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.

Health Catalyst secures $100M to expand machine learning solutions

Utah-based healthcare big data company Health Catalyst announced it has closed $100 million in Series F equity and debt funding. Financing will support the expansion of Health Catalyst’s technology and services offering for healthcare information. 

AI health tech company raises $3.1 million

Medicus AI GmbH, a Dubai-based technology company that uses AI to make health data more understandable, has raised about $3.1 million in a Series A funding round, according to information available on Crunchbase.

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Better CVD prevention spurred spending dip for Medicare patients

Spending growth per Medicare beneficiary has slowed considerably since 2005, and 56 percent of that decline can be linked to reduced spending on cardiovascular disease and related risk factors, researchers reported Feb. 4 in Health Affairs.

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3 ways to prepare for the AI takeover in healthcare

As healthcare continues to shift toward automation and AI, a new report from the Brookings Metropolitan Policy Program suggests a need for changes in both education and workplace culture for individuals to cope with the transition. 

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UN predicts surge of AI-based products

The United Nations (UN) is predicting several industries will see a wave of AI-based products and apps in the near future, after its latest report revealed more than 340,000 AI-related patent applications have been filed since the technology emerged in the 1950s.

M*Modal’s AI platform recognized for 'impact on healthcare'

M*Modal announced its conversational AI platform earned distinction for “delivering the broadest clinical, financial and operational impact on healthcare organizations” as part of the Best in KLAS: Software and Services report.

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GE now plans on selling nearly 50% of healthcare unit

General Electric (GE) has changed its original strategy and will now aim to sell nearly half of its healthcare unit, GE Healthcare, according to GE CEO Larry Culp.

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Meditech, Nuance to provide AI-powered virtual assistants

Nuance Communications and Meditech have announced a partnership to provide AI-powered virtual assistants to ease clinician workflows.

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.”