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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Opinion: For healthcare AI to be all that it can be, ‘the user’s needs must come first’

AI will only succeed in healthcare to the extent that it wins over all three stakeholder subpopulations—providers, payers and patients.

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Nuance hands off 2 business units, leans hard into conversational AI

A new company called DeliverHealth Solutions is forming to service clients of Nuance’s HIM transcription and EHR go-live businesses.

Life sciences going all in with AI, with many companies spending upwards of $50M—and counting

The COVID crisis will spur leaders of life sciences companies around the world to focus on longstanding pain points that AI could help alleviate. And the execs are looking to put their money where their responses are.

3 recent notable approvals of medical AI

Along with AI, this ongoing list includes regulatory clearances of virtual and augmented reality, 3D printing and other emerging technologies targeted for healthcare.

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Microsoft finetuning anti-pandemic technologies in a ‘stimulating playground for algorithm development’

A university, health system and tech giant are piloting the use of deep learning with IoT and edge computing to block COVID-19 from infiltrating a 548-bed hospital.

Hopes in AI running high among healthcare executives

Almost twice as many healthcare leaders anticipate a fairly fast return on their AI investment than had that expectation two years ago—59% now vs. 31% then. And only 5% aren’t currently recruiting workers with skills to help make it happen.

Hospitals in the crosshairs of bad actors brandishing ransomware

The cybersecurity arm of the Department of Homeland Security is urging hospitals and other healthcare providers to brace for ransomware attacks during the present surge of COVID-19 cases.

Notable FDA approvals of AI* in medical devices: October 2020

*The list also includes virtual reality, augmented reality and 3D printing. Links lead to announcements as sent by the companies.

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Around the web

Health Exec
These health systems have the biggest digital health portfolios

U.S. health systems are increasingly leveraging digital health to conduct their operations, but how health systems are using digital health in their strategies can vary widely.

Health Exec
Toylike robot pleases counseling clients where humanoid counterpart struggles to connect

When human counselors are unavailable to provide work-based wellness coaching, robots can substitute—as long as the workers are comfortable with emerging technologies and the machines aren’t overly humanlike.

Health Exec
Medsender, Patagonia Health team up to aid public health efforts against COVID-19

A vendor that supplies EHR software to public health agencies is partnering with a health-tech startup in the cloud-communications space to equip state and local governments for managing their response to the COVID-19 crisis.