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Meticulous Research®’s Healthcare IT Market Report Mentions, Telehealth Solutions Market to Reach $4.4 Billion by 2027

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London, April 01, 2020 (GLOBE NEWSWIRE) — According to a new report titled Healthcare IT Market by Product (EMR, mHealth, PHM, RIS, PACS, RCM, Healthcare Analytics, Telehealth, SCM, HIE), Component (Software, Service), Delivery Mode  (Web, Cloud) and End User (Hospital, Payer, Pharmacy, Ambulatory, Homecare)- Global Forecast to 2027”, published by Meticulous Research®, factors such as improving health IT infrastructure, aging population & rising prevalence to chronic diseases, rising awareness about benefits of telemedicine, and favourable government initiatives & reforms/policies are driving the growth of the telehealth solutions market. In addition, importance of self-care, accelerated health costs, and new payment models further supports the growth of this market.Moreover, a shortage of healthcare professionals, penetration of artificial intelligence (AI) in telehealth solutions, availability & utilization of telehealth solutions for emerging applications, and rising use of smartphone by patients & healthcare professional are some of the other key healthcare industry trends supporting the adoption of telehealth solutions across the globe. The global telehealth market (excluding devices and services) is expected to reach $4.4 billion by 2027, growing at a CAGR of 10.2% during the forecast period; whereas, the overall healthcare IT market is projected to grow at a CAGR of 13.8% from 2019 to 2027 to reach $511.06 billion by 2027.Request a Sample Copy of the Healthcare IT Market Research Report: https://www.meticulousresearch.com/request-sample-report/cp_id=5084With the rapid evolution of the healthcare industry, healthcare organizations are leveraging innovative solutions to help and satisfy their patients for urgent care, specialty consults, behavioural health counselling, medication education, post-discharge management, chronic care management, and other service areas. However, owing to the shortage of physicians, healthcare organizations are not able to implement it.Many healthcare organizations are exploring strategies to tackle this challenge by using technology. Among them, one of the key technologies is telehealth. Telehealth is the way of delivering healthcare at a distance, with the help of telecommunications and information technology. It comprises the use of smartphones, emails, two-way video conference calls, and other wireless devices, such as wearable and Wi-Fi-connected biosensors or medical peripheral devices. The telehealth technology not only supports the delivery of healthcare, but also assists healthcare organizations to increase consumer engagement & focus on prevention & chronic care management outside the physician office.Key healthcare industry trends supporting the growth of the overall telehealth marketShortage of Healthcare ProfessionalsThere is a significant shortage of professionals in the healthcare system. A shortage of these professionals means access to quality health care is more difficult to obtain; patients are at more risk of hospital-acquired infections or mistakes/misdiagnosis, and hospitals themselves are at risk of internal organizational failure.According to the Association of American Medical Colleges (AAMC), there will be shortage of at least 94,700 physicians in the U.S. by 2030. The AAMC report also states that physicians between ages 65 and 75 accounts for 11% of the active workforce, and those between ages 55 and 64 make up nearly 26% of the active workforce. As the ratio of healthcare professionals to patients decreases, the use of telehealth systems in patient care will help close the gap and allow professionals to handle appointments with the help of real-time interactions, pre-recorded videos or images, remote patient monitoring (RPM), and mobile health (mHealth) technology. Thus, the shortage of healthcare professionals is driving the growth of the telehealth/telemedicine segment in the overall healthcare IT market.Penetration of Artificial Intelligence (AI) in TelehealthWith rising pressure of clinician shortage and soaring healthcare costs, healthcare providers turned to telehealth solutions. The integration of artificial intelligence in telehealth looks like a match made in healthcare field as both intended at cutting costs and diagnosing illness faster and more accurately. The integration of AI in telehealth will add values in making better diagnosis, recommending accurate treatments, tackling logistical challenges, and prevent physicians’ burnouts. In addition, patient engagement can also be improved by integrating this technology with telehealth.Request a Sample Copy of the Healthcare IT Market Research Report: https://www.meticulousresearch.com/request-sample-report/cp_id=5084Availability & Utilization of Telehealth Solutions for Emerging Applications The adoption and acceptance of telehealth is wide spreading in other applications such as telebehavioral health or telepsychiatry. This is mainly because mental health providers and patients rarely find any difference in care delivery and patient satisfaction using telehealth technology as compared with face-to-face mental health interactions. The e-mental health care may improve the quality of the communications between a mental health provider and his or her patients by reducing the stigma that might occur when a patient physically visits the mental health centre.Rising Use of SmartphoneWith continuous development in healthcare sector and rising awareness among the population, the adoption of telehealth solutions has also gained traction. This technology is primarily used for patients in remote areas or who have difficulty in attending medical consultations. The telehealth solution requires specific equipment with dedicated cameras, screens, and computers along with typical infrastructure for its deployment and use. This will result in making the overall telehealth system expensive and rigid.  However, rising penetration and the use of smartphones among the population will allow health care providers to overcome this challenge and thus allow the simplification of telehealth.To know more about the telehealth market and other key solutions in the healthcare IT market, please visit:Healthcare IT Market by Product (EMR, mHealth, PHM, RIS, PACS, RCM, Healthcare Analytics, Telehealth, SCM, HIE), Component (Software, Service), Delivery Mode (Web, Cloud) and End User (Hospital, Payer, Pharmacy, Ambulatory, Homecare) – Global Forecast to 2027https://www.meticulousresearch.com/product/healthcare-it-market-5084/About Meticulous Research®
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details.Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Mr. Khushal Bombe
Meticulous Research®
Direct Lines: +1-646-781-8004 (North America)
+44-203-868-8738 (Europe)
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Email- [email protected]
Visit Our Website: https://www.meticulousresearch.com/
Meticulous Research® Blog: https://meticulousblog.org/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

