GenHealth.AI Accelerates into Healthcare AI Market with New Funding, Advisor Appointments and Use Cases Across Healthcare

AI Start-up Pioneering Generative AI for Healthcare Receives $13M in Early Funding, Adds Industry Luminaries as Advisors, and Kicks off Use Cases for Health Insurance Plans and Provider Systems GenHealth.ai, a game-changing generative AI startup, is pushing the boundaries of AI in healthcare. The new company spun out of healthcare interoperability leader 1upHealth three months ago and secured $13M in funding, co-led by Craft Ventures and Obvious Ventures. GenHealth.ai also added industry leaders to its advisory board and launched numerous use cases for health insurance plans, pharmacies, and healthcare providers. Most of the attention for Generative AI has been centered on Large Language Models (LLMs) which are transformer neural networks trained on text data. However, the healthcare sector harbors vast, well-structured datasets that remain significantly underutilized in machine learning and analytics work. These datasets, which are critical to patient care, workflow processes, quality reporting, financial claims, and operational tasks, are encoded with granular medical event data and are represented using common data standards such as HL7, FHIR, EDI, and 837s, among others. GenHealth.ai’s patent-pending approach is to train transformer-based machine-learning models directly on encoded medical events instead of text. This approach produces the world’s first Large Medical Model (LMM) which is far less prone to hallucinations or bias from human input and can be used...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT 1upHealth Aneesh Chopra CareJourney Craft Ventures Don Rucker MD Eric Marriott Ethan Siegel GenHealth.ai Health IT Funding Health IT Fundings Health IT Investment Obvious Ventures Ricky Sahu Source Type: blogs