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The Rand Corporation is reporting that, in 2022, employers and private insurers paid hospitals an average 254% more than what Medicare would have spent for the same services in the same facilities.
Four of five hospital leaders trust the accuracy of their institution’s data. Yet almost half of useable data gets underutilized if not completely untapped for guiding business and clinical decisions.
Medicare’s Hospital Insurance (HI) Trust Fund has the wherewithal to pay the full bill for beneficiaries’ stays in hospitals, hospice sites and skilled nursing facilities for the next 12 years. But what then?
Half a year after President Biden officially directed federal agencies in the executive branch’s bailiwick to “seize the promise and manage the risks” of AI, the White House has posted a status report.
The inclination to organize and sound off for better working conditions and more patient-centric job descriptions continues to spread among healthcare workers.
During the height of the COVID-19 crisis, around 1 in 5 nonphysician healthcare workers quit their jobs. That was then and this is now. (Plus: Hospital quotes of the week)
Training AI for use in healthcare requires feeding algorithms patient data, and lots of it. This opens data custodians—typically hospitals—to various points of potential legal exposure.
The agency is urging healthcare providers to transition away from these devices and seek out alternatives. It is even working with other manufacturers to try and get similar products on the market as quickly as possible.