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Artificial Intelligence

The Channel Company Announces New Chief Revenue Officer Wayne Silverman

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WESTBOROUGH, Mass., April 16, 2024 /PRNewswire/ — The Channel Company, a global provider of news, insights, strategy, events, and marketing services for the information technology industry, announced today that Wayne Silverman has joined the executive team as Chief Revenue Officer. Silverman will lead all aspects of The Channel Company’s worldwide revenue growth initiatives, sales strategy innovation, and customer engagement.

Silverman joins The Channel Company most recently from Spiceworks Ziff Davis (SWZD), where he served as Chief Revenue Officer. He also brings more than 25 years of digital media, technology, SaaS, and big data experience within global roles. Silverman has driven revenue innovation and growth across prominent companies including CBS, Dun & Bradstreet, International Data Group (IDG), CNET, and Business.com where he held senior leadership positions. 
“We are thrilled to welcome Wayne to the team,” said Matthew Yorke, CEO of The Channel Company. “His global expertise within the technology and digital media industries alongside his unwavering dedication to customer experience will continue to elevate how we deliver for our clients and drive expanded opportunities for our organization.”
“It’s a privilege to step into the role of CRO at The Channel Company during such a pivotal period for the company,” Silverman stated. “As we look ahead, the tech sector is poised for a transformation with artificial intelligence taking center stage. The Channel Company, with its esteemed media outlets, signature events, and expert marketing and consulting offerings, will be instrumental for our partners, clients, and the entire tech community. I am eager to collaborate with the talented team here at The Channel Company to deliver innovative, outcome-driven services to our clients as this market evolves.”
About The Channel Company
The Channel Company, Inc. is the global leader in data-driven growth acceleration solutions and services for the IT channel. With 40+ years of channel expertise and a premier portfolio of editorial brands, marketing and event services, and strategic consulting, we help technology vendors, solution providers, and IT decision-makers worldwide unlock better business outcomes. The Channel Company is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. For more information, visit thechannelco.com.   
About EagleTree Capital:
EagleTree Capital is a leading New York-based middle-market private equity firm, with over $5.6 billion of assets under management, that has completed over 40 private equity investments and over 95 add-on transactions over the past 20+ years. EagleTree primarily invests in North America in the following sectors: media and business services, consumer, and water and specialty industrial. For more information, visit www.eagletree.com or find EagleTree on LinkedIn.
Media contact: Corporate Communications, [email protected]
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vLex Launches Vastly Expanded Vincent Legal GenAI Toolset, and AI-Focused Co-Development Lab

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Global Legal Intelligence Innovator Adds Litigation and Transactional GenAI Tools, and vLex Labs, an AI-Focused Co-Development Unit
MIAMI, April 16, 2024 /PRNewswire/ — Today legal intelligence innovator vLex launched a powerful suite of generative AI-backed document analysis tools for litigation and transactional practitioners to the Vincent AI platform. Vincent AI Document Analyze augments lawyers’ responses to legal documents, drawing from the world’s most comprehensive global library of legal information.

