AI's Role in Healthcare Is No Longer Optional—It's Becoming the Infrastructure Itself
Issued on behalf of Avant Technologies Inc.
VANCOUVER – Baystreet.ca News Commentary – Increased usage of AI in healthcare is predicted to not only save lives, but money too. However, the rollout of this industry-changing tech isn’t going to happen overnight. The use of AI in healthcare is being pushed by the World Economic Forum (WEF) to provide in its words, a “healthier, more equitable world.” A recent study published in Nature introduced a new “AI Affinity Score” designed to measure how comfortable patients are with artificial intelligence in their healthcare journey. The researchers found that factors like education and geographic region play a major role in shaping patient attitudes—and that the score could be used to tailor AI-driven tools in a way that improves both outcomes and satisfaction. With the global AI healthcare market projected to exceed $110 billion by 2030, companies such as Avant Technologies, Inc. (OTCQB: AVAI), HEALWELL AI Inc. (TSX: AIDX) (OTCQX: HWAIF), Waystar Holding Corp. (NASDAQ: WAY), Astrana Health, Inc. (NASDAQ: ASTH), and Caris Life Sciences, Inc. (NASDAQ: CAI).
AI could inject an additional $461 billion into the healthcare sector by 2035, according to Accenture, as it races past the $2.26 trillion mark. This shift isn’t just about diagnostics or robotics—it’s about rewiring the entire healthcare ecosystem from the inside out, and multiple companies are positioning themselves to capitalize on the shift.
Avant Technologies, Inc. (OTCQB: AVAI) and joint-venture partner Ainnova Tech reached a pivotal regulatory milestone in their pursuit of AI-driven healthcare disruption—completing a key pre-submission meeting with the U.S. Food and Drug Administration (FDA) for their flagship diagnostic platform, Vision AI, the companies’ flagship diagnostic platform for diabetic retinopathy and other retinal diseases.
“We’re truly excited about this next phase,” said Vinicio Vargas, CEO at Ainnova and a member of the Board of Directors of Ai-nova Acquisition Corp. (AAC), the company formed by the partnership between Avant and Ainnova to advance and commercialize Ainnova’s technology portfolio. “We’re getting ready to begin data collection across primary care clinics in the U.S. with a study that is simple, yet rigorous—comparing our AI-based retinal screening to the readings of three retinologists.
The July 15 meeting marked a critical step toward securing 510(k) clearance for Vision AI, which screens for diabetic retinopathy using artificial intelligence and retinal imaging. The session provided Ainnova and its clinical trial partner, Fortrea, with detailed guidance from the FDA, including feedback on study design, number of participating clinics, retinologist involvement, and trial execution strategy. With this roadmap in place, the team can now finalize its U.S. trial plan and begin preparing for formal data collection—bringing Vision AI closer to commercialization in the world’s largest healthcare market.
“This milestone not only brings us closer to validating our platform in the world’s largest healthcare market, but it also paves the way for the upcoming approval of our new automated retinal camera,” added Vargas. “We believe will [it] be a game changer—making diabetic retinal screenings faster, more accessible, and available from virtually any point of care.”
The FDA development comes just as Avant and Ainnova officially launch a first-of-its-kind chronic care model across Latin America, focused on preventive screening for patients with diabetes and other systemic conditions. The initiative—now live through pilot programs with Grupo Dökka’s Fischel and La Bomba pharmacy chains—offers free, walk-in retinal risk assessments at local pharmacies. It’s a bold attempt to break down long-standing access barriers by bypassing the need for specialist appointments altogether.
Instead, patients receive real-time results through Ainnova’s AI platform, with those flagged as “at risk” referred seamlessly into a growing network of clinics and specialists. The model has already gained traction among pharmacies, insurers, and pharmaceutical partners—demonstrating a rare alignment of incentives across the healthcare ecosystem.
Over 30% of diabetics develop diabetic retinopathy, a condition that’s treatable when caught early, but which remains the leading cause of preventable blindness worldwide. The Vision AI system enables earlier, lower-cost intervention by offering high-accuracy screenings without requiring an ophthalmologist on site.
The U.S. FDA clearance pathway and the Latin American commercial rollout are advancing in parallel, with Avant playing a key strategic role. Through Ai-nova Acquisition Corp., the company co-founded and structured, Avant holds global licensing rights to Ainnova’s platform and stands to benefit from the full spectrum of commercial activity. The Latin America pilot programs—already live and expanding—are expected to deliver measurable near-term revenue, while U.S. approval would unlock a massive new addressable market.
