Among the working group members are companies such as AT&T, Doctor on Demand, Fitbit, Google, IBM, Osso VR, Philips, Samsung, Validic and Verizon.
The goal of the challenge is to unleash innovative solutions as CMS continues to move the healthcare system towards value.
The OWKIN Loop Network is comprised of 44 hospitals and research institutions across the US and Europe, including Cleveland Clinic and Mount Sinai.
It is a work of the researchers at the University of California at Berkeley's Radiology & Biomedical Imaging Department and the Big Data in Radiology group.
The two companies are working with the Parkinson's Center of Excellence at King's College Hospital in London to develop a software that can detect signs of Parkinson's within minutes.
The two companies showcased how ambient clinical documentation can make AI-powered virtual assistant capabilities widely available through Epic apps.
The partnership will focus on analyzing patterns from around 700,000 historical, de-personalized health records to develop machine learning algorithms.
It aims to change the way consumers, genetic counselors, and scientists interact with genetic data and how they engage with genetic testing providers.
The company says this is the first open platform for developers, data scientists and radiologists for development and adoption of AI for medical imaging.
Dragon Medical Virtual Assistant aims to enhance interactions between clinicians and patients, improving patient experience and reducing physician burnout.