Daily Newsletter

27 November 2023

Daily Newsletter

27 November 2023

HOPPR introduces new foundation model for medical imaging

The company is intending to expand its use of AWS services.

RanjithKumar Dharma November 27 2023

Health2047 portfolio company HOPPR has introduced the multimodal foundation model, Grace, for medical imaging.

Powered by Amazon Web Services (AWS), the new solution is available through private beta to AI companies, developers, and radiology PACS for fine-tuning and application development.

HOPPR built its foundation model specifically on AWS using Amazon SageMaker.

The company intends to expand its use of AWS services, including AWS HealthImaging and Amazon Bedrock, for tasks such as data storage, inferencing, and model development.

Claimed to be the first-of-its-kind B2B foundation model, Grace facilitates text-to-image and image-to-image learning across all medical imaging modalities, including echocardiograms, MRIs, CTs, and X-rays.

The new model, which is available through an API service, allows application developers to rapidly develop AI solutions to help physicians, technicians, and support staff engage interactively with medical images.

A company can utilise its own data to enhance the model securely. This improved model can be utilised in applications that enable users to interact with medical imaging studies, providing information about findings, suggested surgical interventions, and alternative imaging views and treatment protocols.

The model can also be used for non-clinical use cases, including billing and coding review, workflow, and QA, serving as a one-API shop for all the data required for the imaging sector.

Grace has been developed by using over a petabyte of permission-based, anonymised medical imaging study results.

HOPPR CEO Dr Khan Siddiqui said: “We are thrilled to launch the beta HOPPR foundation model to trusted PACS vendors and developers to fine-tune models and provide feedback to prepare us for commercial expansion in Q1 [first quarter] of 2024.

“Grace represents a game-changing advance for HOPPR and the broader medical imaging space, which stands to benefit enormously from the transformative potential of AI to improve the efficiency and quality of clinical care.”

The aging population is a captive market for medical devices

The rising number of older individuals globally is accompanied by increasing health concerns, presenting unique demand for the medical device industry. With rising pressure on governments, payers, and manufacturers to reduce healthcare costs, innovative medical technologies have tremendous potential to improve elder care. Advancements in medical device technology have resulted in a significant increase in the number of conditions that can be managed in a home care setting. To capitalize on this strong demand and growth, manufacturers are increasingly producing consumer-targeted equipment.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close