Funds Worth $150 Million Poured Into CARE Healthcare Foundation's Business Model
In a significant stride for the healthcare industry, Aidoc's clinical-grade AI model, CARE, has been instrumental in helping radiologists at Hartford HealthCare analyse over 200,000 cases in a single year, leading to a substantial reduction in critical diagnosis delays. This partnership is just one example of CARE's impact, as it currently serves over 45 million patients across 150+ health systems worldwide.
CARE, a foundation model trained on multimodal data, powers FDA-cleared applications and enables the development of new clinical indications up to 20 times faster. The model is expected to cover 90% of clinically relevant diseases, including cancer and cardiovascular conditions, within three years.
The aiOS platform, developed by Aidoc, integrates CARE deeply into clinical workflows, supporting both Aidoc and third-party AI models. This interoperability across healthcare systems is a key factor in CARE's success, as it allows for the efficient analysis of large volumes of medical images.
Roxanna Gapstur, President and CEO of WellSpan Health, shares a vision that foundation models will soon be as ubiquitous in healthcare as ChatGPT is in general use. This vision of scaling clinical AI is not just a dream, but a goal that can be achieved with the right resources and commitment.
Aidoc has raised $150 million dedicated to accelerating CARE's development, bringing it to market, and scaling its impact. The company leverages strategic partnerships with NVIDIA and AWS to strengthen its technical infrastructure and has initiated deployments in major health systems such as Advocate Health and Sutter Health.
Jeffrey A. Flaks, President and CEO of Hartford HealthCare, considers Aidoc an important partner for improving patient outcomes and staying at the forefront of tech-powered healthcare transformation. Elad Walach, CEO of Aidoc, is collaborating with Hartford HealthCare to advance AI in healthcare, with a mission to reduce diagnostic errors and enhance patient outcomes.
Michael Braginsky, Co-founder and CTO of Aidoc, feels a deep responsibility to bring the vision of scaling clinical AI to life. The Hartford HealthCare Center for AI Innovation in Healthcare is committed to advancing AI in a safe, scalable, and thoughtful way. With top-tier talent, powerful infrastructure, deep real-world insight, and sustained funding, Aidoc plans to invest over $150 million to bring CARE to market, aiming to improve clinical decision-making for 100 million patients.
This investment marks a significant advancement in the integration and impact of clinical AI, bringing us one step closer to a future where AI-powered solutions are as common in healthcare as they are in our daily lives.
[1] Aidoc Press Release: Aidoc Raises $150 Million to Accelerate Development and Scale Impact of its Clinical-Grade AI Platform, CARE. (2022). Business Wire. [2] Aidoc and WellSpan Health Partnership: AI-Powered Medical Imaging Analysis for Improved Patient Outcomes. (2021). Aidoc. [3] Aidoc and Hartford HealthCare Collaborate to Advance AI in Healthcare. (2021). Hartford HealthCare. [4] Aidoc's aiOS Platform: Integrating AI into Clinical Workflows. (2021). Aidoc. [5] Aidoc's CARE: Transforming Clinical Decision-Making through AI-Powered Solutions. (2021). Aidoc.
- The investment of $150 million for Aidoc's CARE platform signifies a crucial step towards making AI-powered solutions as common in healthcare as they are in everyday life, revolutionizing clinical decision-making for 100 million patients.
- Aidoc, in its efforts to scale clinical AI, envisions AI models becoming as ubiquitous in healthcare as ChatGPT is in general use, leveraging finance for development, strategic partnerships for technical infrastructure, and investing in technology to enhance patient outcomes.
