The health tech industry is breathing a little sigh of relief after President Donald Trump revoked former President Joe Biden's executive order on artificial intelligence Monday. The repeal isn't likely to have a big impact. But some in the health industry had been worried about future implications of Biden's 2023 executive order, which, among other things, required companies with models trained using enormous computing power to regularly send detailed reports to federal regulators, regardless of the company's size.
Blue Cross Blue Shield of Michigan is offering buyouts to eligible employees as it copes with financial strain from rising prescription drug prices. Nonunion employees have until the end of the month to accept a voluntary separation offer. The initiative is part of the company's plan to slash $600 million in administrative costs during the next several years.
In a long-waged battle between the city of Pittsburgh and its major nonprofits, Highmark Health has reaffirmed an agreement to make a financial contribution to the city, but only if the other three large organizations agree to do the same.
It's now been more than two weeks since Steward Health Care's Sharon Regional Medical Center closed its doors and stopped accepting patients. Now, a newly-released report offers a glimpse into what the hospital's final days looked like.
A new task force could be created to find out why rural hospitals are closing in a newly proposed plan. The bill was filed by freshman Rep. Amy Murri Briel (D-Ottawa) who said in her district there have been four hospital closures in six years. The closing of rural hospitals is a national crisis, with many of these hospitals cutting services or closing due to profitability issues. Another issue that plagues hospitals is the rise of ransomware attacks, cyberattacks that target hospital computers, lock access away from doctors and only return access after a fee has been paid.