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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CMS extends AI healthcare outcomes challenge judging period due to high interest

After receiving “overwhelming interest” in a recent AI in healthcare challenge, CMS extended is judging period, the agency announced August 1.

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‘Emotional AI’ helps plastic surgeons give service lines a facelift

Plastic surgeons can apply “emotional AI” algorithms to social media as a way of predicting which specific services will bring in business, according to a study running in the August edition of Plastic and Reconstructive Surgery.

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Blockchain could be the great cost, time saver in healthcare

Healthcare organizations and providers are facing more pressures than ever, from regulatory strains to financial squeezes. Blockchain is one area that can act as a major time and cost saver for healthcare organizations, according to a recent report from JPMorgan Chase.

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Precision medicine alliance launches

Siemens Healthineers and the University of Missouri System have teamed up to launch a new initiative to transform healthcare delivery with precision medicine with its Alliance for Precision Health. The alliance will focus on cancer, Alzheimer’s disease, cardiovascular disease and more.

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Tech investors award AI startups that are reinventing work

Over the last six years, Dell Technologies Capital has plunked down more than $600 million to invest in startups focused on accelerating the “reinventing work” evolution. Microsoft’s M12 venture fund has shown similar enthusiasm.

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3 keys to patient-physician trust in the age of AI

Often lost in discussions about AI’s unfolding impact on healthcare is its uncertain effect on patient-physician relationships. The authors of an opinion piece published July 15 in JAMA take up a key question underlying this lack.

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3 great minds agree: AI is changing everything

Three distinguished thinkers who think a lot on the future are asking some big questions about AI.

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AHA: The consequences of a null ACA would be ‘profound and immediate’

The Affordable Care Act is back in court this week after a Texas judge ruled the law unconstitutional in late 2018, prompting the American Heart Association and other major societies to issue a joint statement supporting the ACA and its protections for patients with pre-existing conditions.

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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