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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Amazon Alexa is now HIPAA-compliant

Amazon’s virtual assistant is now HIPAA-compliant, the company said April 4 in a blog post announcing the launch of six new Alexa skills designed to help consumers manage their healthcare.

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Google dissolves AI ethics board just 9 days after its creation

Google has dissolved its AI ethics board just a week after it was founded to guide “responsible development of AI” within the company.

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Startup secures $13M to better train deep learning models

Artificial intelligence startup Run:AI secured $13 million in funding this month for its high-tech training solution for deep learning models, the company announced April 3.

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What role should physicians play in healthcare’s move toward price transparency?

The federal mandate that went into effect Jan. 1 requiring hospitals to post prices of their services online isn’t doing much good, according to the authors of an opinion piece published in the Annals of Internal Medicine.

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FDA releases framework for reviewing AI-based medical devices

In a first step to develop a set of AI-specific rules and regulations, the FDA released a discussion paper April 3 detailing how it plans to vet and approve AI medical devices without compromising quality or patient safety.

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WHO, ITU establish benchmarking process for AI in medicine

Two United Nations agencies have joined forces to create the Focus Group on Artificial Intelligence for Health (FG-AI4H)—a group of global representatives the UN hopes will help shape a streamlined, transparent process for vetting AI technologies in the healthcare space.

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CMS launches $1.65M AI challenge

CMS has launched an AI challenge that’s incentivizing innovators to develop solutions for a range of administrative challenges, like predicting unplanned hospital admissions and adverse events, the agency announced March 27.

Invistics leverages machine learning to track hospital drug theft

Healthcare company Invistics debuted its newest software March 21—a system that’s more than 90 percent effective in detecting missing drugs from a hospital’s supply.

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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