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BLOG: Emerging AI Technologies Provide Value Throughout the Patient Journey

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Real-time intelligence in radiology workflow helps radiologists and clinicians make better decisions throughout the patient care journey and is made possible by a broad spectrum of capabilities enabled by artificial intelligence (AI). These capabilities range from natural language understanding technologies that can transform the narrative text into meaningful structured data to drive workflow to complex machine learning and other types of AI-driven models that assist with image interpretation and clinical decision support. In study after study, AI technology demonstrates that it can automate manual and mundane tasks that get in the way of radiologists’ ability to stay focused on what matters most. More importantly, AI adds new levels of insight and detail that provide a more comprehensive clinical picture, improving the ability to make the right diagnosis and care decisions.

“In the past, radiologists spent a lot of their time searching for information and digging through multiple sources of data for answers to the pressing clinical questions in front of them,” said Karen Holzberger, senior vice president and general manager of Nuance Healthcare‘s diagnostic solutions business. “Now, with workflow-integrated intelligence through AI tools, critical information is being presented in real-time within the radiologist’s regular workflow.”

This evolution to on-demand intelligence within the solutions they use every day means radiologists can move more confidently through each study, with critical information at their fingertips to make a timely, accurate interpretation, and deliver appropriate, evidence-based recommendations. The shift is possible because of AI tools that cover the complete radiology workflow, from planning and preparation to image characterization and decision support to report creation, communication, and quality assurance. The result is more precise, consistent, and informative reports so downstream clinicians can make the most appropriate decisions and accelerate time to care.

For example, AI tools can help identify and prioritize urgent cases, such as an aortic aneurysm, so that a radiologist reviews them sooner. The AI service can offer quantitative measurements to help identify, manage, and track some diseases and help detect probable findings in more challenging cases. Additionally, cases with likely normal findings can be marked as such or be reassigned to another radiology worklist — or even designated for a resident/attending workflow — to support optimal workload management.

Combining AI services that target both image characterization and language understanding services can provide value across the patient pathway, as multiple AI solutions marry findings from pixel data (image characterization) and unstructured data from the narrative text in the diagnostic report. This derives insight and meaning from both the dictated words and the imaging data that is captured.

“You’re going to see tremendous benefits all along the AI technology spectrum. Clinical intelligence derived from language understanding, along with that obtained through AI-driven image characterization models, brings entirely new levels of information and insight to the radiologist,” Holzberger said. “And that’s where you’re going to drive the efficiency, quality  improvement, and ultimately the improvement of the patient outcomes, because you’re going to get to the right best care pathway for that patient.”

AI tools ensure radiologists work more efficiently and effectively, as EHRs and advanced imaging technologies increase the volume of data generated and the resulting radiology workload. And as more AI tools become available, Holzberger said that success first depends on how well it can integrate within existing workflows for busy radiologists.

Efficiency also means creating a system that provides access to AI services and technology in a way that radiologists and technicians want to interact with them, whether it be operating in the background of an existing system or through a separately launched application.

“A radiologist needs the flexibility to choose the best app for the clinical situation. So, if I’m using an aortic aneurysm model from company X and a different model from company Y, how do I start using and comparing both, so I can pick the one that works best for me under my patient conditions, my modality conditions, and the region of the world that I’m in?” asked Holzberger.

With more AI tools coming into the marketplace, and radiology practices looking to implement AI services from multiple vendors, they will need an easy way to onboard new technologies and gain trust in each one’s capabilities. Because a single AI service only addresses one question, Holzberger anticipates that AI vendors will begin grouping multiple services into bundled solutions that focus on an organ, a disease state, a body part, or a subspecialty. These solutions would then be available through an AI Marketplace to provide radiologists an easy way to onboard and test new technologies and gain feedback from other members of patient care teams — often the downstream beneficiaries of AI-generated outputs.

Moving forward, Holzberger is optimistic about the future of AI and wants to see AI capabilities expand to address more medical challenges and create demonstrable value for downstream clinicians.

