Lunit opens European unit to hasten expansion

Lunit opens European unit to hasten expansion

South Korean medical AI company Lunit has announced its decision to establish a wholly-owned subsidiary in Europe.According to a press release, Lunit Europe Holdings will be based in Amsterdam in the Netherlands and will begin local staff recruitment shortly. 
WHY IT MATTERS
Although Lunit had a branch office which previously managed its European business, its subsidiary in the continent will allow it to plan for the expansion of its sales network and fortify existing partnerships there. 
According to data from Statista, the European medical device market is expected to be worth $136 billion this year. Its biggest segment is cardiology devices with a projected…

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Medtronic, Zydus Hospitals to facilitate remote stroke care using AI

Medtronic, Zydus Hospitals to facilitate remote stroke care using AI

Zydus Hospitals in Ahmedabad and Medtronic India have tied up to launch an AI-enabled hub-and-spoke network to support stroke patients in the western coastal state of Gujarat. An initiative of the pharmaceutical giant Zydus Group, the multispecialty hospital chain has locations across Gujarat and Uttar Pradesh. Its Ahmedabad branch runs two hospitals – a super speciality centre and a primary hospital – with over 660 beds.
HOW IT WORKS
According to a press release, Zydus and Medtronic will leverage locally developed AI technologies to deliver timely diagnosis and treatment to stroke patients living in rural communities. With an AI capability, a team of stroke…

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From Telemedicine to Complete Virtual Care and Beyond

From Telemedicine to Complete Virtual Care and Beyond

Michael Gorton, CEO of Recuro HealthTelemedicine has helped improve the quality of life of patients in every corner of the world and has been successfully utilized to provide convenient care to people with limited or no access to health services. Today, worldwide digital interconnectivity is growing, enabling telehealth to advance health equity, bring access to care for underserved regions and meet the urgent, primary and behavioral healthcare needs of an exploding global population.It has been a remarkable journey for the innovators who pioneered telemedicine. Since its inception, digital health services began the transformation from traditional healthcare — a reactive, disease-focused model…

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The Federal Trade Commission Accuses GoodRx Of Multiple Data Sharing Fails, Demands It Pay $1.5 Million Fine and Make Reforms

The Federal Trade Commission Accuses GoodRx Of Multiple Data Sharing Fails, Demands It Pay $1.5 Million Fine and Make Reforms

The Federal Trade Commission has cited telehealth and prescription drug discount provider GoodRx for sharing sensitive consumer health data with several advertising platforms, in violation of its own privacy promises to consumers.
The agency has filed a proposed order demanding that GoodRx pay $1.5 million in civil penalties for failing to let consumers know about unauthorized disclosures of its data to a list of advertiser platforms. including Facebook and Google.
The company, which is based in California, operates a digital health platform offering prescription drug discounts, telehealth visits and other health services. It captures a wide range of data from consumers who use…

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Why NLP can only succeed in healthcare if it caters to caregivers

Why NLP can only succeed in healthcare if it caters to caregivers

Natural language processing, or NLP, is a branch of artificial intelligence that enables machine understanding of human language. In recent years, NLP has become part of consumer products and performs with a sometimes surprising degree of accuracy.Virtual assistants use NLP to understand spoken questions like, “What’s the weather like today?” They can contextualize the meaning of the question, and then use data from online sources to reply with a meaningful response.
Medical NLP has long been a topic of research and development, since it contains significant potential for uncovering meaningful insights from unstructured medical text. This presents huge opportunities for healthcare providers, clinical…

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