Issue link: https://beckershealthcare.uberflip.com/i/1092388
76 CIO / HEALTH IT IBM to invest $2B into AI research hub in New York: 3 notes By Jessica Kim Cohen I BM plans to invest more than $2 bil- lion to grow its artificial intelligence footprint in New York state, New York Gov. Andrew Cuomo announced Feb. 7. "New York has always been at the fore- front of emerging industries, and this private sector investment to create a hub for artificial intelligence research will attract world-class minds and drive eco- nomic growth in the region," Mr. Cuomo said in a news release. ree notes: 1. IBM will invest in AI efforts at SUNY Polytechnic Institute's campus in Alba- ny, N.Y., and other IBM facilities in the state. IBM plans to provide at least $30 million for AI research across the SUNY system, with SUNY matching up to $25 million. 2. A key part of the $2 billion commit- ment is an AI hardware center that IBM will open at the SUNY Polytechnic In- stitute's campus. e center will focus on research, development and testing related to computer chips used in AI. 3. IBM said the company expects the AI hardware center to attract new AI com- panies and federal researchers to the state, as well as foster economic devel- opment and create new jobs. e center will collaborate with various technology companies, including Samsung and To- kyo Electron Limited. "Under the governor's leadership, our partnership with businesses continues to foster research breakthroughs and eco- nomic growth while working to combat everything from diseases and cancer to mitigating climate change," SUNY Chancellor Kristina Johnson, PhD, said. "Artificial intelligence is just one exam- ple of how SUNY is investing in new tech clusters to prepare our students for the good-paying jobs of tomorrow." n These 6 healthcare startups will be the next $1B 'unicorns,' NYT and analysts predict By Jessica Kim Cohen S ix of the next 50 unicorns, or start- ups valued at $1 billion or more, are related to healthcare, accord- ing to an analysis. The New York Times and CB Insights — a research firm focused on predicting technology trends — partnered to com- pile a list of 50 "high-momentum" start- ups that the organizations believe will one day be unicorns. They identified the 50 companies using the Mosaic algo- rithm, a metric that combines a compa- ny's financial health, the amount of trac- tion it has and the strength of its market. NYT and CB Insights used the same ap- proach in 2015 to develop a list of 50 fu- ture unicorns. Nearly half of those com- panies (48 percent) are unicorns today. The two most common industries rep- resented in NYT and CB Insights' 2019 list were (1) accounting and finance soft- ware and (2) business intelligence tools. The six healthcare-related startups in- cluded in the analysis, listed in alpha- betical order: 1. Alto Pharmacy (pharmacy) 2. Benchling (healthcare) 3. KRY (healthcare) 4. Medbanks Network Technology (healthcare) 5. Miaoshou Doctor (pharmacy) 6. Practo Technologies (healthcare) n Northwell Health adds AI to EMR to cut readmissions By Jessica Kim Cohen N ew Hyde Park, N.Y.-based North- well Health is integrating arti- ficial intelligence software into its EMR at 15 hospitals in an attempt to decrease avoidable readmissions. The health system is implementing Jvion's cognitive machine software, which identifies at-risk patients based on medical history and social determi- nants of health information, such as lack of access to transportation or housing insecurity. The AI software also recom- mends steps to mitigate a patient's risk of a readmission. Northwell Health will focus on readmis- sions and avoidable admissions within its managed care population during the initial implementation phase. n Molina Healthcare selects Infosys to improve IT functions By Anuja Vaidya M olina Healthcare, a Long Beach, Calif.-based managed care company, is joining forces with Infosys to improve its IT capabilities and operational efficiency. Per the agreement, Infosys, a provider of digital services and consulting, will manage Molina's IT infrastructure, including operations, end-user services and data centers. Molina hopes to improve the reliability of its IT functions via the partnership. "Bringing on a best-in-class partner like Infosys to help us manage our technolo- gy infrastructure will support the evolving needs of our business while delivering significant cost savings," said Jim Woys, executive vice president of health plan services for Molina Healthcare. n