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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The future of AI will be dictated by just 9 global companies

The future direction of AI research and development will fall into the hands of just nine global companies—three from China and six from the U.S.—Forbes reported April 10.

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Partners HealthCare announces 12-month AI software rollout

Boston-based medical network Partners HealthCare will be rolling out new software and support services over the next 12 months with the goal of involving more physicians and health experts in AI research.

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Google, FitBit, others join CTA’s new initiative on AI in healthcare

More than 30 major companies and organizations including Google, FitBit and the Federation of State Medical Boards announced April 4 they’re joining the Consumer Technology Association’s (CTA) new initiative on AI in healthcare.

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Amazon Alexa is now HIPAA-compliant

Amazon’s virtual assistant is now HIPAA-compliant, the company said April 4 in a blog post announcing the launch of six new Alexa skills designed to help consumers manage their healthcare.

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Google dissolves AI ethics board just 9 days after its creation

Google has dissolved its AI ethics board just a week after it was founded to guide “responsible development of AI” within the company.

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Startup secures $13M to better train deep learning models

Artificial intelligence startup Run:AI secured $13 million in funding this month for its high-tech training solution for deep learning models, the company announced April 3.

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FDA releases framework for reviewing AI-based medical devices

In a first step to develop a set of AI-specific rules and regulations, the FDA released a discussion paper April 3 detailing how it plans to vet and approve AI medical devices without compromising quality or patient safety.

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WHO, ITU establish benchmarking process for AI in medicine

Two United Nations agencies have joined forces to create the Focus Group on Artificial Intelligence for Health (FG-AI4H)—a group of global representatives the UN hopes will help shape a streamlined, transparent process for vetting AI technologies in the healthcare space.

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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.