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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Dental company with machine learning focus raises $11M

A Los Angeles-based startup, GumGum, has raised $11 million in financing and spun out a new healthcare startup focused on the dental industry, according to TechCrunch.

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AI needs more diversity to avoid data bias

AI has the potential to disrupt the healthcare industry and improve healthcare outcomes of patients through faster diagnosis and more accurate, targeted treatment. But how AI algorithms are trained needs some improvement, according to Naga Rayapati, founder and CEO/CTO at online marketplace GoGetter, which penned an article for Forbes.

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From Concept to Clearance: Why It’s So Expensive to Develop New CV Drugs

Earning approval to use a new cardiovascular drug in the clinical setting can cost 100+ times the average of bringing other medications to market.  

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MSU Health Care, Advanced Radiology Services announce new joint venture

MSU Health Care and Grand Rapids, Michigan-based Advanced Radiology Services (ARS) have announced a joint venture that will provide imaging services to the McLaren Greater Lansing health system.

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Touchstone Medical Imaging to pay $3M federal fine following cybersecurity breach

Touchstone Medical Imaging has agreed to pay a $3 million fine to the Office for Civil Rights (OCR) to settle potential Health Insurance Portability and Accountability (HIPAA) rule violations stemming from a large breach exposing patient health information.

 

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The ACR’s 4 legislative priorities for Capitol Hill Advocacy Day

On May 22, more than 400 American College of Radiology (ACR) members will speak with their elected federal representatives to discuss four legislative priorities as part of Capitol Hill Advocacy Day at the 2019 ACR Annual Meeting.

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Report: Understanding AI in healthcare essential to stop fake news

It is well known that AI has the potential to upend several areas of medicine, including targeted treatment and diagnostics. However, a lack of knowledge about AI in the healthcare space could have a negative effect, through the spread of misinformation––and fake news.

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Unnecessary procedures cost Kentucky cardiologist $1M, 5 years in prison

A former Kentucky cardiologist received five years of prison time May 2 after allegedly performing numerous unnecessary heart procedures as part of a healthcare fraud scheme.