“We need to accelerate AI development and adoption to answer the toughest questions for radiologists, so they can deliver the best quality and value to the clinicians and patients they serve,” Holzberger said. “Let’s go answer the next ten most important clinical questions. That’s going to drive productivity and support higher quality evidence-based medicine for the radiologist and care team.”

Editor’s note: This blog is the first in a four-part series about real-time intelligence in the radiology workflow, to be published monthly. To learn more visit nuance.com/future

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Source: https://www.itnonline.com/content/blogs/jenelle-isaacson-contributing-editor/blog-emerging-ai-technologies-provide-value

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7 Ways Artificial Intelligence is Improving Healthcare

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Emerging technologies have the potential to completely reshape the healthcare industry and the way people manage their health. In fact, tech innovation in healthcare and the use of artificial intelligence (AI) could provide more convenient, personalized care for patients.

It could also create substantially more value for the industry as a whole—up to $410 billion per year by 2025.

This graphic by RYAH MedTech explores the ways that technology, and more specifically AI, is transforming healthcare.

How is Technology Disrupting the Patient Experience?

Tech innovation is emerging across a wide range of medical applications.

Because of this, AI has the potential to impact every step of a patient’s journey—from early detection, to rehabilitation, and even follow-up appointments.

Here’s a look at each step in the patient journey, and how AI is expected to transform it:

1. Prevention

Wearables and apps track vast amounts of personal data, so in the future, AI could use that information to make health recommendations for patients. For example, AI could track the glucose levels of patients with diabetes to provide personalized, real-time health advice.

2. Early Detection

Devices like smartwatches, biosensors, and fitness trackers can monitor things like heart rate and respiratory patterns. Because of this, health apps could notify users of any abnormalities before conditions become critical.

Wearables could also have a huge impact on fall prevention among seniors. AI-enabled accelerometer bracelets and smart belts could detect early warning signs, such as low grip strength, hydration levels, and muscle mass.

3. Doctors Visits

A variety of smart devices have the potential to provide support for healthcare workers. For instance, voice technology could help transcribe clinical data, which would mean less administrative work for healthcare workers, giving them more time to focus on patient care.

Virtual assistants are expected to take off in the next decade. In fact, the healthcare virtual assistant market is projected to reach USD $2.8 billion by 2027, at a CAGR of 27%.

4. Test Results

Traditionally, test results are analyzed manually, but AI has the potential to automate this process through pattern recognition. This would have a significant impact on infection testing.

5. Surgery / Hospital Visits

Research indicates that the use of robotics in surgery can save lives. In fact, one study found that robot assisted kidney surgeries saw a 52% increase in success rate.

Robotics can also support healthcare workers with repetitive tasks, such as restocking supplies, disinfecting patient rooms, and transporting medical equipment, which gives healthcare workers more time with their patients.

6. Rehabilitation

Personalized apps have significant care management potential. On the patient level, AI-enabled apps could be specifically tailored to individuals to track progress or adjust treatment plans based on real-time patient feedback.

On an industry level, data generated from users may have the potential to reduce costs on research and development, and improve the accuracy of clinical trials.

7. Follow-ups and Remote Monitoring

Virtual nurse apps can help patients stay accountable by consistently monitoring their own progress. This empowers patients by putting the control in their own hands.

This shift in power is already happening—for instance, a recent survey by Deloitte found that more than a third of respondents are willing to use at-home diagnostics, and more than half are comfortable telling their doctor when they disagree with them.

It’s All About the Experience

Through the use of wearables, smart devices, and personalized apps, patients are becoming increasingly more connected, and therefore less dependent on traditional healthcare.

However, as virtual care becomes more common, healthcare workers need to maintain a high quality of care. To do this, virtual training for physicians is critical, along with user-friendly platforms and intentionally designed apps to provide a seamless user experience.

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Source: https://www.visualcapitalist.com/7-ways-artificial-intelligence-is-improving-healthcare/

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The ‘Cyber Attacks’ Winter is Coming — straight for small firms in India Inc.

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Cyber intrusions and attacks have increased exponentially over the last decade approximately, exposing sensitive information pertaining to people and businesses, thus disrupting critical operations, and imposing huge liabilities on the economy. 

