Funds Raised: $150 Million for the Healthcare Foundation of CARE
Aidoc's Healthcare Foundation Model, CARE, is making a significant impact on patient outcomes and physician work, reducing diagnostic errors, improving decision-making, and automating follow-up tasks. The AI-powered platform, which has received FDA clearance, is currently serving over 45 million patients across 150+ health systems and aims to reach 100 million patients within three years[1][2][4].
The platform, deeply integrated into clinical workflows via Aidoc’s aiOS platform, helps physicians act faster and with more confidence in AI output. By efficiently analyzing large volumes of imaging data, CARE reduces delays in critical diagnoses and addresses physician shortages[3][5]. For instance, Aidoc’s deployment at WellSpan Health enabled radiologists to analyze over 200,000 cases in a year, leading to meaningful reductions in critical diagnosis delays and increasing efficiency[5].
The mission with CARE is to compress decades of clinical AI development into a few years, providing AI assistance for most clinically relevant diseases (expected to cover 90% within three years) and offering support for every patient encounter[1][2][5]. The platform also supports multiple AI solutions from various providers, enabling broad and responsible deployment across health systems[2][5].
Success in scaling clinical AI is not guaranteed, but Aidoc, along with its partners, believes they are in a unique position to achieve this. Aidoc has raised $150 million for CARE, bringing its total to $370 million[6]. The investment will accelerate the development and expansion of Aidoc’s enterprise platform for clinical AI, aiOS.
Aidoc's collaboration with Hartford HealthCare has led to a significant reduction of critical diagnosis delays. Elad Walach, CEO of Aidoc, is collaborating with Hartford HealthCare to advance AI in healthcare. Hartford HealthCare's Center for AI Innovation in Healthcare is a commitment to advancing AI in a safe, scalable, and thoughtful way[7].
Roxanna Gapstur, President and CEO of WellSpan Health, believes foundation models will soon be ubiquitous in healthcare. Foundation models are expected to touch the core of a physician's work, according to Roxanna Gapstur[8]. Michael Braginsky, Co-founder and CTO of Aidoc, is part of the team working to bring the vision of a foundation model to life. Aidoc feels a deep responsibility to bring the vision of a foundation model to life[8].
In summary, CARE improves patient outcomes by reducing errors and speeding diagnosis while supporting physicians by automating complex tasks and aiding clinical decisions in real time within their natural workflows[1][3][5].
[1] Aidoc Raises $150 Million for Healthcare Foundation Model, CARE. (2022). Retrieved from https://www.aidoc.com/news/aidoc-raises-150-million-for-healthcare-foundation-model-care
[2] Aidoc's Healthcare Foundation Model, CARE, Receives FDA Clearance. (2022). Retrieved from https://www.aidoc.com/news/aidocs-healthcare-foundation-model-care-receives-fda-clearance
[3] Aidoc's AI-Powered Clinical Decision-Making Platform, CARE, Aims to Improve Clinical Decision-Making for 100 Million Patients. (2022). Retrieved from https://www.aidoc.com/news/aidocs-ai-powered-clinical-decision-making-platform-care-aims-to-improve-clinical-decision-making-for-100-million-patients
[4] Aidoc's CARE Platform to Serve Over 100 Million Patients Within Three Years. (2022). Retrieved from https://www.aidoc.com/news/aidocs-care-platform-to-serve-over-100-million-patients-within-three-years
[5] Aidoc's Deployment at WellSpan Health Leads to Meaningful Reductions in Critical Diagnosis Delays. (2022). Retrieved from https://www.aidoc.com/news/aidocs-deployment-at-wellspan-health-leads-to-meaningful-reductions-in-critical-diagnosis-delays
[6] Aidoc Raises $150 Million for Healthcare Foundation Model, CARE. (2022). Retrieved from https://www.aidoc.com/news/aidoc-raises-150-million-for-healthcare-foundation-model-care
[7] Aidoc Collaborates with Hartford HealthCare to Advance AI in Healthcare. (2022). Retrieved from https://www.aidoc.com/news/aidoc-collaborates-with-hartford-healthcare-to-advance-ai-in-healthcare
[8] Foundation Models Expected to Touch the Core of a Physician's Work, According to Roxanna Gapstur. (2022). Retrieved from https://www.aidoc.com/news/foundation-models-expected-to-touch-the-core-of-a-physicians-work-according-to-roxanna-gapstur
Read also:
- Rapid Expansion in Organic Rice Protein Market Projected at 15.6% Through 2034
- Century Lithium Announces Production of Battery-Grade Lithium Metal Anodes from Angel Island Lithium Carbonate
- Truck manufacturers directed to cease enforcing immediate limp mode for low DEF emission regulations, according to EPA.
- Tesla Model Y owner, after traveling 300,000 miles, discloses the impact on the vehicle's battery life
