Medtech firm Heartflow was valued at $2.27 billion on Friday, with its shares surging 47.4% in the Nasdaq debut, as the IPO market gathers momentum and outrides tariff worries. The shares opened at $28 and went as high as $31.5, signaling robust investor appetite for companies leveraging artificial intelligence for healthcare. Heartflow sold about 16.67 million shares at $19 each in its IPO on Thursday, raising $316.7 million.
Doximity is diving deeper into artificial intelligence, announcing on Thursday the acquisition of startup Pathway Medical for $63 million. Pathway has built an AI-powered clinical reference tool that doctors can use to ask questions about guidelines, drugs and trials. Pathway's answers are synthesized from medical literature, and Doximity said the Montreal-based startup has one of the largest structured datasets in medicine.
Epic, the company that manages electronic health records for nearly half of U.S. hospitals, is expected to announce new technology this month that automatically transcribes doctors’ notes during patient visits, according to two doctors, a health industry group representative and a venture capitalist with knowledge of the announcement, granted anonymity to discuss the news.
Butler Hospital's striking workers and management are scheduled to resume talks with a federal mediator on Wednesday, marking the first formal negotiations since the union last week rejected the hospital’s "revised last, best, and final" offer. Roughly 700 unionized workers at the psychiatric hospital on Providence's East Side have been on strike since mid-May. The union, SEIU 1199 New England, represents about 700 hospital employees and another 100 unfilled union jobs.
This Camden apartment complex comes with unusual amenities. The first floor of the building is home to a new Virtua Health primary care office that will serve both tenants and adults in the surrounding community. The complex is the second of its kind in New Jersey and part of a state-led initiative to expand affordable housing options and increase access to healthcare by eliminating common barriers like transportation gaps and travel issues.
Even though many companies report positive ROI from gen AI, IT leaders don't always know how to actually measure it, and the vast majority of AI projects fail. So what's the real story, and what metrics are important to gauge AI success?