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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Report: Understanding AI in healthcare essential to stop fake news

It is well known that AI has the potential to upend several areas of medicine, including targeted treatment and diagnostics. However, a lack of knowledge about AI in the healthcare space could have a negative effect, through the spread of misinformation––and fake news.

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Health companies launch FDA-approved blockchain pilot

A pilot that aims to study the use of blockchain-enabled data technology to track and verify specialty prescription drugs has been approved by the FDA.

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AI-enabled Ablacon raises $21.5M in funding round

Ablacon, a Colorado-based company leveraging AI to develop an advanced mapping system to aid in the treatment of atrial fibrillation, has raised $21.5 million in a Series A funding round, the company announced.

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The future of AI will be dictated by just 9 global companies

The future direction of AI research and development will fall into the hands of just nine global companies—three from China and six from the U.S.—Forbes reported April 10.

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Partners HealthCare announces 12-month AI software rollout

Boston-based medical network Partners HealthCare will be rolling out new software and support services over the next 12 months with the goal of involving more physicians and health experts in AI research.

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Google, FitBit, others join CTA’s new initiative on AI in healthcare

More than 30 major companies and organizations including Google, FitBit and the Federation of State Medical Boards announced April 4 they’re joining the Consumer Technology Association’s (CTA) new initiative on AI in healthcare.

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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.

Around the web

Compensation for heart specialists continues to climb. What does this say about cardiology as a whole? Could private equity's rising influence bring about change? We spoke to MedAxiom CEO Jerry Blackwell, MD, MBA, a veteran cardiologist himself, to learn more.

The American College of Cardiology has shared its perspective on new CMS payment policies, highlighting revenue concerns while providing key details for cardiologists and other cardiology professionals. 

As debate simmers over how best to regulate AI, experts continue to offer guidance on where to start, how to proceed and what to emphasize. A new resource models its recommendations on what its authors call the “SETO Loop.”