The U.S. healthcare industry continues to navigate the aftershocks of the acute phase of the COVID-19 pandemic. These pressures have led to a slower pace of hospital mergers and acquisitions than seen in pre-COVID years, with health systems focusing on streamlining operations and choosing partnerships or sales agreements in some instances to ensure they are able to continue to serve their communities. When considering such a merger, performing thorough due diligence is more important than ever before to safeguard any potential financial or regulatory risks.
A Hybrid AI approach in healthcare might combine a traditional machine learning model trained on vast amounts of medical data with a generative AI component. The machine learning model could handle the intricate task of analyzing symptoms, test results, and patient history to generate a diagnosis with a high degree of accuracy. Meanwhile, the generative AI could step in to explain the diagnosis to patients in clear, understandable language, answering questions and providing additional information as needed.
The Steward era in Massachusetts health care officially ended on Tuesday, but its wreckage will be with us for years. Six former Steward hospitals were transferred to new owners, and I assume they can only be an improvement. New owners have stepped up to claim the remnants of the Steward system. Providence-based Lifestyle Health System took over two hospitals, St. Anne's in Providence and Morton Hospital in Taunton. Boston Medical Center will now run St. Elizabeth's in Brighton and Good Samaritan Medical Center in Brockton. Lawrence General Hospital, meanwhile, has acquired Holy Family Hospital, which operates in Methuen and Haverhill. Let's not forget that these acquisitions were the result of perhaps the greatest healthcare scandal in Massachusetts history.
Glenview Capital Management has denied media reports that it is 'pushing for a break-up' of CVS Health. The Wall Street Journal on Monday published an "exclusive" story headlined, "Glenview Capital Plans Push for Changes at CVS." In the story, the newspaper described Glenview as a 'major hedge-fund investor' that planned to meet top executives of CVS Health on Monday to 'propose ways the struggling healthcare company can improve its operations.' By Tuesday afternoon, the hedge fund said this: 'Press reports have represented that Glenview is pushing for a break-up of CVS Health — this is false.'
The first state attorney general settlement with a company accused of deceptively marketing generative AI software serves as a warning that federal regulators aren't the only cops willing to slap cuffs on the nascent technology.
As thousands across western North Carolina continue to deal with power outages, washed out roads and a trail of destruction, first responders from the Charlotte area are heading out to help. Both the Charlotte-Mecklenburg Police and Charlotte Fire departments said they have personnel in parts of Asheville, Black Mountain and other hard-hit areas. On Tuesday, Atrium Health is deploying its MED-1 mobile unit to the Town of Tryon in Polk County. MED-1 is essentially a hospital on wheels, and once in Tryon, it will serve as a facility where patients can be triaged, treated, and either sent home or taken to a brick-and-mortar hospital if critical care is needed.