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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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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Enlitic raises $15M in Series B financing

Enlitic, a San Francisco-based healthcare company focused on the use of AI in medical imaging, announced Thursday, April 4, that it has closed a $15 million Series B financing round.

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How continued consolidation is affecting radiology practices in the US

Consolidation has led to larger group sizes and fewer groups that focus on a single specialty, according to a new study published in the Journal of the American College of Radiology.

Express Scripts, Cigna announce $25 cap on patients’ monthly insulin costs

Diabetics enrolled in certain drug benefits plans through Cigna and Express Scripts could see their out-of-pocket costs for insulin capped at $25 per month, according to an April 3 announcement. But one diabetes advocate called the move "a stopgap at best" and said it doesn't address the larger issue of sky-high list prices.

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What role should physicians play in healthcare’s move toward price transparency?

The federal mandate that went into effect Jan. 1 requiring hospitals to post prices of their services online isn’t doing much good, according to the authors of an opinion piece published in the Annals of Internal Medicine.

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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.