Looking back at my 2024 predictions, I see something obvious.Getty Images Every year, I dust off my crystal ball and try to predict what the future holds for the medical industry. In an effort to assess the state of the industry and fine-tune our crystal ball, we decided to revisit our predictions for what we can expect in 2024. What I've discovered is that sometimes I'm wrong and sometimes I'm right. And I'm always amazed at the speed of change in what is arguably one of America's most dynamic industries. So without further ado, let's take a look at which…
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As healthcare organizations prepare for the new year, their concerns may go beyond what's on the financial statements. In the webinar, “Year-end Accounting and Audit Update for Healthcare Organizations,” Forbis Mathers explored several topics of interest to the healthcare industry, including cybersecurity and what to expect from Washington after last year's election. This article provides some important insights for providers to keep in mind.Risk-sharing arrangementsMore entities are entering into risk-sharing agreements. These include agreements in which a health care entity receives payment in exchange for an obligation to provide and/or assume financial responsibility for health care services to a specified…
ALBANY, N.Y. — Artificial intelligence has been a powerful tool to revolutionize the field of medicine and healthcare, but some are now expressing concerns about AI's growing role in the industry. Nurses at the Albany Stratton Veterans Affairs Medical Center gather Thursday outside the Department of Veterans Affairs in Albany to rally for safer staffing levels and patient protection measures amid the rapid adoption of artificial intelligence technology. did. The rally was part of a nationwide effort organized by their union, National Nurses United. Promoting safe staffing has become a unified message among nurses across New York State, including at…
PALM BEACH, Fla., Jan. 16, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The healthcare industry is rapidly integrating artificial intelligence (AI)-powered solutions in various verticals to achieve higher operational & clinical outcomes, which is a key contributing factor to the growth of the global market. According to a report from Grand View Research said that the artificial intelligence in diagnostics market size is projected to grow at a compound annual growth rate (CAGR) of 24.60% through 2030 overburdened healthcare systems struggling with the rapidly rising global prevalence of chronic diseases are driving the demand for automated, innovative…
KHAN YUNIS, Gaza Strip, Palestine – In the dimly lit hallways of al-Amal Hospital in western Khan Younis, one of 17 partially operational medical facilities in Gaza, there is a rare sense of hope. Capturing staff and patients. Mediators have announced a ceasefire between Hamas and Israel to end the 15-month war in Gaza, and although the Israeli cabinet has not yet approved the deal, optimism is contagious. Orthopedic consultant Dr. Khaled Ayyad spoke with confidence for the first time in months, reassuring patients that urgently needed medicines and procedures would be readily available, but Israel's aid delivery to Gaza…
January 16, 2025 Community and services Ensuring underserved populations have access to quality patient care is a top priority for Jessica M. Rodriguez, the new Orange County Medical Clinic manager. “One of the main things I’m working on is getting more exposure and access to who we are and what we do,” she said. “So many patients are eligible for treatment and don’t even know we exist.” Under the leadership of Dr. Raul Pino, Mr. Rodriguez will strive to achieve these goals through community outreach, collaborative partnerships, and grants to expand services and comprehensive care through preventive measures. Rodriguez brings…
IQVIA, Illumina, Mayo Clinic, and ARK Labs leverage NVIDIA AI and accelerated computing to transform $10 trillion healthcare and life sciences industry JPMorgan Healthcare Conference — NVIDIA today announced its commitment to transform the $10 trillion healthcare and life sciences industry by accelerating drug discovery, enhancing genomic research, and pioneering advanced healthcare services with agent and generative AI. We have announced a new partnership. The convergence of AI, high-speed computing, and biological data is transforming healthcare into the largest technology industry. Healthcare leaders IQVIA, Illumina, Mayo Clinic, and Arc Institute use the latest NVIDIA technology to develop solutions that help…
Over the past 12 months, overall U.S. stocks outperformed the Morningstar US Healthcare Index by more than 25 percentage points. The sector's more defensive nature likely led to underperformance at the start of the year and outperformance in the third quarter as recession fears waxed and waned, but the fourth quarter's slowdown was primarily due to the post-election period. It involved uncertainty and disappointing news for large biopharma and biopharmaceutical companies. Healthcare plan (managed care) stocks. Source: Morningstar. Data as of January 6, 2025. After a challenging fourth quarter, we believe the entire healthcare sector is undervalued, with a median…
The European Commission has presented an EU action plan to strengthen the cybersecurity of hospitals and healthcare providers. This work is a key priority within the first 100 days of the new mandate, with the aim of creating a safer and more secure environment for patients. In 2023 alone, EU countries reported 309 serious cybersecurity incidents targeting the healthcare sector, more than any other critical sector. As healthcare providers increasingly utilize digital health records, the risk of data-related threats continues to increase. Many systems can be affected, including electronic medical records, hospital workflow systems, and medical equipment. Such threats can…
Listen to the article 14 min This audio is auto-generated. Please let us know if you have feedback. Uncertainty surrounding telehealth flexibilities and artificial intelligence regulation will shape healthcare technology trends this year, while cyberattacks continue to batter the sector, experts say. AI is an alluring technology for the industry, but healthcare organizations have to grapple with safety and accuracy concerns as they roll out the tools — and they face a potentially hazy regulatory environment as President-elect Donald Trump begins his second term in office. Telehealth is facing its own regulatory challenges after a year-end bill that would have extended…