Healthcare Technology Report has named its top 100 health tech companies of 2023.

The chief executives of Microsoft and Google parent company Alphabet touted their health system partnerships in the Big Tech firms' Oct. 24 earnings calls.

Moderna is partnering with artificial intelligence-focused precision medicine company Caris Life Science to support Moderna's oncology initiatives. 

Cleveland Clinic has secured leadership in a quantum computing project spearheaded by nonprofit company Wellcome Leap and is set to make substantial contributions to a separate initiative in collaboration with Algorithmiq.

Healthcare-focused investment firm OrbiMed has raised over $4.3 billion in its three latest funds, The Wall Street Journal reported Oct. 24.

Although hospitals and health systems continue to face financial headwinds, the challenges and problems spawn new opportunities on where they can innovate, David Sylvan, Cleveland-based University Hospitals' new chief strategy and innovation officer, told Becker's.   

Tacoma, Wash.-based MultiCare Health System collaborated with Microsoft to organize the multitudes of health data from sources including fitness trackers and phones.

David Sylvan, University Hospitals' new chief strategy and innovation officer, said health systems cannot think about innovation in a vacuum. Rather, they must think about when and how innovation has the ability to solve their organization's most pressing needs.

Pair Team, a virtual care company that partners with health centers to treat Medicaid patients, raised $9 million in series A financing.

When Tampa (Fla.) General Hospital CIO Scott Arnold took on innovation duties Oct. 12, he joined a growing club of health system IT chiefs with the dual role.

Global investment firm KKR announced an agreement to buy a minority stake and invest in Catalio Capital Management, an investment firm focused on biomedical technology.

While hospitals collect massive amounts of data, 97% of it goes unused, according to Microsoft.

Artificial Intelligence-supported digital applications (AI applications) are expected to transform radiology. With more than 300 AI applications cleared by the FDA, they have a broad range of use cases in radiology1. AI applications for image interpretation are generating excitement within radiology with potential to aid in image processing and interpretation with greater accuracy and sensitivity. In addition, non-interpretative AI applications have the potential to play important roles in improving efficiency, safety, and quality. 

As the inaugural chief data and analytics officer of Atlanta-based Emory Healthcare, Joe Depa told Becker's that entering this uncharted territory "isn't merely a technological challenge — it's about evolving mindsets, processes and operations."

St. Louis-based Mercy said numerous uses for AI will be launched in 2024, The Oklahoman reported Oct. 17. 

Pittsburgh-based Highmark Health is employing generative artificial intelligence from Google to create marketing materials and document encounters on both its provider and payer sides.

Charlotte, N.C.-based Advocate Health has been on the forefront of healthcare transformation for years, and CEO Eugene Woods will stay focused on innovation next year.

Marc Harrison, MD, CEO of Health Assurance Transformation Corp., told Becker's that the General Catalyst-launched company is looking to acquire "a system that wants to change" in the "$1 billion to $3 billion" range.

Artificial intelligence, chatbots and virtual assistants can handle routine administrative tasks, reducing burden on healthcare staff and costs for hospitals and health systems, the San Diego Business Journal reported Oct. 16. 

Healthcare is embracing generative artificial intelligence slower than other industries but using it most for personalization and customer experience, according to a survey of 600 IT leaders.