Issue #250: Google Cloud, Microsoft and AI group, Oracle Health and GenAI
Damo Consulting Inc.
Digital transformation advisory services to enable healthcare organizations navigate the technology-enabled transitions.
Editor’s note
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Digital Health in the News
The industry has now shifted from hype to strategic implementation as healthcare organizations partner with tech companies to explore use cases with a particular focus on using gen AI to help clinicians tackle time-consuming administrative tasks. FIERCE Healthcare
Updates to Vertex AI Search, Healthcare Data Engine, and MedLM bring Google innovations to Cloud customers and ultimately improve patient care. PR Newswire
At HIMSS24, the president of Mayo Clinic Platform offered some tough truths about the challenges of deploying GenAI – touting its enormous potential while spotlighting patient-safety dangers to guard against in provider settings. Healthcare IT News
Various factors around ROI on virtual tech should be considered before implementation, such as billing revenue, increased efficiency, downstream revenue and improved outcomes, said experts at the HIMSS24 preconference Virtual Care Forum. mobihealthnews
Big tech firm Microsoft joined a group of 16 health systems on Monday to launch a stakeholder group that's focused on implementing artificial intelligence guardrails. Modern Healthcare
At the HIMSS 2024 conference, Oracle unveiled new capabilities in its healthcare data platform, including generative AI service to simplify care management, prebuilt clinical quality analytics, and automated alerts. FIERCE Healthcare
Insights & Research
领英推荐
Medicare provides health insurance coverage to 66 million adults, including 59 million adults ages 65 and older and more than 7 million adults under age 65 with disabilities. While the vast majority (91%) of Medicare beneficiaries give their Medicare coverage an overall positive rating, healthcare cost-related problems are not uncommon. Medicare beneficiaries contribute to the cost of their healthcare coverage through monthly premium payments, deductibles, and other cost-sharing requirements. KFF
Almost 60% of surveyed hospitals reported at least $1 million of impacted revenues per day, and 74% said that the Change Healthcare incident has had “direct patient care impact” within their facilities. The breadth and scale of the interruption ends the debate over whether hospitals need more relief from payers and government, the American Hospital Association said. FIERCE Healthcare
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Other Stuff We’re Reading
Even as organizations adopt increasingly powerful LLMs, they will find it difficult to shed their reliance on humans. MIT Sloan Review
Developers of artificial intelligence models slowly making their way into medicine have long parried ethical concerns with assertions that clinical staff must review tech’s suggestions before they are acted on. That “human in the loop” is meant to be a backstop preventing potential medical errors conjured up by a flawed algorithm from harming patients. STAT
Digital Health Funding and M&A
The Boston-based startup nabbed $55 million in series A funding in February 2023. In the past year, the startup has added new customers and platform enhancements. Fierce Healthcare
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