The value-based care market is projected to grow to $174 billion by 2032, according to a MarketResearch.biz report released recently. As the march to VBC accelerates, there are operational, financial, data complexity/accessibility, and technology-related challenges that need to be overcome to implement value-based programs and to scale them for mass adoption.
Existing medical data is not fully exploited for analytics and risk score computation because of three main reasons:
Unstructured
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Generative AI
Goodbye WebMD: Will AI Now Replace Internet Research for Self-Diagnosis?
What You Should Know
- As Americans set their sights on a healthier 2024, a new survey by DrFirst's iPrescribe app reveals some interesting trends in health priorities and concerns.
- While traditional resolutions like exercising more and losing weight remain top of mind, the survey unveils a wave of optimism surrounding new treatment options, particularly for weight management.
Exercise, Sleep, and Weight Loss Reign Supreme
Exercising more and losing weight claim the top spots on
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Absci, PrecisionLife Partner to Develop AI-Enabled Drug Pipeline
What You Should Know:
- Absci, a generative AI drug creation company, and PrecisionLife, a pioneer in computational biology for complex chronic diseases, have announced a powerful partnership to develop a joint portfolio of potential therapeutics.
- This collaboration aims to leverage the strengths of both companies to address unmet medical needs and accelerate drug development.
Combining Expertise for Faster, Precision-Driven Drug Discovery
Key aspects of the partnership
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RPA Adoption: 74% of Hospitals Automate Revenue Cycle Tasks
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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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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