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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Execs rank AI, digital health as top priorities for 2019

The majority of technology vendors––75 percent––believe advanced analytics and AI will be among the top areas of focus for healthcare companies in 2019, according to a survey by Damo Consulting.

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AI in healthcare alliance launches, announces officers

The Alliance for Artificial Intelligence in Healthcare (AAIH) has officially launched after the board of directors held the organization’s inaugural meeting Jan. 9 in San Francisco.

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VC funding in digital health reaches $9.5B in 2018

It was a record-breaking year for global venture capital (VC) funding in digital health, with more than $9.5 billion raised in 698 deals for 2018, according to a report by Mercom Capital Group. The previous record was set last year, with $7.2 billion raised in 778 deals.

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Healthcare spending on wearables to reach $60B by 2023

Healthcare spending on wearables is expected to reach $60 billion by 2023 as the technology becomes more popular within the medical industry, according to a recent report by Juniper Research.

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Change Healthcare, Health Fidelity partner on AI solution for risk adjustment coding

Change Healthcare and Health Fidelity are partnering to offer a risk adjustment coding solution that uses natural language processing (NLP) and machine learning to increase claim accuracy and address compliance issues, the companies announced Monday, Jan. 14.

Ping An Global Voyager Fund invests in Airdoc

Ping An Insurance Company of China’s corporate venture fund is investing in AI medical solution company Airdoc, the company announced on Saturday, Jan. 12.

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Despite AI readiness, Middle East lags in adoption

Two-thirds of public citizens in the Middle East are ready to embrace AI in healthcare, while only 10 percent of businesses in the region are ready or have begun adopting the technology, according to a new report by PwC Middle East.

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Medical marketing in US approached $30B in 2016

Medical marketing in the United States reached $29.9 billion in 2016, up from $17.7 billion in 1997, according to a new analysis published in JAMA.

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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