Healthcare AI Guy Weekly | 8/5

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Highlights if you’ve only got 2 minutes…

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A new era for healthcare data sharing

The White House and CMS just launched the Health Tech Ecosystem Initiative to modernize how healthcare data is shared and accessed. Backed by 60 major companies like Google, OpenAI, Apple, Cleveland Clinic, and CVS, the initiative centers on two goals: creating a CMS Interoperability Framework to enable real-time data exchange across systems, and building a connected ecosystem of tools for chronic care, digital check-ins, and conversational AI. Patients will control their own data, and the government says there will be no centralized database. By early 2026, participating networks must offer unified records, FHIR API access, and app-based patient tools. The goal is to simplify care and unlock infrastructure that could power safe, AI-enabled health services nationwide. CMS Administrator Dr. Oz called it a long-overdue shift toward patient-centered, tech-enabled care. This could be the moment healthcare finally catches up to the rest of the digital economy. (link)

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Sword Health is all in on AI

Sword Health, which grew from a $160M revenue run rate in January to over $260M by July, is going all in on AI. The company just launched Sword Intelligence, a new division offering AI care agents for payers, providers, and governments. These agents—first developed to streamline Sword’s internal operations—now automate triage, enrollment, referrals, and care coordination across the healthcare ecosystem. It’s a major step beyond the company’s roots in musculoskeletal care. The launch follows a string of AI-focused moves: Sword recently debuted an AI-powered mental health model and Phoenix, an AI care specialist that supports members in real time alongside clinicians. With over 600,000 members, $1B in reported cost savings, and more than 1,000 enterprise clients, Sword is positioning itself as a category leader in operational AI. Industry watchers see a potential IPO on the horizon for late 2025. (link)(linkedin)

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Healthcare x AI hackathon recap

We just wrapped an amazing Healthcare x AI Agents Hackathon in NYC! Big thanks to our partners OpenAI, Adonis, Anterior, Stedi, Healthie, Tennr, knownwell, Amigo, Frist Cressey Ventures, Lovable, and Baseten for making it all possible. Over 150 engineers, clinicians, and operators came together to build agentic solutions for real healthcare problems. 16 teams worked on everything from care coordination to clinical documentation, using voice tech, multi-agent systems, and EHR integrations. Tons of great ideas, good food, and even better people. We’re excited to keep the momentum going and to keep supporting the builders pushing healthcare forward. Below are the winners! (link)

• 🥇 1st Place — Veritas Health: Built a multi-agent system for clinical documentation improvement and value-based care. Used an ensemble of models to identify coding gaps and decode payer contract language. (link)

• 🥈 2nd Place — CareCanvas AI: Created a HIPAA-compliant “Replit for healthcare,” a low-code platform that helps small practices build and deploy EHR-integrated tools without needing developers. (link)

• 🥉 3rd Place — Post-Appointment Care Companion: Designed a patient-facing AI support system that helps with care between visits, including meal planning, reminders, and follow-ups to keep patients on track. (link)

• Healthie ROI Award — Morning Rounds: Built an AI assistant that helps primary care doctors start their day by reviewing overnight updates, completing tasks, and surfacing clinical actions.

Tools & Partnerships 🔧

Latest on business, consumer, and clinical healthcare AI tools and partnerships…

TOOLS

• Aetna launches Care Paths app for chronic condition support: Aetna released Care Paths, an AI-powered app offering personalized care guidance for diabetes, joint health, and maternity. It’s part of CVS’s $20B consumer investment. (link)

• Labcorp debuts AI tool to simplify lab test selection: Labcorp’s new Test Finder uses generative AI to help providers describe symptoms in plain language and get curated lab test recommendations. (link)

• Google unveils SensorLM for wearable data analysis: Google’s SensorLM interprets data from wearable devices to offer personalized insights on how daily activities impact physical health. (link)

• Innovaccer launches Comet, an AI tool for call centers: Health data platform Innovaccer rolled out Comet, an AI-powered Access Center solution that integrates with EHRs to handle scheduling, referrals, and eligibility checks, cutting call times by up to 38%. (link)

• Stanford develops virtual AI scientists for biomedical R&D: Stanford and CZ Biohub created a multi-agent AI lab that designs and tests nanobody candidates. It recently generated COVID-19 binders in days, with minimal human input. (link)

