EHR implementation leader joins forces with leading innovator of privacy-preserving collaboration platform to accelerate real-world impact of clinical decision support systems (CDSS)RightAI was designed to enable life sciences companies to accelerate the development and deployment of CDSS to enable the right treatment for the right patient at the right time to improve outcomesNordic and BeeKeeperAI aim to enable hospitals, health systems, and academic medical centers to more efficiently test, deploy, and monitor clinical decision support at the point of care

MADISON, Wis., Oct. 17, 2024 /PRNewswire/ — Nordic®, a global health and technology consulting company, and BeeKeeperAI®, Inc. a pioneer in privacy-enhancing, multi-party collaboration software for real-world AI development and deployment, announced today a strategic partnership to bring to market a new real-world, end-to-end RightAI™ solution that is aimed at connecting biopharmaceutical and medical technology companies, healthcare delivery organizations, and physicians in the development, validation, and deployment of AI and machine learning-based CDSS tools that support clinical workflows within electronic health record (EHR) systems. The partnership intends for RightAI to assist physicians with optimizing patient outcomes through the use of native CDSS tools within the EHR and support efforts to identify patients who are optimal candidates for clinical trials.

Precise decision-making at the point of care can be difficult given a variety of factors, such as a patient’s unique clinical characteristics, chronic conditions, and the complexities of biological and disease factors. The development of a new standard of care resulting from the collaboration between biopharmaceutical and medical technology companies and healthcare systems can enable new personalized care programs, provide novel therapies, and meet patients’ goals for better health. RightAI seeks to offer solutions that enable clinicians to identify these optimal treatment plans for the right patient at the right time. Leveraging the power of data at the point of care from this collaboration can transform care delivery.

“By embracing AI in healthcare, we are transforming how care is delivered and setting a new standard for patient-centered, personalized, and efficient care,” said Nordic Chief Medical Officer Craig Joseph, MD. “Our partnership with BeeKeeperAI and the integration of RightAI into the EHR allows us to introduce AI models that create real-world impact and drive better patient outcomes.”

Along with the potential both to unlock data insights and enable more precise therapeutic decisions by clinicians, RightAI also intends to accelerate time-to-market for AI developers building CDSSs and other machine learning solutions for healthcare. Biopharmaceutical and medical technology companies offering therapies for complex diseases can leverage RightAI to assist with the development of CDSSs based on real-world data and quickly achieve real-world impacts.

“Together with Nordic, BeeKeeperAI’s privacy enhancing platform can address the last mile of AI/machine learning-based CDSS: real-world deployment and ongoing monitoring for performance drift. The ability to develop and deploy solutions in real-world settings enhances and accelerates the impact of CDSS,” said Michael Blum, MD, co-founder and chief executive officer at BeeKeeperAI. “Instead of taking years to achieve impact, RightAI will enable CDSS to impact patient outcomes in a matter of months from the start of development to impact. This acceleration will enable life-changing therapies to reach patients more quickly, fulfilling the promise of healthcare AI.”

Dr. Joseph added, “Following the guiding principles of clinical decision support, RightAI brings the right information to the right provider in the right format through the right channels at the right time to help clinicians improve the precision of their treatment decisions for their patients.”

The partnership continues Nordic and BeeKeeperAI’s leadership in the healthcare AI space. Nordic is a comprehensive delivery partner of BeeKeeperAI’s EscrowAI™, a privacy-enhancing collaboration platform for trustworthy and responsible AI that enables data controllers to maintain control and protect the privacy of their real-world patient data and developers to responsibly develop and deploy AI into the EHR and clinical workflows.

About Nordic Consulting
Nordic is a global health and technology consulting company that partners with health leaders worldwide to create healthier systems, organizations, and people. Our team of 3,300+ professionals bring decades of experience in strategic advisory, digital and cloud initiatives, implementation and support, ERP services, and managed services. The Nordic global team, including its Canadian arm Healthtech, support more than 700 clients in their efforts to harness the power of technology. Learn more at NordicGlobal.com. 

About BeeKeeperAI
BeeKeeperAI is a pioneer in privacy-enhancing technologies, leveraging Trusted Execution Environments with confidential computing for the development and deployment of AI in healthcare and other regulated data industries. BeeKeeperAI is accelerating the broader availability of AI-powered solutions that will help to redefine the future of healthcare and commerce. Learn more at BeeKeeperAI.com.   

Disclaimer:
Certain information herein contains forward-looking statements, and undue reliance should not be placed on them. Although forward-looking statements contained in this Press Release are based upon reasonable assumptions by management of both companies, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ from those anticipated in such statements.

Media Contact: 
Melissa Prusher, Nordic 
globalmarketing@nordicglobal.com  

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SOURCE Nordic Consulting

Data unification provider hosts industry leadership to encourage peer-to-peer dialogues on wealth management as a growth opportunity

NASHVILLE, Tenn., Oct. 17, 2024 /PRNewswire/ — Wealth Access, a leading technology provider in wealth data, offering unified insights to help banks unlock growth, boost deposits, and enhance digital banking services, today announced insights from its annual 2024 Wealth Access Summit. The Nashville event, attended by Executives of the nation’s largest regional and super-regional banks, included high-asset organizations totaling $2.3 trillion in bank assets and $1.3 trillion in wealth management.

