With many economic hurdles this year including rising costs and inflation, the healthcare industry has had a challenging backdrop in which to operate. In a sector dedicated to improving and saving lives, healthcare has so much to gain by adopting new AI and machine learning (ML) technologies. The World Economic Forum sums up the transformative potential of AI and ML in this setting: from propelling the development of drugs and vaccines to improving medical diagnosis and treatment, it can
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Health IT | News, Analysis, Insights - HIT Consultant
Epic EHR Integrates with DeepScribe’s AI Scribe to Reduce After-Hours Work by 75%
What You Should Know:
DeepScribe, the leading enterprise-grade AI medical scribe, today announced key updates to its integration with Epic Systems' electronic health record (EHR).DeepScribe’s recently launched Customization Studio, which allows users to build custom models to support unique specialty and organizational needs, is now fully integrated with Epic's SmartData elements. This makes DeepScribe the first solution to harmonize an extensive suite of customization options with
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Devastating Drug Shortages and How Hospitals Can Mitigate Them
Modern medicine delivers miracles every day, but there are challenges, too. At any given time, 300 or more drugs bloat the FDA’s shortage list. Many of these medicines, including life-saving cancer drugs, don’t get to the patients who need them.
Drug shortages have a variety of causes, including contamination at pharmaceutical plants, major storms, supply chain issues, or runs on important vaccines. The Wall Street Journal blames downward pressure on drug prices.
Shortages of vital
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From Chaos to Calm: How ER Scheduling Could Help Fix Emergency Care Challenges
Staffing shortages and rising costs leave ERs in chaos and even force some hospitals to shut down money-losing emergency departments altogether. Chaotic or closed emergency rooms not only cost lives but cut off a pipeline of new patients that provide income for hospitals and jobs for specialist physicians.
The main driver behind ER chaos and expense is a nationwide shortage of trained doctors and nurses. A single nurse often has to care for ten or more patients in the ED simultaneously,
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Commons Clinic Launches $100M Center to Disaggregate MSK Care from Hospitals
What You Should Know:
- Commons Clinic, a leading value-based physician group transforming musculoskeletal (MSK) care, today announced the launch of the Center for Spine Economics, Outcomes & Research (SEOR).
- This landmark initiative marks a $100M commitment over the next decade to revolutionize ambulatory spine care delivery, paving the way for more effective, affordable, and patient-centered treatment.
Spine Care in Crisis
Millions of Americans suffer from chronic back pain,
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Innovaccer Launches AI Assistant to Reduce Clinical Burden
What You Should Know:
- Innovaccer, a healthcare data platform, unveils Sara Scribe, an AI assistant poised to revolutionize healthcare documentation.
- Sara Scribe, also known as InScribe, transcends the limitations of standard dictation software. This innovative tool uses advanced AI to not only transcribe doctor-patient conversations in real-time but also analyze them and deliver actionable insights, streamlining workflows and freeing up valuable clinician time.
Beyond Transcription:
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Hospitals Show Signs of Recovery, But Growth Strategies Crucial for 2024 Success
What You Should Know:
- A glimmer of hope shines through for hospitals, according to November data from Kaufman Hall's National Hospital Flash Report points to ongoing stabilization and even growth.
- While the scars of the pandemic and economic challenges remain, key indicators suggest gradual recovery, with operating margins edging up and revenue streams climbing.
Margins on the Rise, Though Gap Between Performers Persists
The median calendar year-to-date operating margin index for
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Impact Advisors Acquires First Quadrant Advisory to Expand Payer Expertise
What You Should Know:
- Impact Advisors, a leading healthcare management consulting firm, announced today the acquisition of First Quadrant Advisory, a renowned specialist in strategy and operations consulting for the healthcare payer market.
- This strategic acquisition strengthens Impact Advisors' commitment to delivering comprehensive, value-driven solutions for both payer and provider organizations, and further propels its mission to improve the business and delivery of
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Mayo Clinic, Techcyte Partner to Create AI-Powered Pathology Platform
What You Should Know:
- Mayo Clinic Platformv and Techcyte have joined forces to revolutionize the field of pathology by creating a digital pathology platform. This platform aims to pioneer the next generation of pathology services through an open, AI-driven solution, enhancing treatment, efficiency, and accuracy globally.
- By enabling healthcare organizations to economically digitize their pathology practices, the platform integrates innovative technical and AI workflow
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Quest Diagnostics & Ultima Team Up to Tackle MRD & Whole Genome Sequencing
What You Should Know:
Ultima Genomics, a developer of a revolutionary new ultra-high throughput sequencing architecture, and Quest Diagnostics, the nation’s leading provider of diagnostic information services, today announced a collaboration involving Ultima’s next generation sequencing (NGS) technology in oncology and other clinical areas.
Expanding Horizons in Cost-Effective Whole Genome Sequencing
The collaboration aims to enhance patient access, affordability, and
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