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.

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.

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New Duke center to support big data, machine learning in healthcare

The Duke University Pratt School of Engineering in Durham, North Carolina, has announced the launch of the Sherry and John Woo Center for Big Data and Precision Health. The center will support machine learning and data research projects and opportunities for Duke faculty and students globally.

NIPS slip: AI’s biggest conference has a name problem

There’s an ongoing debate about changing the name of AI’s most prominent conference that some say contribute to the field’s diversity issues and inspires sexual jokes, according to a report by Wired.

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.”