Cybersecurity is a responsibility that employees and leaders across functions must shoulder simply because it is the gospel truth – you cannot protect what you cannot see. As organizations have shifted to the work-from-home model due to the outbreak of the COVID-19 pandemic, it’s increasingly important to keep your company’s data secure. 

While the pandemic has led to near or complete digitalization of operations amongst financial institutions, it’s also increased the potential for cyberattacks that lead to adverse financial, reputational, and/or regulatory implications for organizations. 

According to Accenture, cybercrime is said to cost businesses $5.2 trillion worldwide within five years. “With 43% of online attacks now aimed at small businesses, a favorite target of high-tech villains, yet only 14% prepared to defend themselves, owners increasingly need to start making high-tech security a top priority,” the report continues.

A recent McAfee study shows global cybercrime costs crossed US$1 trillion dollars in 2020, up almost 50% from 2018.

India too saw an exponential rise in cybersecurity incidents amid the coronavirus pandemic. Information tracked by the Indian Computer Emergency Response Team (CERT-In) showed that cybersecurity attacks saw a four-fold jump in 2018, and recorded an 89 percent growth in 2019.

The government has set up a Cyber Crisis Management Plan for countering cyber-attacks effectively, while also operating the Cyber Swachhta Kendra (Botnet Cleaning and Malware Analysis Centre).

Banks and Financial Institutions (FIs) are some of the highest targeted market sectors. An analysis by Can we hyperlink this: https://www.fitchratings.com/videos/exploring-bank-cybersecurity-risk-13-04-2021?mkt_tok=NzMyLUNLSC03NjcAAAF82rxN_2lbDTsEp4tfBu4tUGP7i6wyb1OGpyNY0Z8lQPhdz9C7KQ-NIriTcJqNSDyb9qfQ_essxS-TdNWMgJesb-RA4yN4t7T-XqXmVfWW4dau36SW6ZE 

“>FitchRatings in collaboration with SecurityScorecard reveals that banks with higher credit ratings exhibited better cybersecurity scores than banks with lower credit ratings. 

Bharti Airtel’s chief executive officer for India, Gopal Vittal, in a letter to the telco’s 307.9 million subscribers, detailed out how Airtel is carrying out home delivery of SIM cards and cautioned subscribers from falling prey to cyber frauds. He cautioned them against the rapid rise in cyber frauds, highly likely via digital payments. “There has been a massive increase in cyber frauds. And as usual, fraudsters are always finding new ways to trick you,” he added in the letter. 

Barcelona-based Glovo, valued at over $1 billion, that delivers everything from food to household supplies to some 10 million users across 20 countries, came under attack recently when the “hacker gained access to a system on April 29 via an old administrator platform but was ejected as soon as the intrusion was detected”, according to the company.

The attack came less than a month after Glovo raised 450 million euros ($541 million) in funding. 

According to Kaspersky’s telemetry, close on the heels of coronavirus-led pandemic and subsequent lockdown in March 2020, saw a total number of meticulously planned attacks against remote desktop protocol (RDP) jumped from 93.1 million worldwide in February 2020 to 277.4 million 2020 in March — a whopping 197 percent increase. In India, the numbers went from 1.3 million in February 2020 to 3.3 million in March 2020. In July 2020, India recorded its highest number of cyberattacks at 4.5 million.

The recent data breach at the payment firm Mobikwik, affected 3.5 million users, exposing Know Your Customer (KYC) documents such as addresses, phone numbers, Aadhaar card details, PAN card numbers, and so on. The company, however, still maintains that there was no such data breach. It was only after the Reserve Bank of India’s intervention that Mobikwik got a forensic audit conducted immediately by a CERT-IN empaneled auditor and submitted the report. 

Security experts have observed a 500% rise in the number of cyber attacks and security breaches and a 3 to 4 times rise in the number of phishing attacks from March until June 2020.

These attacks, however, are not just pertaining to the BFSI sector, but also the healthcare sector, and the education sector.

Image Source: BusinessStandard.com

What motivates hackers to target SMBs? 

