November 30, 2023
Providence reported a Q3 operating loss of $310M, down from last year's $164M, despite a 5% YOY revenue increase. Performance impacted by a 7% expense increase due to wage rises, higher supply and patient service costs. The system prioritizes recruitment and retention to reduce agency staffing reliance, addressing discharge challenges and increasing surgical capacity across facilities. Despite losses, an $857M operating loss for the nine months ending September is reported, lower than last year's $1.1B.
Providence posts $310M operating loss in Q3 Beckers Hospital Review
November 29, 2023
Ransomware attack diverts ER patients from Ardent Health Services hospitals in four states. Non-urgent procedures rescheduled. ER patients diverted include those from Hillcrest HealthCare, Lovelace Health System, UT Health, and Ardent's New Jersey centers. Ardent suspended network access, launched additional IT security protocols, and reported incident to law enforcement.
Hospitals in at least 4 states diverting patients from emergency rooms after ransomware attack USA Today
November 28, 2023
75% of Americans predict AI will reduce jobs in the next decade, with those lacking bachelor degrees more likely to say so. Despite this, majorities recognize AI's potential benefits in certain tasks. However, 79% express low trust in businesses' responsible AI use, 40% believe AI causes more harm than good, highlighting an opportunity for businesses to affirm their AI commitment.
November 28, 2023
Epic's head of R&D, Sumit Rana, outlines use of AI in EHRs to improve patient-provider interaction, generate progress notes from conversations, draft responses to patient queries, and assist with medical coding. AI proves beneficial in reducing time spent on documentation and increasing empathy in communication. Future goals include reducing administrative overhead and automation of administrative tasks.
How Epic is using AI to change the way EHRs work | Healthcare IT News Healthcare IT News
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