MedCity News October 16, 2024
In the future, healthcare AI startups that offer multimodal models may have an easier time raising venture capital than healthcare AI companies that don’t, according to Morgan Cheatham, vice president at Bessemer Venture Partners.
The past few years have seen a surge in demand for healthcare AI. This doesn’t show any signs of stopping soon — with three-quarters of the country’s providers and payers reporting that they have increased their IT spending over the past year.
The healthcare sector’s enthusiasm for AI has given way to hundreds of startups selling AI-powered products designed for providers, payers and biotech companies — and these AI startups must prove their value to investors in order to secure venture capital.
In the future,...
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