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PR Boasts, CEO Balks: One AI Firm’s Quest to Prove Value
Ada Health's CEO declined to comment on a bold PR pitch. He contends the company is profitable and at least one health system executive is satisfied with Ada's AI symptom checker.
Ada Health's CEO declined to comment on a bold PR pitch. He contends the company is profitable and at least one health system executive is satisfied with Ada's AI symptom checker.
U.K. doctor David Watkins has been a public critic of Babylon Health and its AI technology for years, during which has received anonymous emails from Babylon employees who shared his concerns but feared to speak out publicly. After Babylon collapsed, a former employee publicly declared that the AI engine was indeed faulty. As a longtime skeptic of Babylon's claims surrounding its technology, Watkins said that Ali Parsa, the company's CEO, shouldn’t be treated any differently to Elizabeth Holmes.
Join us on February 26 at 3 pm ET, and we’ll dive into the key areas where practices are losing time and money and provide solutions to overcome them.
Ada Health recently announced that Jefferson Health is deploying its technology across its entire enterprise as part of a digital front door initiative. The Berlin-based company’s AI-powered symptom assessment and care navigation tools helps health systems achieve a robust digital front door, which means staff members don’t have to spend as much time triaging patients or helping them navigate the process of finding care.
In our conversation, Adrienne McFadden, who at one time was a practicing physician, speaks about the evolution of the company to more of a curated matchmaker connecting and guiding people to the best care available.
The company announced this week that its AI-powered symptom assessment and care navigation platform is now available in the Epic App Orchard. Jeff Cutler, Ada's chief commercial officer, and Scott Fannin, the company's vice president of enterprise product management, discussed the announcement in a sit-down interview at the Global Health Conference & Exhibition in Orlando.
Ada Health closed its Series B round after a $30 million extension round. International investors Farallon Capital, Red River West and Bertelsmann Investments provided the additional funds. This follows an initial Series B raise of $90 million last May, which was led by Bayer's investment arm.
The new joint venture will bring K Health's artificial intelligence-driven technology to the consumer, employer and insurer markets. The solution enables patients to understand their symptoms and connect with a doctor if needed.
K Health raised $132 million in funding, which it plans to use to expand its platform into pediatric patients. The company has built a symptom-checker app and lets patients text a primary care physician for an additional fee.
In a study that tested eight symptom checkers against seven primary care providers, physicians still outperformed the apps. But between them, there was wide variation in the apps’ accuracy and safety, as well as the conditions they could assess.
K Health, a startup building a symptom checker that allows users to compare their symptoms to similar patient cases, struck a partnership with Mayo Clinic’s Data Analytics Platform. It also raised another $42 million in funding as it builds out a telehealth platform.
The Boston-based startup developed a symptom checker that can also help navigate users to care in their insurance network. Optum Ventures is also one of its backers.
The co-branded application will open up access to K Health's AI-driven triage and symptom checker tool to Anthem's more than 40 million members.
The new capital builds on top of a $12.5 million Series A earlier this year and will be directed at expanding the company's platform which is meant to provide more relevant and personalized health information to patients.