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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Researchers are trying to make AI a force for good

A team of researchers from New York University are dedicating work to ensure that AI remains a force for good as the technology becomes more prevalent across many industries––including healthcare.

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Healthcare AI’s slow progress from concept to clinic: an ‘inconvenient truth’

Few healthcare AI models introduced in the medical literature during the present AI research boom can be used in actual patient care.

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Google AI founder placed on leave

A co-founder of Google’s AI business DeepMind has been placed on leave following controversy over some of his projects, Bloomberg reported.

 

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When Google’s DeepMind bleeds money, should all AI stakeholders worry?

DeepMind Technologies Ltd., the Google/Alphabet-owned elephant in the AI research room, has lost more than $1 billion over the past three years. And it owes another billion to creditors who’ll be looking for their money back, with interest, over the next year or so.

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High-tech ‘mission control center’ helps hospital system run like NASA

An eight-hospital health system in the Pacific Northwest has set up an AI-based “mission control center” to manage patient capacity, bed availability, hospital transfers and patients’ health status.

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Consumers more likely to embrace AI in commerce than healthcare

Only 51% of consumers feel optimistic or safe when it comes to AI infiltrating the healthcare space in the form of helping providers in diagnostic decision making and care management, according to a recent survey from Blumberg Capital.

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IBM’s ‘Dr. Watson’ may have been misguided from the start

If IBM’s Watson goes down as an early failure of AI in healthcare, the fumble may be recorded as an unforced error made by humans who were determined to position the company as the first serious player on the field.  

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AI emerging as healthcare leaders’ top toolset for reducing risk

Healthcare leaders working for provider organizations and medical societies see AI as the best emerging technology for reducing risk. Meanwhile they see online media as the riskiest technology.

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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