1 00:00:00,240 --> 00:00:02,560 This is Naomi Diaz with the Becker's Digital 2 00:00:02,560 --> 00:00:05,679 Health podcast. Here's your daily industry news briefing 3 00:00:05,679 --> 00:00:07,540 for today, May 7. 4 00:00:08,240 --> 00:00:11,199 First, the FDA has appointed Jeremy Walsh as 5 00:00:11,199 --> 00:00:13,219 its first chief artificial intelligence 6 00:00:13,599 --> 00:00:14,099 officer. 7 00:00:14,535 --> 00:00:16,695 Mister Walsh, who announced the career move in 8 00:00:16,695 --> 00:00:19,515 a May 2 LinkedIn post, will also oversee 9 00:00:19,574 --> 00:00:21,675 information technology in the role. 10 00:00:22,054 --> 00:00:24,774 He joins the FDA after fourteen years at 11 00:00:24,774 --> 00:00:28,714 government contractor Booz Allen Hamilton as chief technologist, 12 00:00:29,379 --> 00:00:31,879 according to a May 6 report from Politico. 13 00:00:32,659 --> 00:00:35,479 In that role, mister Walsh developed cloud infrastructure 14 00:00:35,619 --> 00:00:38,420 and data analytics systems for agencies like the 15 00:00:38,420 --> 00:00:38,920 FDA, 16 00:00:39,299 --> 00:00:39,799 CDC, 17 00:00:40,420 --> 00:00:40,920 NIH, 18 00:00:41,635 --> 00:00:45,335 Department of Veterans Affairs, and Military Health Services. 19 00:00:46,034 --> 00:00:48,674 The appointment follows an April 3 directive from 20 00:00:48,674 --> 00:00:51,174 the Office of Management and Budget that stated 21 00:00:51,234 --> 00:00:54,435 each federal agency must appoint a chief AI 22 00:00:54,435 --> 00:00:56,454 officer within sixty days. 23 00:00:57,450 --> 00:00:57,950 Second, 24 00:00:58,649 --> 00:01:00,350 Pittsburgh based UPMC 25 00:01:00,810 --> 00:01:03,469 Enterprises, the venture capital arm of UPMC, 26 00:01:03,850 --> 00:01:06,829 led an 18,250,000 27 00:01:07,130 --> 00:01:10,270 series b one financing round for Carta Healthcare, 28 00:01:10,814 --> 00:01:13,795 a provider of AI powered clinical data abstraction. 29 00:01:14,734 --> 00:01:18,034 Other participants in the round include MemorialCare Innovation 30 00:01:18,094 --> 00:01:20,974 Fund, Rex Health Ventures, the investment fund of 31 00:01:20,974 --> 00:01:23,950 Chapel Hill, North Carolina based UNC Health, and 32 00:01:23,950 --> 00:01:27,150 Tampa, Florida General Hospital Ventures, according to a 33 00:01:27,150 --> 00:01:28,530 May 7 news release. 34 00:01:28,909 --> 00:01:32,049 The new funding will support Carta Healthcare's continued 35 00:01:32,349 --> 00:01:34,689 customer expansion, according to the company. 36 00:01:35,230 --> 00:01:38,049 Carta Healthcare was founded in 2017. 37 00:01:39,295 --> 00:01:39,795 Third, 38 00:01:40,255 --> 00:01:42,734 Optum has launched a new AI powered revenue 39 00:01:42,734 --> 00:01:45,775 cycle platform aimed at reducing administrative burden for 40 00:01:45,775 --> 00:01:48,194 health systems through better clinical documentation 41 00:01:48,575 --> 00:01:49,954 and coding accuracy. 42 00:01:50,895 --> 00:01:53,939 Optum Integrity One consolidates several RCM functions 43 00:01:54,900 --> 00:01:55,799 single interface, 44 00:01:56,100 --> 00:01:57,000 allowing hospital 45 00:01:57,299 --> 00:01:59,640 employees to remove manual processes across multiple 46 00:01:59,939 --> 00:02:02,920 platforms, according to a May 7 news release. 47 00:02:03,219 --> 00:02:06,020 The platform uses AI to automate revenue cycle 48 00:02:06,020 --> 00:02:08,264 tasks from point of care through final coding, 49 00:02:08,344 --> 00:02:10,444 such as removing clinical documentation, 50 00:02:11,145 --> 00:02:14,365 assigning codes, and capturing services for billing. 51 00:02:14,824 --> 00:02:17,705 This will enable more accurate documentation and billing, 52 00:02:17,705 --> 00:02:19,884 allow providers to receive proper reimbursement, 53 00:02:20,540 --> 00:02:23,659 help patients avoid surprise charges, and enable more 54 00:02:23,659 --> 00:02:25,200 efficient claims processing. 55 00:02:26,060 --> 00:02:28,939 Fully autonomous and partially autonomous coding is available 56 00:02:28,939 --> 00:02:31,680 and allow humans to oversee complex and specialized 57 00:02:31,900 --> 00:02:32,400 cases. 58 00:02:33,144 --> 00:02:35,705 Opto partners with health systems nationwide to manage 59 00:02:35,705 --> 00:02:38,924 administrative services such as RCM and information technology. 60 00:02:39,465 --> 00:02:41,944 The UnitedHealth Company set a recent pilot program 61 00:02:41,944 --> 00:02:43,705 for the new RCM platform with the health 62 00:02:43,705 --> 00:02:46,344 system showed a coding productivity increase of over 63 00:02:46,344 --> 00:02:47,164 20%. 64 00:02:47,849 --> 00:02:49,450 If you would like the latest health IT 65 00:02:49,450 --> 00:02:51,370 and digital health industry news delivered to your 66 00:02:51,370 --> 00:02:54,250 inbox every morning, subscribe to the Becker CIO 67 00:02:54,250 --> 00:02:56,250 and health IT review e newsletter through our 68 00:02:56,250 --> 00:03:00,110 website at ww.beccarshospitalreview.com.