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.

Software developer that offers conversational AI acquired for $1B

Minnesota-based multinational conglomerate 3M has acquired speech recognition software developer M*Modal for $1 billion, according to a report by the Pittsburgh Post-Gazette. M*Modal provides healthcare technology and conversational AI-powered systems for transcribing doctors’ verbal notes.

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5 challenges deep learning faces in medicine

Though the use of deep-learning techniques has the potential to change several areas of medicine, the technology faces numerous challenges before it can be applied more broadly, according to a viewpoint article published in JAMA Internal Medicine.

AI, big data to have biggest impact on pharma in 2019

AI and big data to have the “greatest technology impact” in the pharmaceutical industry in 2019, according to a recent report by GlobalData.

How AI can improve EHR systems

Finding an electronic health record (EHR) system that works perfectly with a healthcare network’s preferred care delivery process is like finding a needle in a haystack. However, AI offers a solution to improve EHRs and make them more user-friendly for clinicians, according to the Harvard Business Review.

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MaxQ AI, EnvoyAI announce distribution agreement

The MaxQ AI Intracranial Hemorrhage (ICH) platform will now be available through the EnvoyAI Exchange marketplace following a new distribution agreement between the two companies.

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AMA: Industry must level the playing field to unlock potential of AI

Before the true potential of new technologies like AI can be realized, the healthcare industry must first address health disparities and implicit bias many patients face, American Medical Association (AMA) President-Elect Patrice A. Harris, MD, said in a recent viewpoint article.

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Most experts hopeful AI will have positive effect on humans

By 2030, a majority of experts believe humans will be better off because of AI and related technology systems, with many expressing optimism about the future of healthcare, according to a report by Pew Research Center.

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Report: United States needs a national AI strategy

The United States could fall behind in the AI revolution if the country does not adopt a national strategy, according to a report by the Center for Data Innovation.

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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