Hospitals need to start thinking about ways to build patients’ trust in generative AI in order for the healthcare industry to fully harness the technology’s potential. They can do this through methods like having transparent conversations, asking for patients’ consent to use the tools and training models on internal data, experts said.

The post What Hospitals Need to Know about Patient Trust in GenAI appeared first on MedCity News.

Mental health inequities are costing the U.S. $477.5 billion annually. This could rise to $1.3 trillion in 2040 if left unaddressed.

The post Mental Health Inequities Could Cost $1.3 Trillion in 2040. How Can the Industry Prevent This? appeared first on MedCity News.

During an interview this month at HIMSS24, David Vawdrey — Geisinger’s chief data and informatics officer — said health systems should spend more time designing their plan for evaluating success when it comes to tech pilots.

The post There’s a Crucial Part of Tech Pilot Design That Many Health Systems Forget, Geisinger Exec Says appeared first on MedCity News.

Bill Fera — a principal and head of AI at Deloitte — said that the generative AI frenzy holds incredibly promising opportunities for health systems. He noted that in order for hospitals to succeed in the era of generative AI, they need to establish the right metrics for their pilots early on so they can quickly nix or scale them.

The post How Should Providers Be Approaching the Generative AI Frenzy? appeared first on MedCity News.

As the food as medicine movement grows, some payers and healthcare organizations are carving out specific roles and teams dedicated to food and nutrition. Doing so can be beneficial considering the significant impact diet can have on health outcomes.

The post ‘Food Equity Can’t Be a Side Gig’: How Food as Medicine is Becoming A Core Team Capability appeared first on MedCity News.

AI, health equity and merger and acquisition activity are among the trends to watch in 2024, according to a recent report from Deloitte.

The post Deloitte: 7 Trends Shaping Healthcare and Life Sciences in 2024 appeared first on MedCity News.

A recent Deloitte report found that improving health equity is a top-10 goal for 83% of life sciences and healthcare C-suite executives in 2024. The report also laid out factors that will likely influence health equity in 2024, including AI.

The post Report: Improving Health Equity is a Top-10 Goal for Most Healthcare Execs in 2024 appeared first on MedCity News.

In this episode, we’re joined by Marielle Farina, senior manager of Deloitte. She’s here to discuss a report she recently co-authored that found that employed women pay significantly more in out-of-pocket medical costs than employed men.

The post MedCity FemFwd: Why Employed Women Have Higher Out-of-Pocket Costs Than Employed Men appeared first on MedCity News.

Deloitte released a report predicting the key trends that will shape the healthcare landscape in 2024. Some of them include hospital M&A, health systems outsourcing departments and the increasing adoption of generative AI tools.

The post 5 Trends Shaping Healthcare Business Strategies for 2024 appeared first on MedCity News.

During past recessions, the healthcare sector remained relatively immune to economic downswings — but things are different now that a sweeping labor shortage and lower patient volumes have been added to the mix.

The post Debunking Healthcare’s Recession-Proof Reputation appeared first on MedCity News.

At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.

The post A Personalized Approach to Medication Nonadherence appeared first on MedCity News.

While the average lifespan for Americans is 77.9 years, Americans are living only 65.9 years in good health. A new Deloitte report shows that if changes are made, Americans’ average lifespan could reach 90 years by 2040, with 85 of those years being in good health.

The post Deloitte: Employers Could Have a Significant Impact on Employees’ Lifespans appeared first on MedCity News.

It shouldn’t be so hard for Americans to access healthy foods, said Dr. Elizabeth Klodas, founder of healthy food company Step One Foods, during a Tuesday panel at the MedCity INVEST conference in Chicago. There should be incentives for food companies and better nutrition education for Americans.

The post How Can the Healthcare Industry Make It Easier for Patients To Make Healthier Food Choices? appeared first on MedCity News.

R&D spending rose in response to Covid-19, bringing with it higher expectations for returns on all biopharma investments. The once sky-high projections are coming down to Earth, with returns now in line with pre-pandemic levels, according to a new Deloitte report.

