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.

FDA approved implantable device opens doors for technology within the body

Nucleus 7, a device from Apple and Cochlear, a hearing assistance company, is a surgically implanted sound processor connected to the iPhone to improve the quality of life for impaired patients.

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Annual IT costs as high as $19,000 per doctor for some practices

In 2016, physician-owned practices spent between $2,000 and $4,000 more on IT expenses per full-time-equivalent (FTE) physician, according to Medical Group Management Association’s (MGMA) annual DataDive Cost and Revenue Survey.

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IBM, University of Alberta develop AI capable of predicting schizophrenia

Researchers at IBM and the University of Alberta have developed artificial intelligence (AI) algorithms capable of predicting schizophrenia with 74 percent accuracy.

Competition for pediatric medical devices offers $50,000 in prizes

The National Capital Consortium for Pediatric Device Innovation (NCC-PDI) has announced a competition to develop new technology for pediatric care. The competition will award up to six prizes of $50,000 for innovative medical devices.

Roxwood Medical Announces Agreement with Abbott for Distribution of Products in U.S.

Roxwood Medical Inc., a leading provider of advanced cardiovascular specialty catheters, today announced it has entered into an exclusive agreement with Abbott for distribution of Roxwood products in the United States.

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10 steps to improving patient care with technology

Technology has become integral to providing high quality care, yet many healthcare organizations struggle with utilizing their technology in the most effective way. A recent list created by SCI Solutions, providers of patient care management technology, featured 10 checkpoints of success to help organizations improve care.

The future of healthcare is the future of AI

Artificial intelligence (AI) will play a central part in the future of healthcare technology, according to a recent report from Kleiner Perkins Caufield & Byers, a venture capital firm. With the digital revolution approaching, the survey team aimed to identify what healthcare AI will look like in the near future.

Hal Wolf announced as new CEO, president of HIMSS

Hal Wolf, previous director with the Chartis Group, has been announced as the new CEO at HIMSS. Wolf replaces Stephen Lieber who held the position for 17 years.

Around the web

The American College of Cardiology has sent a letter to HHS Secretary Robert F. Kennedy Jr. that outlines some of the organization’s central priorities and concerns. 

One product is being pulled from the market, and the other is receiving updated instructions for use.

If the Trump administration continues taking a laissez-faire stance toward AI—including AI used in healthcare—why not let the states go it alone on regulating the technology?