Maverick Medical AI has raised $700,000 U.S. (613,000 euros) from The Time, an Israeli technology incubator in the field of artificial intelligence (AI), together with the Israel Innovation Authority.
The funding will help the company develop medical AI software to identify chronic disease in elderly populations based on text-based analysis of medical reports. It will also use the funds for partnering with U.S. healthcare providers and insurers.
Maverick AI is developing an AI software system based on natural language processing (NLP) and machine learning to identify clinical risk factors out of medical reports such as specialist and hospitalization reports. The risk factors include chronic diseases that may not be fully documented in the elderly patient's medical record due to the excess of information available to the attending physician and may, therefore, be overlooked.
The Maverick AI system assists physicians, healthcare providers, and insurers in identifying these risk factors, ensuring better medical care for patients and reducing medical care costs by preventing complications.
