Latest news with #ChristopherRand
CNBC
25-05-2025
- Business
- CNBC
How much cash you should keep in your wallet, according to money experts
Even as more Americans tap, swipe or scan to pay, most still carry at least a little cash — and financial planners say that's a good idea. Americans keep $67 in their wallet, on average, according to a recent Federal Reserve survey on how people use their money. While cash remains widely carried, usage has been slipping: in 2024, 83% of consumers said they used it at least once in the past 30 days — down from 87% in 2023, according to the Federal Reserve. Still, financial planners tell CNBC Make It that it's worth keeping some on hand — particularly for situations when digital payments fall short. Whether it's a power outage, a dead phone, a vendor with a card minimum or just the need to get home, cash can bridge the gap. The amount of cash you should have on hand depends on your routine, says Christopher Rand, a certified financial planner in San Diego. He recommends keeping enough to handle a typical expense if something goes wrong — whether that's gas, food, parking or a tip — but not so much that you'd lose sleep if it went missing. "Generally, $50 to $100," he says. Melissa Caro, a CFP in New York, carries a similar amount — usually $60 to $80, depending on her plans. "If I know I'll need it — say for tipping, parking, or certain small businesses — I'll add a bit more to my wallet," she says. "A good gut check is: If I lost my phone and needed a cab home, would I be covered? That's my 'panic point.'" Other planners emphasize the value of cash when tech fails altogether. Leslie Beck, a CFP in New Jersey, recommends keeping at least $50 in your wallet for outages and emergencies. "When Hurricane Sandy hit the NYC area, ATMs were out, internet was down in many areas, and cash was king," she says. Some people only start carrying cash after a mishap. Brett Anderson, a CFP in Minnesota, says he used to carry less than $5 — until his credit card was declined due to suspected fraud. "It's truly inconvenient and embarrassing, depending on who you're with," he says. As a "financial advisor, your real friends will never let you forget if your credit card gets declined, and they take financial advice from you, I'm just saying." He now keeps a couple hundred dollars on hand as a backup. You probably don't need a lot of cash, and certainly shouldn't carry more than you'd be upset to lose or have stolen. "Having large amounts of cash in your wallet makes you more susceptible to losing the funds." says Tipiwa Walker, a CFP based in California. Unlike cards, "cash simply does not have the protections that credit cards do." But having about $50 can be a smart backup for tips, low-dollar purchases or tech hiccups — even if you rarely use it, financial pros say. Carrying cash isn't about "replacing digital tools, but having just enough cash to handle those moments when tech fails or feels like overkill," says Caro.,
Business Wire
29-04-2025
- Health
- Business Wire
AngelEye Health Unveils AIVision: Elevating Neonatal and Pediatric Care through AI and Computer Vision
NASHVILLE, Tenn.--(BUSINESS WIRE)-- AngelEye Health proudly announces AIVision, a groundbreaking enhancement of its platform that integrates artificial intelligence (AI) and computer vision into the neonatal intensive care unit (NICU) and pediatric unit setting. By embedding advanced algorithms into bedside cameras, AIVision aims to deliver proactive, data-driven insights that empower clinical teams and improve care delivery. AIVision represents a significant step forward in AngelEye's mission to transform pediatric inpatient units of today into an intelligent, connected environment optimized for care, efficiency, and family empowerment. 'Over the past year, we've moved from vision to execution,' said Christopher Rand, CEO of AngelEye Health. 'With AIVision, we have been actively conducting clinical research and developing AI models designed to integrate into our bedside cameras, transforming these cameras from passive viewing tools into intelligent clinical assets. This innovation positions AngelEye as a pioneer in AI-powered pediatric care.' AIVision: From Concept to Reality AngelEye has begun testing its motion analysis algorithms integrated within its existing camera infrastructure, laying the foundation for a suite of screening and decision-support applications. A key catalyst for this effort was the strategic acquisition of the Early Detection Neuromotor Assessment (EDNA) platform in 2024, enabling the training of video models that will assist in identifying