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 finding a foothold in healthcare marketing

While much of the attention paid to AI in healthcare has focused on applications to improve care and the administration thereof, industry players have quietly begun tapping the technology to boost sales of their healthcare wares.

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Wearables market to hit $54B in 2023

The wearable technology market reached $23 billion in 2018 and is projected to more than double to $54 billion by 2023, according to a new report from GlobalData.

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Infosys teams up with Univ. of Illinois in precision medicine play

Digital services and consulting company Infosys has teamed up with the University of Illinois Urbana-Champaign (UIUC) have formed a partnership to develop new technologies and systems in precision medicine.

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Researchers are trying to make AI a force for good

A team of researchers from New York University are dedicating work to ensure that AI remains a force for good as the technology becomes more prevalent across many industries––including healthcare.

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Healthcare AI’s slow progress from concept to clinic: an ‘inconvenient truth’

Few healthcare AI models introduced in the medical literature during the present AI research boom can be used in actual patient care.

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Google AI founder placed on leave

A co-founder of Google’s AI business DeepMind has been placed on leave following controversy over some of his projects, Bloomberg reported.

 

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When Google’s DeepMind bleeds money, should all AI stakeholders worry?

DeepMind Technologies Ltd., the Google/Alphabet-owned elephant in the AI research room, has lost more than $1 billion over the past three years. And it owes another billion to creditors who’ll be looking for their money back, with interest, over the next year or so.

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High-tech ‘mission control center’ helps hospital system run like NASA

An eight-hospital health system in the Pacific Northwest has set up an AI-based “mission control center” to manage patient capacity, bed availability, hospital transfers and patients’ health status.

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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.