The Wealth Access Summit gathers financial industry leaders focused on driving growth and innovation in banking and wealth management. This event brings together executives from regional banks and wealth management firms to engage in peer discussions on critical topics shaping the industry’s future. Participants gain valuable insights about how technology is driving their growth agendas, exploring strategies for achieving revenue goals and examining approaches to improve client engagement and loyalty.

The Summit focused on the untapped potential of wealth management to diversify and stabilize bank revenue streams. High interest rates, shrinking net interest margins (NIM) and tightening regulations are prompting banks to seek alternative revenue sources, positioning wealth management as a critical growth opportunity. Discussions at the 2024 Summit focused on how banks can leverage unified data insights to capitalize on the wealth management opportunity and ultimately generate recurring fee revenue, support sustainable growth, capture market share and drive competitive transformation.

“Insights shared at this year’s Summit underscore a critical reality: wealth management represents the largest untapped market within banks today,” said David Benskin, founder and CEO of Wealth Access. “Our candid discussions highlighted how the consistent, recurring fee revenue from wealth management offers banks an unmatched opportunity for stable and predictable growth. As we look towards 2025, it’s clear that institutions using technology to maximize their wealth management offerings are best positioned to unlock greater revenue potential. We were excited to once again join industry leaders from the nation’s most innovative banks to engage in these vital conversations on driving enterprise success.”

Several institutions noted how their organizations were shifting their culture to be more in line with a One Bank mentality, versus treating Wealth as a siloed business unit. In addition to conversations around culture, another major theme of the Summit was understanding the power of data to create segmentation and hyper-target cross-sell audiences based on the wealth data that customers get from Wealth Access or alternative Business Intelligence tools.

The Summit concluded with a Build Your Blueprint session where attendees created a plan to continue their conversations internally by documenting their alignment needs, obstacles, data requirements, and goals for success. The company is offering Build Your Blueprint sessions from their website to those interested in learning more about the Summit findings and creating a strategic plan.

Last week, Wealth Access announced its new offering to support executives, like those gathered at the Wealth Access Executive Summit, in their strategic initiatives to drive significant revenue growth through wealth. This, along with more information on Build Your Blueprint can be found at www.wealthaccess.com.

About Wealth Access 
Wealth Access is the leading wealth data insights platform, pioneering the transformation of wealth management in banking. By intelligently unifying records across multiple systems, Wealth Access creates living balance sheets that enable service teams to see each client’s complete financial story, work across business lines to improve customer loyalty and drive higher revenue. As a result of its innovative enterprise-class solutions, Wealth Access today supports a variety of clients from RIAs, trust companies, brokers, regional and national banks. 

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SOURCE Wealth Access

SAN FRANCISCO, Oct. 17, 2024 /PRNewswire/ — LF Charities, Inc. (LF Charities) today announced that Project Jupyter, an open source project creating software and standards that are widely used by millions for interactive computing, data science, and research, is now hosted by LF Charities. This move is set to bolster Project Jupyter’s sustainability, governance, and ability to grow its ecosystem, ensuring that its collaborative open source approach continues to thrive.

Jupyter software and standards, including the ubiquitous and category-defining Jupyter Notebook, have become essential tools across industries. They enable data scientists, researchers, educators, and enterprises to create and share interactive notebooks, and to build new applications centered on the interactive exploration of data, supporting collaboration with both humans and AI. Evolving from the IPython project, and growing in NumFOCUS, the transition to LF Charities marks a new chapter in the project’s history, offering enhanced support, governance, and long-term vision for Project Jupyter’s development.

“Project Jupyter has become a cornerstone in the data science, AI, and research communities, enabling interactive computing for users around the world,” said Jim Zemlin, executive director, the Linux Foundation. “We look forward to supporting the Project Jupyter community and enabling the project’s long term sustainable growth. We also would like to thank NumFOCUS, Inc. for their prior support of the project.” 

“Project Jupyter has always been about collaboration, openness, and providing tools that support interactive computing at scale. Joining LF Charities represents an important milestone that will allow us to grow our impact and further our mission,” said Fernando Pérez, Jupyter Executive Council Member. “This move enables us to strengthen our governance model and secure the project’s future for generations of scientists, educators, and innovators.”

With its new home at LF Charities, Project Jupyter will continue to thrive as an open, community-driven platform. The transition will ensure the project’s stability, allowing it to respond more effectively to the growing demands of its users and contributors.

Project Jupyter welcomes companies using Jupyter in any capacity, research groups, government agencies, educators and individual contributors to get involved and participate. Additionally, organizations supporting Project Jupyter are working with the Linux Foundation to launch the Jupyter Foundation to further provide resources for the project’s strategy and direction. To learn more about Project Jupyter, its mission, community and initiatives, please visit www.jupyter.org. For information on joining the Jupyter Foundation as a member, please see https://jupyterfoundation.org.

About LF Charities

LF Charities empowers people and communities worldwide to engage in the creation and development of open source technology. This includes enabling a wide range of technical collaboration, including open source software, standards, hardware, and data. It is the goal of LF Charities to enable development of open technology which is shared freely across the world to tackle societal challenges and bridge inequalities. LF Charities is committed to fostering a public commons for open source technology—a commons that propels the advancement of society at large. With this charitable mission, LF Charities supports the Linux Foundation ecosystem. For more information please visit https://lf-charities.org/.

Media Contact

Jill Lovato

jlovato@linuxfoundation.org 

The Linux Foundation

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SOURCE The Linux Foundation