Every year, hospitals across the United States, regardless of their size or type, face significant financial losses amounting to hundreds of billions of dollars due to uncompensated care. This staggering figure does not even consider the additional losses incurred by hospitals as a result of underpayments from government-funded healthcare programs such as Medicare and Medicaid.
As healthcare organizations grapple with rising costs, eroding financial margins, ongoing labor shortages, and
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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant
Mayo Clinic Receives $20M Gift to Propel AI and Cancer Research
What You Should Know:
- Mayo Clinic has announced a generous $20M gift from Dwight and Dian Diercks that will significantly advance key elements of Mayo Clinic's vision, including the Mayo Clinic Platform and the application of artificial intelligence (AI) for early cancer detection and intervention.
- In recognition of this support, Mayo Clinic will establish the Dwight and Dian Diercks President, Mayo Clinic Platform, and create the Heidi Diercks Krause Fund in AI Innovation
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Arcadia Acquires CareJourney to Enable High-Performing Networks
What You Should Know:
- Arcadia has acquired CareJourney®, a leading provider of clinically relevant healthcare data and AI-powered insights.
- The deal strengthens Arcadia's position as a trusted partner for leading healthcare brands like Southwestern Health Resources, Tandigm, Castell, Rush Health, and Beth Israel Lahey Health.
- With the acquisition, Arcadia's customer portfolio grows to nearly 200, encompassing providers, payers, government agencies, and life
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Philips Expands Cloud-Based Imaging with IntelliSpace Radiology on AWS
What You Should Know:
- Philips, a leader in health technology, announced today a significant advancement for its IntelliSpace Radiology platform. Existing customers in North America will now have the option to transition to a cloud-based version hosted on Amazon Web Services (AWS).
- This strategic expansion positions Philips at the forefront of cloud-based healthcare solutions, offering improved efficiency, enhanced security, and powerful AI integration.
Benefits of
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Fighting Rectal Cancer with AI: Researchers Secure $2.78M Grant
What You Should Know:
- A glimmer of hope emerged today for rectal cancer patients as a collaborative effort between Case Western Reserve University (CWRU), Cleveland Clinic, and University Hospitals (UH) received a $2.78 million grant over five years from the National Institutes of Health and National Cancer Institute. This grant will fuel research leveraging artificial intelligence (AI) to personalize treatment for rectal cancer patients.
- The new research effort signifies a
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American College of Radiology Launches Medical Practice AI Quality Assurance Program
What You Should Know:
- The American College of Radiology (ACR) has taken a groundbreaking step towards ensuring the safe and effective use of artificial intelligence (AI) in radiology practices. They've launched the ACR Recognized Center for Healthcare-AI (ARCH-AI), the first national quality assurance program of its kind.
- The program is built on best practices established by experts in the field. It outlines a clear framework for implementing AI in real-world radiology settings,
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AWS Invests $10M to Fight Childhood Diseases with GenAI & Cloud Innovation
What You Should Know:
- Amazon Web Services (AWS) announced a significant $10M commitment to propel research for pediatric healthcare and unlock a deeper understanding of rare childhood diseases.
- The initiative targets a critical gap in resources and aims to empower researchers to develop more effective treatments for vulnerable young patients.
A Mother's Story Fuels the Fight
Nicole Giroux's daughter Lila's journey with inoperable brain cancer at just 15 months old
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PicnicHealth Unveils Universal Patient Record with GenAI
What You Should Know:
- PicnicHealth, a company focused on empowering health and research through patient data, announced PicnicAI, a technology platform unlocking the long-awaited Universal Patient Record.
- The innovative platform leverages the power of artificial intelligence (AI) to collect and interpret medical records from across the United States, transforming them into valuable insights for both patients and researchers.
PicnicAI: Powering Personalized Care and
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CHAI Releases Draft Responsible Health AI Framework
What You Should Know:
- Today the Coalition for Health AI (CHAI) released a draft framework for responsible health AI with an invitation for public review and comment.
- The framework, consisting of an Assurance Standards Guide, provides considerations to ensure standards are met in the deployment of AI in healthcare. This draft
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Glass Half-Full: How Practically Applied Generative AI Will Enhance Healthcare Operations
The year 2023 marked a milestone for generative AI, bringing unprecedented attention to the immense potential of AI technologies across industries. As a physician who also leads a team of data scientists, I'm thrilled to see this broader market awareness – but it’s important to recognize that AI has been quietly advancing healthcare for decades.
In fact, AI was first applied in the field of biomedical research as early as the 1970s. Over the following decades, as manual data modeling
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