In addition, vLex now offers vLex Labs to select Vincent customers – enabling them to create proprietary AI-powered workflows with the help of a dedicated team.
These developments underscore vLex’s commitment to developing innovative legal research solutions that go beyond retrieval to revolutionize how legal professionals work.
“With Vincent AI, you no longer have to choose between innovative technology and comprehensive content,” said vLex CEO Lluís Faus. “Our platform offers a seamless integration of both, setting a new standard in efficiency, customization, and effectiveness across all legal practices.”
Vincent AI Document Analyze
Vincent AI Document Analyze offers customizable GenAI-backed workflows that enable legal professionals to interrogate legal documents and use Vincent’s legal analysis abilities to begin drafting strategic responses. Benefits include:
Rapid Analysis: Vincent summarizes documents, and compares law across jurisdictions, replacing hours of non-billable time in minutes.Rapid Response: Vincent analyzes claims, generates defenses, and anticipates counterarguments.Streamlined Contract Analysis: Vincent instantly carries out tasks such as identifying problematic clauses, and providing mitigation steps.All insights are linked to primary and secondary law materials in vLex’s global repository, enabling verification with one click.
The new document analysis feature can be used with documents from any region. Vincent AI’s research workflows are available to legal professionals in the US, the UK, Ireland, Spain, the EU, Singapore, Mexico, Chile, and Colombia, with New Zealand launching in May 2024.
vLex Labs
vLex also launched vLex Labs – an exclusive in-house service that provides Enterprise customers access to leading experts on legal AI, uniting industry leaders such as Fastcase, Docket Alarm, Justis, and NextChapter.
Leading the team will be Dan Hoadley, who recently joined vLex as Head of R&D. The team will have a global scope, and work with firms to co-develop custom workflows, prepare data, and more.
About vLex
vLex is a global legal intelligence platform that provides legal professionals with access to the most extensive collection of legal and regulatory information worldwide, all on one award-winning, AI-powered, platform. vLex includes the Fastcase, Docket Alarm and NextChapter brands, and is trusted by more than two million lawyers, researchers, government departments, and law schools in more than 200 jurisdictions. The 2023 merger with Fastcase furthered vLex’s commitment to developing AI-driven solutions for the world’s legal industry and delivering the world’s largest global law library of over one billion legal documents on a single platform. Get updates at https://vlex.com/press and on Twitter @vlex. 
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Atomicwork Launches New Digital Workplace Experience Solution Powered by Cohere’s Enterprise AI Platform

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SAN FRANCISCO, April 16, 2024 /PRNewswire/ — Atomicwork, the leading provider of AI-powered IT service management for modern enterprises, has announced the launch of its new digital workplace experience solution in collaboration with Cohere, the leading enterprise AI platform, to help businesses accelerate their workspace productivity and IT support automation.

Atom AI, Atomicwork’s digital assistant, delivers intelligent and contextual solutions to employee support questions to enhance workplace support experience and boost IT teams’ productivity. The solution eliminates the need for end users to switch between different business applications to find information, and enables them to get instant help on modern collaboration tools like Microsoft Teams or Slack, fostering efficient and proactive support.
Key highlights of the launch include:
Advanced AI Automation: Built-in Atom AI skills that autonomously solve end to end IT support issues by understanding end users’ work context, delivering true self-service for employees while accelerating efficiency for IT teams.Enhanced Employee Productivity: Advanced enterprise knowledge and search capabilities across a host of business applications and internal knowledge bases, delivered in the flow of an employee’s work, to help them find the right information quickly, boosting employee productivity and experience.Seamless Enterprise IT Integration: Embedded iPaas in the Atomicwork platform enabling IT teams to seamlessly integrate business applications and internal services to deliver modern enterprise service management use cases while reducing IT integration complexity.Atomicwork’s launch of the digital workspace experience solution is powered by Cohere, and their most advanced and scalable large language model, Command R+. Purpose-built for real-world enterprise use cases, Command R+ along with Cohere’s Rerank model, enables Atomicwork to deliver Atom AI with high accuracy and performance.
Commenting on the launch of a digital workplace experience solution and the collaboration with Cohere, Vijay Rayapati, Atomicwork’s CEO, stated, “We want to empower IT leaders to transform their digital experience journey with our new solution. This strategic collaboration of Atomicwork with Cohere enables us to deliver advanced and secure enterprise AI capabilities for our clients to streamline business workflow automations.”
“We’re excited Atomicwork is using Cohere’s industry-leading Command R model family to power their new digital workplace experience solution. Atomicwork’s software has the potential to significantly boost productivity for enterprise IT teams. We look forward to seeing the real-world benefits leaders like Atomicwork develop with our technology to help transform the global IT sector with AI,” said Abhishek Sinha, VP of Product at Cohere.
“Cohere’s new Command-R+ model delivers state-of-the-art accuracy, while offering a remarkable 50% reduction in latency when compared to more expensive models. This powerful combination of performance and efficiency empowers our AI-first approach to unlock new possibilities and provide exceptional experiences for our customers,” said Kiran Darisi, CTO, Atomicwork.
About Atomicwork
Atomicwork is a digital workplace experience platform that aims to deliver modern service management to enterprises. The platform empowers businesses to deliver fast and scalable internal support for their employees and end users, thereby enhancing employee experience with enterprise efficiency. Seamlessly integrating with existing enterprise applications and internal IT systems, Atomicwork connects employees, internal processes, and business systems, enhancing efficiency in workplace support, service, and operations.
About Cohere
Cohere is the leading AI platform for enterprise. Its world-class AI is uniquely suited to the needs of business, unlocking unprecedented ease-of-use, accessibility, and data privacy. Cohere’s platform is cloud-agnostic, accessible through API as a managed service, and can be deployed on virtual private cloud (VPC) or even on-site to meet companies where their data is, offering the highest levels of flexibility and control. Founded by Google Brain alumni and a co-author of the seminal Transformer research paper, Cohere is on a mission to transform enterprises and their products with AI that unlocks a more intuitive way to generate, search, and summarize information than ever before.
Press contact
Sairam [email protected] 
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