neuromotor risk factors, supporting earlier interventions— (pending appropriate regulatory clearance). At Synova's NICU Leadership Forum, CEO Christopher Rand presented several additional areas under active development within AIVision, including: Video EEG Synchronization – Pairing video with EEG data to enrich clinical interpretation Respiratory Status Monitoring – AI-powered analysis of camera and sensor data to detect early signs of respiratory distress, apnea events, and subtle desaturations, supporting timely intervention and escalation of care Crash/Coding Event Recording – Supporting clinical training and quality improvement initiatives AI-Assisted Pain and Sedation Insights – Supporting clinical evaluation of neonatal pain, agitation, and sedation Emerging Concepts – Including skin integrity monitoring, tube dislodgement detection, digital bedrails, and general movement and positioning indices While many of these technologies are still under research and development and may require FDA clearance before clinical deployment, they represent the company's broader vision and investment in a connected, intelligent NICU environment of the future, providing a richer understanding of pediatric health patterns over time. With nearly 10,000 bedside cameras deployed across 300+ hospitals, AngelEye has a unique infrastructure, allowing for swift development and efficient deployment of its AI models. This reach ensures AIVision can evolve through real-world scenarios, delivering value at scale. Empowering the Pediatric Units of Tomorrow The applicability of AI extends beyond AIVision on the CameraSystem as ambient intelligence is applied to the entire AngelEye Platform including both MilkTracker and NICU2Home. 'By connecting our CameraSystem, feeding management software, and discharge coordination tools through a unified intelligence layer, we're building the most comprehensive neonatal and pediatric AI platform in the industry,' said Patrick Tinsley, PhD, AngelEye's Manager of Medical Technology. 'We're not just capturing moments—we're interpreting them for action.' Planned AI functionalities include: Personalized care planning, education, and journey mapping Identification of risk factors for patients and families AI-assisted documentation to automate documentation and workflows Predictive analytics for nutrition and discharge optimization Automated alerts for environmental and clinical risks Clinical Collaboration and Strategic Partnerships AngelEye is already working alongside several talented partners to make the vision of the intelligent pediatric unit a reality. AngelEye Health is actively engaged in a research and data collection project with Nationwide Children's Hospital, layering machine learning over longitudinal patient data, multimodal sensor data, including video, all within the clinical pediatric setting. Additionally, AngelEye has entered a strategic partnership with NeuroBell, a novel neonatal EEG technology company, to enhance bedside neurological monitoring with synchronized video. 'Leveraging AngelEye's installed base and strong hospital partnerships will allow us to rapidly deploy our critically important neonatal EEG monitor into the market, complete with integrated video capabilities,' said Mark O'Sullivan, CEO of NeuroBell. 'Together, we are enabling a new standard of neurodiagnostics in the NICU.' Looking Ahead AngelEye Health invites researchers, clinicians, and health systems to collaborate on next-generation tools and studies that will validate and expand the clinical utility of AI in pediatric units. These partnerships are key to ensuring ethical, evidence-based deployment of machine learning. If you are interested in accelerating the pediatric unit of the future together, please reach out to research@ About AngelEye Health AngelEye Health is the leading provider of innovative technology solutions dedicated to transforming neonatal and pediatric care. Trusted by over 300 hospitals globally, AngelEye equips care teams with AI-driven tools designed to streamline workflows, reduce length of stay, minimize errors, and optimize resource allocation. Its comprehensive suite, including CameraSystem for family engagement, MilkTracker for precise feeding management, NICU2Home for efficient discharge planning, and EDNA for proactive risk identification, supports care teams and families at every step of the NICU journey. With a commitment to continuous innovation, AngelEye Health is shaping the NICU of the future, empowering families, enhancing clinical efficiency, and delivering measurable improvements in patient outcomes. To learn more, visit
