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.

Prolonged non-face-to-face service: How cardiologists leave money on the table

Prolonged non-face-to-face time, something providers have long considered a part of the job, has only been reimbursable through CMS since 2018. Practices still in the dark about the change are missing a revenue opportunity.

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AI-powered radiology worklist receives CE mark

Zebra Medical Vision (Zebra-Med), an Israel-based deep learning imaging analytics company, announced it was granted CE certification for two of its AI-based products intended to speed up clinical review and diagnosis. One is for pneumothorax in chest x-rays and the other helps radiologists detect brain bleeds in CT scans.

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Radiologist files class-action lawsuit against American Board of Radiology alleging antitrust violations

A radiologist in Tennessee has filed a federal class action lawsuit against the American Board of Radiology (ABR) that alleges the ABR is in violation of antitrust laws.

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UK government introduces AI ‘code of conduct’

The U.K. Department of Health and Social Care recently issued a new code of conduct for AI systems in an effort to ensure that only the topmost and safest AI-based systems are used by the National Health Service (NHS). 

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AI could add $15.7T to global economy by 2030

Though the use of AI is still in early stages, its wide-reaching potential is expected to be felt by all industries in the near future. The technology is expected to contribute up to $15.7 trillion to the global economy by 2030, according to a PwC global AI study.

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AI not a substitute for patient-physician relationship

AI continues to make strides in medicine, with an expected market size in excess of $13 billion by 2025. But physicians and medical school deans at the Imagine Solutions Conference in Naples, Florida, stressed there is no substitute for the patient-physician relationship. 

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AI startup focused on breast cancer screening raises $6M

Niramai Health Analytix, an India-based AI startup, announced that it has closed a $6 million Series A round of funding.

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GE Healthcare IPO likely on hold following $21.4B deal with Danaher

General Electric (GE) may be halting its plan for an initial public offering (IPO) of its healthcare sector in 2019, GE Chairman and CEO Larry Culp told CNBC on Feb. 25. The announcement came after the company made a deal to sell its biopharma business to Danaher for $21.4 billion.