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June 03, 2024, Issue #261

Editor’s note

This weekly newsletter is brought to you by the Damo and BigRio research and insights team.

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Digital Health in the News

AI in action: Enhancing suicide risk detection in behavioral health

From automating administrative tasks to clinical decision support, the use cases for artificial intelligence in healthcare continue to multiply. One unique approach is the use of natural language processing to gauge the risk of suicide among behavioral health patients. FIERCE Healthcare 

Epic leads new effort to democratize health AI validation

Healthcare organizations with fewer resources could use the new free and open-source tools to validate any artificial intelligence model and monitor its ongoing performance. "This is your cookbook," says Corey Miller, Epic's VP of R&D. Healthcare IT News

Crescent Regional Hospital is first to offer hologram patient visits

The Dallas-area hospital already uses a holographic video studio and will expand use by installing additional mini hologram displays at several locations throughout the facility and associated clinics. Healthcare IT News

Featured Offering for The Month

GenAI Odyssey Accelerator 

Chat Interactively with Your Enterprise Private Data

Odyssey_Diagram-061-06

BigRio Odyssey Accelerator enables businesses of all sizes who want to use GenAI to transform the way they search or query enterprise data, design workflows, derive enterprise analytics, report generation, dashboards, and more, to build a proof of concept before scaling it enterprise wide. The Odyssey Accelerator allows employees and other stakeholders of the organization to connect to all enterprise knowledge, search, chat, and query, without having to expose or compromise their data to the public domain.

👉Learn more

👉Book an Exploratory Call

Insights & Research

Study: Yale researchers reveal ChatGPT shows racial bias

A study published in Clinical Imaging says ChatGPT can simplify radiology reports, but the results differ significantly based on racial context. mobihealth news

Featured Event

himss ohio

This week we are at the Northern Ohio HIMSS Spring Conference in Beachwood, Ohio. The theme of the conference is “Revolutionizing Healthcare: The Power of Digital Innovation”. Let’s connect to discuss and explore how we can help you with your digital transformation in healthcare. Some of the hot topics include – GenAI and LLM in healthcare, GenAI Workshops to help your teams come up to speed with latest in GenAI or explore GenAI use cases in healthcare, and more! Drop us a note here, or DM Rohit Mahajan on LinkedIn.

Register for the event, if you still haven’t.

Damo Thought Leadership and Media Mentions

NEW! Harnessing AI Innovation in Healthcare: Transformative Applications and Future Directions

This article explores the transformative applications and future directions of AI in healthcare, focusing on key areas such as GenAI, RAG, Med LLM’s, Enterprise search, secure and private search, and multi-agent AI systems. Damo Blog

2023 DigiMTM Digital Maturity Momentum Awards

We are thrilled to announce the recipients of the 2023 DigiMTM Digital Maturity Momentum Awards, recognizing excellence and contributions to digital transformation in healthcare. These awards celebrate individuals and organizations that have demonstrated outstanding commitment, innovation, and impact in advancing digital maturity within our industry. Damo Research and Thought Leadership

Six Trends In The Use Of Generative AI In Healthcare

Last week, we conducted the CHIME online focus group, with our esteemed CHIME healthcare provider members, discussing Enterprise AI Adoption and Governance in Healthcare. The focus was on evaluating current AI applications within healthcare systems, discussing AI’s potential to enhance operational efficiency and patient care, and addressing the challenges of data governance and security. Damo Blog

Research Report: Enterprise AI Adoption and Governance in Healthcare Organizations

Our annual survey of the state of Enterprise AI Adoption and Governance in Healthcare Organizations, as part of our CHIME Foundation membership, is out! Download the Report. Damo Research and Insights

Books Corner

rohit book
Paddy Book

Other Stuff We’re Reading

AI Will Increase the Quantity — and Quality — of Phishing Scams

Gen AI tools are rapidly making these emails more advanced, harder to spot, and significantly more dangerous. Recent research showed that 60% of participants fell victim to artificial intelligence (AI)-automated phishing, which is comparable to the success rates of non-AI-phishing messages created by human experts. Companies need to: 1) understand the asymmetrical capabilities of AI-enhanced phishing, 2) determine the company or division’s phishing threat severity level, and 3) confirm their current phishing awareness routines. HBR

Nudge Users to Catch Generative AI Errors

Using large language models to generate text can save time but often results in unpredictable errors. Prompting users to review outputs can improve their quality. MIT Sloan Review

Digital Health Funding and M&A

Elon Musk’s xAI Raises $6 Billion, Has Potential To Disrupt Healthcare

xAI announced this weekend that its Series B funding round entailed nearly $6 billion dollars in investment. The roster of investors include industry stalwarts such as Sequoia Capital, Andreesen Horowitz and many more. The news comes at a time when AI in general is at the peak of the hype cycle, with record funding, significant resources toward research and all-time high stock valuations, and the work that xAI is doing has significant potential to disrupt healthcare. Forbes

Sleep diagnosis AI startup HoneyNaps bags $12M Series B funding

The South Korean company now plans to expand the application of its AI to diagnose other medical conditions, including heart and neurological disorders. mobihealth news

SamaCare garners $17M for its specialty medication workflow platform

The company will use the funds to expand its cloud-based automation platform for providers and pharmaceutical companies. mobihealth news

Note: Some of the articles linked in this newsletter may be behind paywalls that need a subscription.

Damo Consulting, 50 S Main Street, Suite 200, Naperville, Illinois 60540, United States

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