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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Australia invests $375M for 50 MRI licenses

The Liberal National Government of Australia announced it is providing $375 million for 50 new MRI licenses at Medicare-eligible locations across the country, according to a recent release from the office of Greg Hunt, Australia’s Minister for Health.

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UN predicts surge of AI-based products

The United Nations (UN) is predicting several industries will see a wave of AI-based products and apps in the near future, after its latest report revealed more than 340,000 AI-related patent applications have been filed since the technology emerged in the 1950s.

M*Modal’s AI platform recognized for 'impact on healthcare'

M*Modal announced its conversational AI platform earned distinction for “delivering the broadest clinical, financial and operational impact on healthcare organizations” as part of the Best in KLAS: Software and Services report.

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GE now plans on selling nearly 50% of healthcare unit

General Electric (GE) has changed its original strategy and will now aim to sell nearly half of its healthcare unit, GE Healthcare, according to GE CEO Larry Culp.

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State-run website helps patients, insurers save big on imaging exams

Patients and insurers have both saved significant money on medical imaging procedures thanks to a state-run website in New Hampshire, according to a researcher from the University of Michigan (UM) in Ann Arbor.  

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Global digital pathology market forecasted to reach $600M by 2022

The world market for digital pathology is expected to rise to $600 million by 2022, according to a new report from Signify Research. But it will have to overcome some strong obstacles first.

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E-cigs outperform other nicotine replacement options for smoking cessation

Amid the FDA’s crackdown on the e-cigarette industry due to rising rates of teen vaping, a new randomized trial revealed e-cigs are effective for their original purpose: The devices were almost twice as successful as other nicotine replacement therapies, like patches and gums, in helping people stop smoking.

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Meditech, Nuance to provide AI-powered virtual assistants

Nuance Communications and Meditech have announced a partnership to provide AI-powered virtual assistants to ease clinician workflows.