02:53 PM EDT, 07/10/2024 (MT Newswires) -- WELL Health Technologies Corp. ( WHTCF ) on Wednesday announced the approval and advancement of a "groundbreaking" $44 million project, which will receive $15.3 million in funding from DIGITAL to support investments in R&D and commercialization from other partners for phase 2 of the Health Compass project, known as Health Compass II.

According to a statement, this funding represents the largest project DIGITAL, Canada's Global Innovation Cluster for digital technologies, has awarded to date in any funding category, "marking a significant milestone in the commitment and advancement of AI and interoperability in healthcare".

Health Compass II is a collaborative effort with WELL Health ( WHTCF ), ORX, HEALWELL AI (AIDX.TO), Tali AI, Phelix, and Simon Fraser University contributing. Health Compass II aims to "further revolutionize the healthcare industry by enhancing interoperability and leveraging AI to reduce healthcare provider burdens".

Wednesday's statement noted: "Building on the success of the initial Health Compass phase, Health Compass II will introduce an innovative suite of four AI-driven modules integrated through an EMR-agnostic mobile app, designed to engage patients, automate administrative tasks, assist healthcare providers with documentation, and enhance clinical decision-making."

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