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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CMS launches $1.65M AI challenge

CMS has launched an AI challenge that’s incentivizing innovators to develop solutions for a range of administrative challenges, like predicting unplanned hospital admissions and adverse events, the agency announced March 27.

Invistics leverages machine learning to track hospital drug theft

Healthcare company Invistics debuted its newest software March 21—a system that’s more than 90 percent effective in detecting missing drugs from a hospital’s supply.

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Harvard, MIT researchers warn of adversarial attacks in AI

Hacker accessibility and the potential for security breaches weigh heavily on the development of successful AI systems, but a more pressing threat might lie with healthcare regulators like insurance providers and billing companies, the New York Times reported of a Science study March 21.

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Change Healthcare files for $100M IPO

The Nashville region’s largest health-tech company, Change Healthcare, filed for a $100 million IPO March 15 in preparation for going public, according to the Nashville Business Journal.

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Anthem, Stanford found AI for Health Affiliation program

Anthem Blue Cross is collaborating with Stanford to launch the AI for Health Affiliation program, a corporate affiliates program within the Stanford Department of Computer Sciences that will fund research on how AI can improve the efficiency and value of Anthem Blue Cross and its health plans.

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Nvidia expanding into data center space with Mellanox purchase plans

NVIDIA this week announced plans to buy chipmaker and its collaboration partner Mellanox Technologies for $6.9 billion. The move by the graphics chip giant seeks to help it push into the growing market for data center components by adding to chips that help speed the flow of information across servers.

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AI in medicine market projected to exceed $18B by 2025

A report released by Portland-based firm Big Market Research on March 6 projects the artificial intelligence in medicine market will grow to $18.12 billion by 2025, advancing at a compound annual growth rate (CAGR) of 49.6 percent.

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40% of European AI startups don’t actually use AI

Forty percent of so-called AI startups in Europe don’t actually use AI programs in their products, the Financial Times reported March 4.

Around the web

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.

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.

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.