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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AI could add $14T to global economy—but work still remains

As more businesses begin to implement state-of-the-art technologies, one industry expert is predicting AI will boost the global economy by $14 trillion by the year 2035.

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Now hiring? Healthcare execs say AI will lead to more job opportunities

The continued evolution of AI will lead to more job opportunities in the healthcare industry, according to new survey of high-ranking executives. Investments in AI and the implementation of AI-focused strategies are both also on the rise.  

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Almost half of healthcare consumers ready to embrace medical AI

Some 46% of Americans are open to the idea of their physicians using AI to help make diagnoses.

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How to avoid malpractice suits stemming from AI utilization—or lack thereof

Physicians who reject an AI-based recommendation of established care guidelines in order to provide more personalized medicine are at heightened risk of being sued for malpractice should the patient be harmed.

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Erstwhile Google exec expects biology to accelerate AI—or vice versa

If the present time represents the advent of the AI Age, it also marks a golden age for biology. And the two will soon hungrily feed off one another, driving the next big thing in supercomputing.

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Northwell Health building EHR system

Northwell Health, a New York-based nonprofit health system, is building its own electronic health records system and leveraging AI to do it, Axios reported.

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Novartis enlists Microsoft to speed AI implementation

In a move closely partnering big pharma with big tech, Novartis and Microsoft have jointly announced a strategic alliance.

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Survey finds human-resources leaders turning to AI in force

Leaders of HR departments are looking to AI for help improving the employee experience. As part of the effort, some 59% are considering or already adding virtual employee assistants like chatbots.

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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.