Economics

This channel highlights factors that impact hospital and healthcare economics and revenue. This includes news on healthcare policies, reimbursement, marketing, business plans, mergers and acquisitions, supply chain, salaries, staffing, and the implementation of a cost-effective environment for patients and providers.

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How to avoid malpractice suits stemming from AI utilization—or lack thereof

Physicians who reject an AI-based recommendation of established care guidelines in order to provide more personalized medicine are at heightened risk of being sued for malpractice should the patient be harmed.

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Erstwhile Google exec expects biology to accelerate AI—or vice versa

If the present time represents the advent of the AI Age, it also marks a golden age for biology. And the two will soon hungrily feed off one another, driving the next big thing in supercomputing.

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Northwell Health building EHR system

Northwell Health, a New York-based nonprofit health system, is building its own electronic health records system and leveraging AI to do it, Axios reported.

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Novartis enlists Microsoft to speed AI implementation

In a move closely partnering big pharma with big tech, Novartis and Microsoft have jointly announced a strategic alliance.

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Survey finds human-resources leaders turning to AI in force

Leaders of HR departments are looking to AI for help improving the employee experience. As part of the effort, some 59% are considering or already adding virtual employee assistants like chatbots.

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AHA lays out 7 ways AI will change the healthcare workforce

If the researchers behind a new report on AI in healthcare are right, the technology could cut nonclinical workers’ workload by 40% while also slashing clinical tasks by 33%.

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China still not leading in AI innovation despite $6B+ in startup funding

Contrary to popular perceptions, while much leading-edge innovation involving AI is coming out of China, the advances emanating from the Middle Kingdom are limited to just a few platform technologies and market segments.

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Machine learning company raises $22M to detect cancer sooner

Kheiron Medical Technologies, a London-based machine learning startup focused on helping radiologists detect cancer at an early stage, has raised $22 million in a Series A funding round.

Around the web

Updated compensation data includes good news for multiple subspecialties. The new report also examines private equity's impact on employment models and how much male cardiologists earn compared to females.

When drugs are on the FDA’s shortage list, outsourcing facilities can produce their own compounded versions. When the FDA removed tirzepatide from that list with no warning, it created a considerable amount of chaos both behind the scenes and in pharmacies all over the country. 

If passed, this bill would help clinician-led clinical registries explore Medicare data for research purposes. The Society of Thoracic Surgeons and American College of Cardiology both shared public support for the bipartisan legislation. 

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