This week we look at how changes to accelerated approvals at the U.S. Food and Drug Administration (FDA) are affecting the number of drugs being approved. Also this week, there is news of CVS’s brief foray into clinical trials, the end of the public health emergency for COVID-19, and the costs of the ... READ MORE >
health care
ChatGPT could help overburdened physicians, but careful evaluation is needed
Health care’s post-pandemic lurch into the virtual world has challenged physicians to continuously communicate with their patients as they provide ongoing care. However, as the patient-doctor relationship has evolved, physicians have found themselves responding to sometimes thousands of patient messages ... READ MORE >
Health care and cybersecurity insurance: The importance of understanding your organization’s coverage
Over the past decade, cybersecurity breaches in health care have become more pervasive and costly, and the nature of the attacks have changed. And while cyber insurance could be a way to protect organizations from these costly threats, there’s much to consider about this coverage. At one time ... READ MORE >
What do the latest job numbers say about the health care sector?
According to the latest nonfarm payroll jobs report published by the Bureau of Labor Statistics, health care added 44,700 jobs, which exceeded our estimate of 40,000. The overall economy added 263,000 jobs last month, a slight increase over October’s 261,000. These results also exceeded the consensus ... READ MORE >
Reflections from 2022 and a look forward for the health care industry
As the calendar year comes to an end, it’s time for many organizations to reflect on challenges and issues from this year, as well as look to new efforts for the coming year. The following captures some key takeaways from 2022 and where health care leaders may want to focus on in 2023. What did we ... READ MORE >
Along with community benefits, ESG efforts could reduce capital costs for health care providers
Health care executives and treasury departments may meaningfully engage in environmental, social and governance finance this year as we see ESG bonds and loans helping hospitals and health systems reduce capital costs in exchange for providers improving the health of their local communities—something they ... READ MORE >
ESG’s growing impact on the health care industry: Spring 2022 outlook
Aside from the obvious benefits to community, culture and environment, another reason health care organizations are focused on ESG is to attract financing. Health care organizations will likely begin measuring and reporting ESG data as an evaluation tool for investors. Read about other outlook ... READ MORE >
Persistent labor shortages will challenge most health care providers: Spring 2022 outlook
The health care ecosystem continues to struggle with a depressed labor supply, a situation unlikely to abate in the near term. Health care organizations will be forced to explore new technology solutions to fill the human labor gap. Technologies like robotic process automation and descriptive ... READ MORE >
Cybersecurity risks and challenges in health care: Spring outlook 2022
Given the risks and costs associated with cyberthreats, health care information security should be of utmost importance for organizational leadership. To fortify cybersecurity efforts, health care providers and organizations should consider the following measures: general risk analysis, remote ... READ MORE >
Health care industry outlook: Spring 2022
Facing challenges ranging from ongoing labor shortages to cyberthreats, the health care industry continues its fight against a global pandemic stoked by variant surges. However, health care organizations work toward new opportunities with the help of advanced technologies and growth strategies. Key ... READ MORE >