Business

The acquisition expands Teladoc's specialist network and presence in the region, while the company navigates ongoing financial challenges.

CredAlliance aims to eliminate duplication of the credentialing process for providers.

The financing comes on top of the company's $900 million annual research and development investment in the U.S.

The company plans to launch the first version of its AI Advocate tool, aimed at helping patients manage and guide their overall healthcare, in the third quarter of this year.

The company's CEO defended its feature as a wellness tool under the 21st Century Cures Act, combating the FDA’s claim that it qualifies as a regulated medical device.

Kenrick Cato, nurse scientist, pediatric data and analytics, Children's Hospital of Philadelphia, says that nurses are excited about AI but are cautious and while they want help from AI, they don't want AI to do their job.

The alliance aims to benefit patients with chronic conditions and allow real-time interoperability among healthcare providers, pharmacies and payers.

The company will use the funds to expand its technology offerings and nationwide partnerships.

Megan Zakrewsky, VP of product for clinical data exchange at Veradigm, discusses how automating payer data exchange and reducing desktop crowding for providers supports decision-making and reduce burnout.

The company will use the funds to open a new headquarters in the Bay Area, scale its reach and platform, and expand its workforce.