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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Several healthcare startups named as finalists for IBM Watson's AI competition

Thirty teams are advancing in IBM Watson’s international AI competition, with healthcare startups making up more than half of the top 10 finalists.

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RSNA 2018: Challenges and benefits of using AI in radiologists' workflows

One size does not fit all when it comes to adopting AI into radiologists' workflows. That’s the message Penn Medicine physician William W. Boonn, MD, encouraged radiologists, developers and vendors to remember while speaking during the annual RSNA meeting in Chicago.

Amazon announces new HIPAA eligible machine-learning service

Amazon Web Services (AWS) is continuing its push into the healthcare industry after unveiling its latest HIPAA eligible machine-learning service.

AI healthcare IT market expected to cross $1.7B in 2019

The market for AI healthcare IT applications is expected to cross $1.7 billion by the end of next year, according to a report by Forbes.

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Healthcare orgs investing big in AI, expect positive returns

Healthcare executives and organizations are extremely confident AI will be the solution to several problems within the industry. They're so confident, in fact, organizations are expected to invest an average of $32.4 million each in AI over the next five years, according to a recent survey of healthcare executives.

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Can AI make doctors obsolete? Yes and no

In a head-to-head commentary piece recently published in The BMJ, three researchers argued if AI's impact could eventually cause physicians to become obsolete.

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Harvard: AI may help solve healthcare's red-tape problem

Artificial intelligence may help stop the “downward spiral in productivity” in the healthcare system that has been plagued by labor-intensive, inefficient administrative tasks, according to an article in the Harvard Business Review.

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Perspective: Ethical challenges must be addressed with machine learning

Before healthcare providers go all-in with machine learning, the technology needs to align with safety and ethical standards, according to a recent perspective published in PLOS Medicine.

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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