Meanwhile, Avant is also preparing a new standalone venture that would house a potential therapeutic candidate for diabetes. The goal is to consolidate leadership, data, and IP under one unified structure—eliminating holding company inefficiencies and streamlining execution across diagnostics and treatment.
Beyond diabetic retinopathy, Ainnova’s roadmap includes a cloud-connected retinal camera designed for rural or low-resource clinics, as well as future modules that may detect early signs of Alzheimer’s, cardiovascular disease, and other chronic conditions through retinal or blood biomarker analysis. Vision AI could become not just a diagnostic tool, but a frontline system for early detection across multiple diseases.
The companies continue to explore structural simplification as well. A previously announced non-binding LOI remains active for Avant to acquire 100% of Ainnova Tech—bringing all IP, leadership, and commercial rights under one public umbrella. That move would offer investors direct exposure to the entire tech stack and revenue funnel, while further integrating operations between the two firms.
CONTINUED… Read this and more news for Avant Technologies Inc. https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
HEALWELL AI Inc. (TSX: AIDX) (OTCQX: HWAIF) has formally entered the U.S. healthcare market by integrating its AI-enabled tools with Orion Health’s trusted data infrastructure. The move provides immediate access to eight states through Orion’s long-standing relationships with health systems, payers, and public-sector clients.
"Orion has had a material presence in the USA for over two decades," said Brad Porter, Chief Commercial Officer at HEALWELL. "We now have a unique opportunity to accelerate value for our customers by combining Orion's trusted platform with HEALWELL's next-generation AI capabilities. The robust clinical validation and data lineage features differentiates these tools in the market and ultimately reduces friction with regards to clinical adoption."
HEALWELL will now offer a combined platform focused on preventative care, AI-powered clinical decision support, and value-based outcomes.
Waystar Holding Corp. (NASDAQ: WAY) recently released new research showing that artificial intelligence has become mission-critical to healthcare payment systems, with 82% of healthcare leaders now relying on AI for revenue cycle operations.
"This research reinforces what we're seeing across the industry. AI is no longer theoretical and is fundamentally reshaping how providers operate," said Matt Hawkins, CEO of Waystar. "As healthcare organizations navigate growing complexity, the study shows they're relying on proven and trusted RCM software providers to deploy AI."
The Forrester-conducted study found that AI is driving 13–37% improvements in key areas like claim accuracy, denial prevention, and payment speed. As confidence in AI grows, healthcare providers are increasingly turning to trusted RCM software partners like Waystar to deliver measurable ROI.
Astrana Health, Inc. (NASDAQ: ASTH) has completed its $708 million acquisition of Prospect Health, expanding its value-based care network to over 600,000 members across four states. The deal is expected to contribute $1.2 billion in annual revenue and $81 million in adjusted EBITDA on a full-year basis, while unlocking up to $15 million in synergies.
"We are excited to welcome Prospect Health's physicians, providers, and team members to Astrana Health," said Brandon Sim, President and CEO of Astrana. "Together, we will further accelerate our mission to drive consistent, coordinated, high-quality patient outcomes at scale, ultimately driving greater value across the healthcare ecosystem."
Astrana also updated its 2025 guidance to reflect the half-year contribution, projecting total revenue of $3.1–$3.3 billion.
Caris Life Sciences, Inc. (NASDAQ: CAI) has published a new study in Scientific Reports validating its Caris Assure® blood-based assay as a powerful tool for early cancer detection, recurrence monitoring, and therapy selection.
"We designed Caris Assure® to be more than a liquid biopsy test," said David Spetzler, MS, PhD, MBA, President of Caris. “This assay takes advantage of advanced sequencing and computing technology to capture genetic information available from the whole exome and whole transcriptome from the tumor material circulating in the blood and DNA from the patient's white blood cells. This enables us to provide a very comprehensive individualized picture of a patient's specific disease state. This is the first time so much molecular information has been available from a single blood test, allowing for increased accuracy and additional insights to inform physicians in helping to make cancer care decisions."
The AI-enabled platform achieved sensitivity rates up to 95.7% for multi-cancer early detection with 99.6% specificity, and showed strong predictive value for minimal residual disease and recurrence. Caris is now pursuing reimbursement and regulatory pathways to expand the clinical utility of this single-platform solution.
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