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More in Health IT

Cleveland Clinic has secured leadership in a quantum computing project spearheaded by nonprofit company Wellcome Leap and is set to make substantial contributions to a separate initiative in collaboration with Algorithmiq.

Hybrid primary care company Carbon Health has laid off 114 employees as it adjusts to plunging revenue from COVID-19 care.

Healthcare-focused investment firm OrbiMed has raised over $4.3 billion in its three latest funds, The Wall Street Journal reported Oct. 24.

After reporting $16 billion in third-quarter revenue, Nashville, Tenn.-based HCA Healthcare said that the July data breach and the health system's ability to use its EHR could affect future earnings. 

Although hospitals and health systems continue to face financial headwinds, the challenges and problems spawn new opportunities on where they can innovate, David Sylvan, Cleveland-based University Hospitals' new chief strategy and innovation officer, told Becker's.   

Tacoma, Wash.-based MultiCare Health System collaborated with Microsoft to organize the multitudes of health data from sources including fitness trackers and phones.

Health systems stand to improve revenue cycle efficiencies, optimize labor, lower administrative costs and improve patient outcomes when leveraging artificial intelligence correctly. However, not every AI partnership and initiative will be successful, or beneficial, for healthcare providers long term.

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