What You Should Know:
The healthcare revenue cycle is getting a major makeover, driven by a surge in automation and artificial intelligence (AI). A new survey by AKASA, a leading developer of AI-powered revenue cycle automation solutions, reveals that 74% of healthcare organizations are already automating some part of their revenue cycle operations, and 80% of those not currently using it plan to do so by the end of 2025.
The Rise of the Robots
- Automation is no longer a luxury, but a
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Generative AI
Children’s Health Deploys Generative AI-Powered Clinical Summaries
What You Should Know:
- Children's Health, a pediatric health system announced it has deployed Pieces, a clinically-oriented generative AI solution, across its inpatient care.
- Pieces seamlessly integrates with the hospital's Epic EMR and has quickly become a daily tool for doctors, nurses, and case managers, facilitating clinical handoffs, managing length of stay, tackling discharge barriers, enhancing team communication, and supporting multidisciplinary rounds.
Real-Time
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Americans Wary of Generative AI in Healthcare: Trust and Transparency Key to Adoption
What You Should Know:
- A new survey, Generative AI in Healthcare: Gaining Consumer Trust, from Wolters Kluwer Health reveals significant concerns among Americans regarding the use of generative AI (GenAI) in healthcare.
- While many see its potential to improve care, the lack of transparency and validation around data sources raises major trust issues.
Lack of Trust & Transparency
Key findings of the report include:
- Lack of transparency: 86% of Americans worry about not
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Google Cloud Launches Healthcare Focused Generative AI Models
What You Should Know:
- Google Cloud unveils MedLM, a family of generative AI models specifically designed for medical applications.
- Building on the success of Med-PaLM, Google's latest offering promises to revolutionize medical documentation, drug research, and patient care experiences.
MedLM Background
Built on the foundation of Med-PaLM 2, MedLM offers two model sizes: a larger one for complex tasks and a smaller one for scaling across various applications. MedLM is trained on
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Augmedix Integrates Google Cloud AI to Boost Medical Documentation
What You Should Know:
- Augmedix, a leader in ambient medical documentation, is partnering with Google Cloud to integrate MedLM, a new healthcare-focused generative AI model, into its technology stack.
- This strategic integration partnership aims to improve the quality and efficiency of medical note generation, ultimately benefiting healthcare providers and patients alike.
Medical-Focused Generative AI Model Integration
Augmedix will integrate MedLM, a medical-focused generative AI
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3 Key Ways AI Will Transform Health IT in 2024
Healthcare leaders need to lean into artificial intelligence (AI) or risk losing out. With advancements in technology taking place at lightning speed, 2024 is the year adopting AI becomes a strategic necessity.
Although healthcare has been slower than other industries to embrace AI, the tides are changing. A recent Morgan Stanley Research survey found that 94% of healthcare organizations use AI in some capacity, and the industry's average budget allocation for these technologies is projected
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How AI and Intelligent Automation Can Support and Retain Nurses
Frontline nurses across the country remain in a state of constant crisis as they attempt to deliver patient care while facing tremendously stressful environments, untenable patient-to-nurse ratios, and frustrating process inefficiencies. In fact, about 100,000 registered nurses left the workforce during the past two years due to stress, burnout and retirements, and another 610,388 reported an intent to leave by 2027, according to a study released by the National Council of State Boards of
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Fraser Health Deploys Generative AI for MEDITECH Expanse EHR
What You Should Know:
- Fraser Health Authority, a healthcare organization in Canada, is set to become one of the first health systems worldwide to deploy generative AI for clinical documentation.
- This innovative initiative utilizes Google Cloud's Vertex AI and large language models (LLMs) to automatically generate initial drafts of hospital course narratives at the time of discharge, significantly reducing the time burden on clinicians and improving the efficiency of discharge
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Generative AI in Healthcare: Accuracy/Reliability Cited Biggest Challenge for Providers, KLAS Reports
What You Should Know:
- KLAS, a leading research and insights firm focusing on healthcare IT, recently released a report exploring the growing adoption and future plans of generative AI in healthcare organizations.
- The report, “Generative AI 2023: What Are Organizations’ Current Adoption & Future Plans?,” is based on the perspectives of 66 healthcare executives, provides valuable insights into the current state and future potential of generative AI in healthcare.
What
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Deloitte Survey: 5 Factors Likely to Shape Healthcare in 2024
What You Should Know:
- The US healthcare system is undergoing a period of significant transformation, driven by factors such as consolidation, digital transformation, and the rise of empowered consumers, according to Deloitte’s 2024 Health Care Industry Outlook survey.
- Healthcare organizations face several challenges in 2024, including talent shortages, workforce challenges, rising costs, and affordability concerns. To navigate these challenges and succeed in the future, healthcare
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