Hackers essentially target SMBs because it’s a source of easy money. From inadequate cyber defenses to lower budgets and/or resources, smaller businesses often lack strong security policies, cybersecurity education programs, and more, making them soft targets. 

SMBs can also be a ‘gateway’ to larger organizations. As many SMBs are usually connected electronically to the IT systems of larger partner organizations, it becomes an inroad to the bigger organizations and their data. 

How can companies shield themselves from a potential cyberattack: 

As a response to the rising number of attacks in cyberspace, the Home Ministry of India issued an advisory with suggestions on the prevention of cyber thefts, especially for the large number of people working from home. Organizations and key decision-makers in a company can also create an effective cybersecurity strategy that’s flexible for adaptation in a changing climate too. Here are a few use cases: 

  • CERT-In conducted ‘Black Swan – Cyber Security Breach Tabletop Exercise’, in order to deal with cyber crisis and incidents emerging amid the COVID-19 pandemic, resulting from lowered security controls. 
  • To counter fraudulent behavior in the finance sector, the government is also considering setting up a Computer Emergency Response Team for the Financial Sector or CERT-Fin.
  • Several tech companies have come forth to address cybersecurity threats by building secure systems and software to mitigate issues like these in the foreseeable future. For example, IBM Security has collaborated with HCL Technologies to streamline threat management for clients through a modernized security operation center (SOC) platform called HCL’s Cybersecurity Fusion Centres. 

Some of the ways through which companies can mitigate potential risks include: 

  • Informing users of hacker tactics and possible attacks
  • Establish security rules, create policies, and an incident response plan to cover the entire gamut of their operations
  • Basic security measures such as regularly updating applications and systems
  • Following a two-factor authentication method for accounts and more

While these measures are some of the ways to be on top of your game in the cybersecurity space, they will also help in sound threat detection while helping gain better insights into attacks and prioritizing security alerts so that India is better prepared for an oncoming attack and battling any unforeseen circumstance that might result in huge loss of data, resources and more. 

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Paris-based Shift Technology becomes the latest insurtech unicorn in France after raising €183.2 million

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Shift Technology, the French startup that has created a solution that enables its insurance clients to detect fraudulent claims, is now worth $1 billion after raising its fourth round of funding. The startup, which also operates in the UK and the US, will expand its team of data scientists, particularly in France.

The AI-based insuretech startup recently announced that it had raised $220 million or around €183.2 million in a series D from Advent International, Avenir Growth, Accel, Bessemer Venture Partners, General Catalyst, Iris Capital and Bpifrance. This latest funding should enable it to structure its R&D, while its offer has expanded since its foundation in 2013. Shift Technology initially focused on fraud detection, but the startup now intends to offer a tool capable of managing the entire chain. It also aims to continue its deployment in the UK and the US, strengthened by its recent unicorn status, whereby its valuation now exceeds one billion dollars.

Originally, the startup sought to facilitate the customer compensation process offered by insurers in the event of a claim – water damage, car accident, etc. Described as the number one fear of policyholders by Jeremy Jawish, CEO and co-founder of Shift Technology and, as such, a major issue for their clients. Once this brick was laid, during its first years of existence, the startup decided to go beyond declaration fraud by making its solution a decision-making aid for insurers. They now offer automated closure of claims files and detection of underwriting fraud. These complementary products are already in production with its customers, who are, to date, around one hundred in some 25 countries. This production was made possible thanks to the previous funding round of €53 million in March 2019.

Shift Technology says it has already analysed 2 billion claims on behalf of insurers since its inception. According to CEO Jeremy Jewish, they receive the data provided by insurers, as well as a number of public data about the claimant. Their algorithms read, among other things, the claim declaration before determining whether to file an appeal or carry out a check for money laundering. The Banque Postale has adopted its solution to accelerate the management of claims for its customers. So has the Axa group, which is also a user. For the latter, the aim is to “limit the manual actions that its employees have to carry out. And to satisfy its customers, Shift Technology is counting on its team of data scientists, which it claims to be “the largest in the insurance sector” and which will be further strengthened.

