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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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.

Montana ranked best place to be a doctor in US

Montana offers the most favorable work environment for physicians in 2019, according to a new report from WalletHub that ranked all 50 states and the District of Columbia on 18 different metrics.

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Harvard, MIT researchers warn of adversarial attacks in AI

Hacker accessibility and the potential for security breaches weigh heavily on the development of successful AI systems, but a more pressing threat might lie with healthcare regulators like insurance providers and billing companies, the New York Times reported of a Science study March 21.

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.”