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If physicians caring for Medicare fee-for-service patients were all high-value physicians, the federal program could cut healthcare costs by a whopping $286.8 billion from 2020 to 2029, according to UnitedHealth Group. For 2020 alone, Medicare could save more than $20 billion if all physicians were considered high value.

In another sign of its trek into the healthcare space, Amazon has opened a virtual care clinic for its Seattle-based employees, with in-home or in-office follow-ups.

scan of prostate

Aiming to develop and market AI algorithms for diagnosing prostate cancer on MRI scans, IBM Watson Health is working with Guerbet, a France-based maker of contrast agents used in medical imaging.

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A meta-analysis of 14 studies has shown AI algorithms correctly diagnose diseases in medical imaging around 87% of the time while ruling out specific diseases with 93% accuracy.

Machine learning can read cardiac MRIs with the same accuracy as a physician, with much higher speed, according to a recent study published in Circulation: Cardiovascular Imaging and reported by Cardiovascular Business.

With healthcare being in high demand, some professionals in the field are earning top dollar, according to a recent ranking from Glassdoor. In fact, healthcare jobs were among the highest-paying jobs in 2019, with physicians earning a median base salary of $193,415.

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The approval, made as part of a special FDA pilot program, took just 50 days.