The post Pharma Returns Slump as Post-Pandemic Realities Set In, Deloitte Report Says appeared first on MedCity News.

Inflation and shrinking operational margins are among the key factors that will influence hospitals and health systems’ strategies in 2023. To deal with this, more hospitals will merge with other systems, predicted Tina Wheeler, Deloitte’s leader for its healthcare sector.

The post 2023 Will Be a Year of Shrinking Margins and More Consolidation for Hospitals, Expert Says appeared first on MedCity News.

Alternative care sites — defined as those outside a traditional doctor’s office — could potentially give millions of Americans access to more convenient and equitable healthcare. But that fantasy will only come true if alternative care sites build diverse care teams and prioritize care continuity.

The post Alternative care sites won’t make a difference unless these 2 priorities are considered appeared first on MedCity News.

Many startups are giving patients options to receive care that cuts out insurers. This includes online pharmacies, direct primary care platforms and lending companies. These startups are creating change among payers, some experts say.

The post ‘It’s creating change’: How some startups are circumventing payers appeared first on MedCity News.

Improving Customer Experience and Conversion in Healthcare & Life Sciences.

The post Creating an Omnichannel Customer Journey in Healthcare appeared first on MedCity News.

The final day of the conference, Friday, December 11, includes a panel on precision medicine investment trends, a look at clinical trial design innovation and the life sciences track of our Pitch Perfect startup contest. Register now!

The post What’s coming up at MedCity INVEST Precision Medicine Day 3? appeared first on MedCity News.

The contracts are complicated and full of risks for drug companies. But there’s also a risk to steering clear of the arrangements — reduced or restricted access to a company’s medication.

The post Rising drug costs fuel interest in value-based contracts appeared first on MedCity News.

What needs to happen to facilitate data sharing, ensure access to genome sequencing and promising personalized therapies?

The post A snapshot of the precision medicine landscape appeared first on MedCity News.

Deloitte’s vision for health in 2040 is made up of three main categories: data and platforms; care enablement; and well-being and care delivery.

The post What will health look like in 2040? appeared first on MedCity News.

A new software service from the company called Amazon Comprehend Medical uses machine learning and natural language processing to extract relevant medical information from doctors’ notes, clinical trial reports and patient health records.

The post Amazon’s latest healthcare foray is a major step into health informatics appeared first on MedCity News.

A Deloitte survey found only 34 percent of physicians said their organization or EHR vendor sought their feedback on EMR enhancements.

The post Why physician input is essential to EMR optimization appeared first on MedCity News.

A Deloitte survey of 4,530 Americans ages 18 and up found millennials were more likely than seniors to use tech to receive medication alerts and to measure their fitness and health improvement goals.

The post How do consumers utilize technologies for healthcare? appeared first on MedCity News.

A Deloitte survey of 624 primary care and specialty care doctors, which found only 14 percent said they have video visit capabilities, also provides suggestions about how hospitals can approach telehealth adoption.

The post What’s preventing doctors from adopting virtual care technologies? appeared first on MedCity News.

Nvidia holds a dominant position in terms of making the chips that power artificial intelligence projects, but can the Silicon Valley tech company with roots in the world of gaming and graphics succeed in healthcare?

The post Meet the ‘preeminent AI company on earth,’ but can it succeed in healthcare? appeared first on MedCity News.

Deloitte has integrated ConvergeHEALTH Patient Connect, a tool that its life sciences clients use to support specific patient populations, with Apple HealthKit, CareKit and ResearchKit.

The post Deloitte integrates patient engagement platform with Apple frameworks appeared first on MedCity News.

Doc.ai, a Palo Alto-based startup, has come out of stealth mode and launched its new platform. Through it, patients can input their data and receive suggestions from an AI-powered “doctor.”

The post Doc.ai is creating robo-doctors that can converse with patients (Updated) appeared first on MedCity News.

The post Should Big Pharma spend more on marketing than R&D? appeared first on MedCity News.