With 350 employees, the company says that recruitment will be the main focus of its investment strategy following its Series D. “We’re going to recruit a lot in France and a little in the US,” says Jérémy Jawish, who also wants to “approach the health insurance sub-sector more aggressively. Shift Technology says it wants to set up “the largest French centre dedicated to artificial intelligence in insurance” with 300 experts by 2023. With an underlying aim, the startup wants to show that “champions are being created in France”. CEO Jérémy Jawish adds that the COVID-19 crisis has had “a big impact” on its activities according, but has not slowed down the pace of its market openings. A pace that should remain fairly steady.

Shift Technology aims to become an international player in its market. To do this, the french company is counting on its ‘unique’ model based on a single vertical – insurance again and again. However, competition, especially in the US, is a key driver for them to stay on top of their game. As a reminder, this Series D round brings the total amount of funds raised by the company since 2013 to $320 million (nearly €267 million).

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Source: https://www.eu-startups.com/2021/05/paris-based-shift-technology-becomes-the-latest-insurtech-unicorn-in-france-after-raising-e183-2-million/

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Paris-based Shift Technology becomes the latest insurtech unicorn in France after raising €183.2 million

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Published

on

shift_technology

Shift Technology, the French startup that has created a solution that enables its insurance clients to detect fraudulent claims, is now worth $1 billion after raising its fourth round of funding. The startup, which also operates in the UK and the US, will expand its team of data scientists, particularly in France.

The AI-based insuretech startup recently announced that it had raised $220 million or around €183.2 million in a series D from Advent International, Avenir Growth, Accel, Bessemer Venture Partners, General Catalyst, Iris Capital and Bpifrance. This latest funding should enable it to structure its R&D, while its offer has expanded since its foundation in 2013. Shift Technology initially focused on fraud detection, but the startup now intends to offer a tool capable of managing the entire chain. It also aims to continue its deployment in the UK and the US, strengthened by its recent unicorn status, whereby its valuation now exceeds one billion dollars.

Originally, the startup sought to facilitate the customer compensation process offered by insurers in the event of a claim – water damage, car accident, etc. Described as the number one fear of policyholders by Jeremy Jawish, CEO and co-founder of Shift Technology and, as such, a major issue for their clients. Once this brick was laid, during its first years of existence, the startup decided to go beyond declaration fraud by making its solution a decision-making aid for insurers. They now offer automated closure of claims files and detection of underwriting fraud. These complementary products are already in production with its customers, who are, to date, around one hundred in some 25 countries. This production was made possible thanks to the previous funding round of €53 million in March 2019.

Shift Technology says it has already analysed 2 billion claims on behalf of insurers since its inception. According to CEO Jeremy Jewish, they receive the data provided by insurers, as well as a number of public data about the claimant. Their algorithms read, among other things, the claim declaration before determining whether to file an appeal or carry out a check for money laundering. The Banque Postale has adopted its solution to accelerate the management of claims for its customers. So has the Axa group, which is also a user. For the latter, the aim is to “limit the manual actions that its employees have to carry out. And to satisfy its customers, Shift Technology is counting on its team of data scientists, which it claims to be “the largest in the insurance sector” and which will be further strengthened.

With 350 employees, the company says that recruitment will be the main focus of its investment strategy following its Series D. “We’re going to recruit a lot in France and a little in the US,” says Jérémy Jawish, who also wants to “approach the health insurance sub-sector more aggressively. Shift Technology says it wants to set up “the largest French centre dedicated to artificial intelligence in insurance” with 300 experts by 2023. With an underlying aim, the startup wants to show that “champions are being created in France”. CEO Jérémy Jawish adds that the COVID-19 crisis has had “a big impact” on its activities according, but has not slowed down the pace of its market openings. A pace that should remain fairly steady.

Shift Technology aims to become an international player in its market. To do this, the french company is counting on its ‘unique’ model based on a single vertical – insurance again and again. However, competition, especially in the US, is a key driver for them to stay on top of their game. As a reminder, this Series D round brings the total amount of funds raised by the company since 2013 to $320 million (nearly €267 million).

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.eu-startups.com/2021/05/paris-based-shift-technology-becomes-the-latest-insurtech-unicorn-in-france-after-raising-e183-2-million/

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