• OMNY Health hits 100M patients on AI-ready data platform: OMNY’s data engine now covers nearly 1 in 3 Americans, with structured and unstructured EHR data from 46 health systems and 650K providers, supporting AI development, rare disease R&D, and hospital-led LLMs. (link)

PARTNERSHIPS

• Abridge + Hospital for Special Surgery: HSS is deploying Abridge’s ambient AI platform across its enterprise to enhance documentation and coding in orthopedic care, with joint development of ortho-specific features underway. (link)

• Amigo + Eucalyptus: Amigo is partnering with Eucalyptus to embed AI health agents into its virtual clinic portfolio, starting with Juniper, its weight management clinic. (link)

• HCA Healthcare + Google Cloud: HCA is piloting an AI-powered Nurse Handoff tool built with Google’s MedLM models to generate shift summaries from EHRs, with 90% of nurses finding it helpful. A systemwide rollout could follow. (link)

• Torrance Memorial + Oracle Health: Torrance Memorial Physician Network reduced documentation time by 23% using Oracle’s Clinical AI Agent, which listens to visits and generates draft notes, including Spanish-language support, directly in the EHR. (link)

• AtlantiCare + Oracle Health: AtlantiCare expanded Oracle’s Clinical AI Agent to 260 providers across 26 specialties, cutting documentation time by up to 50% and generating 1,000 notes daily, with inpatient and nursing rollouts underway. (link)

Deal Desk 💸 

Spotlight on latest capital raises, M&A, and investments…

FUNDING

• OpenAI, the foundation model developer, raised $8.3B at a $300B valuation. This is part of a previously announced $40B round that's expected to close by year-end, inclusive of the $10B that closed in June ($7.5B from SoftBank). Participants in this tranche include Dragoneer, Blackstone, TPG, T. Rowe Price, Fidelity, a16z, Altimeter, Coatue, D1 Capital Partners, Founders Fund, Sequoia Capital, Tiger Global, and Thrive Capital. (link)

• Ambience Healthcare, an SF-based AI platform for documentation, coding, and clinical workflow, raised $243M in Series C funding. Oak HC/FT and a16z led the round and were joined by existing investors OpenAI, Kleiner Perkins, and Optum Ventures. (link)

• Ultromics, a developer of AI-driven cardiology solutions, secured a $55M Series C co-led by L&G, Allegis Capital, and Lightrock, with continued support from existing investors and some major US health systems. (link)

• Arbital Health, an SF-based health care technology company that provides critical infrastructure for providers and payers to successfully manage risk-based contracts, raised $31M in Series B funding. Valtruis led the round and was joined by existing investors. (link)

• b.well Connected Health, a FHIR-based interoperability platform, raised $20M in growth capital from Trinity Capital. (link)

• C8 Health, an NYC-based practice implementation platform for healthcare, raised $12M in Series A funding. Team8 led the round and was joined by 10D and Vertex Venture Israel. (link)

• JotPsych, a Pepper Pike, Ohio-based medical AI scribe, raised $5M in seed funding. Base10 Partners led the round. (link)

GRANTS

• Kaiser Permanente: KP Northern California’s Division of Research has received a $5M grant from the American Heart Association to study how AI can improve screening and treatment for cardiovascular disease. (link)

Other Relevant News 🔍

News, podcasts, blogs, tweets, resources, etc…

• 42 lawmakers urge CMS to pause WISeR AI model rollout (link)

• Why prescribing will determine when AI becomes a real doctor (link)

• Samsung outlines big healthcare ambitions (link)

• $1B deployed into AI scribes in healthcare year to date (link)

• Google processed 980T (!) AI tokens in June, 2x from May’s total (link)

• How much water does AI use? Mistral has the answer (link)

AI Job Opportunities 💼 

Contact us to feature roles in our newsletter…

• Head of Product at Brellium, an AI chart review company

  $180 - $220k | Hybrid/NYC (link)

• ML Engineer at Amigo, a patient-facing AI agent platform

  $NA | NYC (link)

  VP Marketing at Nabla, an AI scribe and CDI company
  $NA | Remote (link)

Visuals of the Week 📸

Funny memes, cool pics, and interesting data from around the web…