenue increases for hospitals and improved resource allocation.
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Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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