The collaboration is part of the Cleveland Innovation District, a more than $500 million public-private partnership for advancing medical research.

The new AI effort will initially focus on three key areas, including accelerating the development of robust imaging algorithms, leaders said at RSNA 2023. 

It may hold that applying established people/process/technology principles can help hospitals move AI from experimental research settings to regulated clinical practice.

Under terms of the deal, lender Stonepeak will swap some $470 million in debt for ownership in the reorganized business.

Michael Bruno, MD, vice chair for quality and patient safety at the Penn State Milton S. Hershey Medical Center, discusses two hot topics at RSNA 2023. 

Interventional cardiologist David Kandzari, MD, performed the procedure just days after the device received full FDA approval. 

"This practice has been adopted by multiple organ-procurement organizations and is used on thousands of organ donors each year, without ever having been rigorously studied," one researcher said. 

The deal could also include additional clinical and regulatory milestone payments in the years ahead.

A week later, the 30-hospital, six-state system is still working to assess the intrusion and repair any damage.

The COVID-19 pandemic shaved 2.4 years off U.S. life expectancy, and the population has yet to fully recover from the setback.