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In the News

Processing Mismanagement: Responding to Change Healthcare’s Meltdown - 4sight Health

April 3, 2024

In the wake of a significant cybersecurity breach at Change Healthcare, a major claims clearinghouse handling a substantial portion of U.S. medical and drug transaction claims, health policy expert Jeff Goldsmith proposes a transformative shift in how claims are managed and processed. Arguing against the efficiency of a singular, large-scale processor vulnerable to cyberattacks, Goldsmith advocates for the adoption of multiple Administrative Service Providers (ASPs) that would manage claims for both public and private payers, utilizing stringent security measures and standardized procedures. This system aims to enhance cyber-security, streamline claims processing, and pave the way for value-based competition among providers by fundamentally altering the provider-payer dynamic. Goldsmith's proposal also suggests a regional restructuring of healthcare competition, facilitated by impartial regional health authorities utilizing comprehensive performance data to promote informed choice among consumers and employers. This vision for a restructured claims processing landscape seeks not only to mitigate the risks associated with centralized claims handling but also to foster a more efficient, competitive, and value-focused healthcare system.

Processing Mismanagement: Responding to Change Healthcare’s Meltdown - 4sight Health 4sight Health

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Is the Future of AI in Good Hands? | healthsystemcio.com

April 3, 2024

John Halamka and Paul Cerrato from the Mayo Clinic Platform address the exaggerated fears surrounding AI, arguing that concerns should focus more on realistic technological challenges rather than dystopian scenarios. They discuss the potential of generative AI tools like large language models (LLMs) to invent content or misuse copyrighted material, highlighting ongoing government and healthcare sector efforts to establish responsible AI standards and Quality Assurance labs through the Coalition for Health AI (CHAI). The authors suggest that the real danger lies not in AI becoming autonomous and overpowering, but in its misuse by unethical developers within the healthcare ecosystem, emphasizing the importance of human oversight and ethical development in AI applications.

Is the Future of AI in Good Hands? | healthsystemcio.com healthsystemcio.com

Read More

‘Shortcuts Everywhere’: How Boeing Favored Speed Over Quality

April 2, 2024

The article from DNYUZ dated March 28, 2024, discusses ongoing safety and quality control issues at Boeing, particularly with its 737 Max planes, detailing incidents of malfunction and manufacturing lapses that have raised concerns among airlines, regulators, and the public. Despite Boeing's efforts to improve its safety culture and quality control processes following two fatal crashes of Max 8 planes in 2018 and 2019, reports of shortcuts in manufacturing and pressure to meet production deadlines suggest persistent challenges in ensuring the quality and safety of its aircraft. The company has recently undertaken leadership changes and announced measures aimed at addressing these issues, emphasizing a need for a shift in priorities from speed to quality. However, the task of rectifying these problems and restoring trust in Boeing's products is significant, with implications for its competitiveness and the broader aviation industry.

‘Shortcuts Everywhere’: How Boeing Favored Speed Over Quality DNYUZ

Read More

Health system's $10M stadium naming rights deal scrutinized

April 2, 2024

A California-based health system, Valley Children's Healthcare, is facing scrutiny over its $10 million stadium naming rights agreement with Fresno State's football stadium and its executive compensation practices. The 10-year deal, established in 2022, has been criticized by some Fresno City Council members, leading to a request for investigation by the state attorney general regarding the health system's expenditure of state funds. The deal, which includes marketing and community health initiatives, aims to enhance the health system's national brand and attract top-quality medical staff to central California. Despite criticisms, the health system defends the agreement, emphasizing its focus on addressing healthcare staffing challenges and supporting nursing education and pediatric health campaigns. The investment represents a fraction of the health system's annual marketing budget, with benefits seen as extending beyond mere naming rights to impactful community and healthcare advancements.

Health system's $10M stadium naming rights deal scrutinized Becker's Hospital Review

Read More

Processing Mismanagement: Responding to Change Healthcare’s Meltdown - 4sight Health

April 3, 2024

In the wake of a significant cybersecurity breach at Change Healthcare, a major claims clearinghouse handling a substantial portion of U.S. medical and drug transaction claims, health policy expert Jeff Goldsmith proposes a transformative shift in how claims are managed and processed. Arguing against the efficiency of a singular, large-scale processor vulnerable to cyberattacks, Goldsmith advocates for the adoption of multiple Administrative Service Providers (ASPs) that would manage claims for both public and private payers, utilizing stringent security measures and standardized procedures. This system aims to enhance cyber-security, streamline claims processing, and pave the way for value-based competition among providers by fundamentally altering the provider-payer dynamic. Goldsmith's proposal also suggests a regional restructuring of healthcare competition, facilitated by impartial regional health authorities utilizing comprehensive performance data to promote informed choice among consumers and employers. This vision for a restructured claims processing landscape seeks not only to mitigate the risks associated with centralized claims handling but also to foster a more efficient, competitive, and value-focused healthcare system.

Processing Mismanagement: Responding to Change Healthcare’s Meltdown - 4sight Health 4sight Health

Read More

Is the Future of AI in Good Hands? | healthsystemcio.com

April 3, 2024

John Halamka and Paul Cerrato from the Mayo Clinic Platform address the exaggerated fears surrounding AI, arguing that concerns should focus more on realistic technological challenges rather than dystopian scenarios. They discuss the potential of generative AI tools like large language models (LLMs) to invent content or misuse copyrighted material, highlighting ongoing government and healthcare sector efforts to establish responsible AI standards and Quality Assurance labs through the Coalition for Health AI (CHAI). The authors suggest that the real danger lies not in AI becoming autonomous and overpowering, but in its misuse by unethical developers within the healthcare ecosystem, emphasizing the importance of human oversight and ethical development in AI applications.

Is the Future of AI in Good Hands? | healthsystemcio.com healthsystemcio.com

Read More

‘Shortcuts Everywhere’: How Boeing Favored Speed Over Quality

April 2, 2024

The article from DNYUZ dated March 28, 2024, discusses ongoing safety and quality control issues at Boeing, particularly with its 737 Max planes, detailing incidents of malfunction and manufacturing lapses that have raised concerns among airlines, regulators, and the public. Despite Boeing's efforts to improve its safety culture and quality control processes following two fatal crashes of Max 8 planes in 2018 and 2019, reports of shortcuts in manufacturing and pressure to meet production deadlines suggest persistent challenges in ensuring the quality and safety of its aircraft. The company has recently undertaken leadership changes and announced measures aimed at addressing these issues, emphasizing a need for a shift in priorities from speed to quality. However, the task of rectifying these problems and restoring trust in Boeing's products is significant, with implications for its competitiveness and the broader aviation industry.

‘Shortcuts Everywhere’: How Boeing Favored Speed Over Quality DNYUZ

Read More

Health system's $10M stadium naming rights deal scrutinized

April 2, 2024

A California-based health system, Valley Children's Healthcare, is facing scrutiny over its $10 million stadium naming rights agreement with Fresno State's football stadium and its executive compensation practices. The 10-year deal, established in 2022, has been criticized by some Fresno City Council members, leading to a request for investigation by the state attorney general regarding the health system's expenditure of state funds. The deal, which includes marketing and community health initiatives, aims to enhance the health system's national brand and attract top-quality medical staff to central California. Despite criticisms, the health system defends the agreement, emphasizing its focus on addressing healthcare staffing challenges and supporting nursing education and pediatric health campaigns. The investment represents a fraction of the health system's annual marketing budget, with benefits seen as extending beyond mere naming rights to impactful community and healthcare advancements.

Health system's $10M stadium naming rights deal scrutinized Becker's Hospital Review

Read More
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