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12Apr, 2023

How Will Artificial Intelligence AI Impact Healthcare? Part 4

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Those of us that have been around a while can likely recall special events that captured the imagination of everyone. Those of us that visited Walt Disney World (WDW) in Orlando, Florida and were fortunate to see the Carousel of Progress,™[1] originally part of the Worlds’ Fair in 1964, and was also in WDW from 1975 to the present. For those that never saw it, it was originally sponsored by General Electric however, it is now all Disney owned and is tucked away at Tomorrowland.  Essentially a darkened theater where […]
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31Mar, 2023

How will Artificial Intelligence AI Impact Healthcare? Part 3

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The momentum on AI continues to accelerate and everyone from Elon Musk with Steve Wozniak (Apple Co-Founder), to Bill Gates (see last blog) has an opinion. Some predictions are for a catastrophic future as predicted by many science fiction movies from The Matrix (1999) to Transcendence (2014). Many others forecast a time when AI will do many routine things that we humans find boring or repetitive. The last I heard is that AI will eliminate the need for Auditors, Bookkeepers, financial advisors, underwriters, economist, legal assistants, librarians, online teaches, real estate agents, […]
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24Mar, 2023

How will Artificial Intelligence AI Impact Healthcare? Part 2

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Since our last blog on this new subject on AI, I must admit to being stunned by the accelerating number of discussions on AI just in a few days. I am receiving many emails daily from organizations, institutions, law firms, as well as healthcare specific media, and financial consultants on new ‘applications’ of AI in every industry, including healthcare. Unfortunately, most are not altogether well thought out, and are clearly ‘one shot wonders’ aimed at garnering attention; however, they’re not contributing substantially to the subject. Many are ‘piggy-backing’ on ChatGPT […]
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16Mar, 2023

How Will Artificial Intelligence AI Impact Healthcare? (Part 1)

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It is nearly impossible to read any business news without running across the new ways that the OpenAI® ChatGPT® 2023, that is being used by both professional and non-professionals, in many fields. This is making people from schools to boardrooms think of its potential applications. We see this as an inflection point in both the development of the technology and its use by nearly all Americans. We even used it in our last blog and asked it, “What are the financial and operational challenges faced by US physicians in 2023?” […]
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8Mar, 2023

U.S. Healthcare Challenges and Opportunities in 2023 (Part 3)

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2023 U.S. Healthcare Projections (with help of ChatGPT® Part 3) Healthcare Providers (primarily doctors , nurses, and clinicians) in the U.S. are in the middle of a crisis that is unprecedented in the last 50 years. This crisis has resulted from a veritable “perfect storm,’ events that have never manifested themselves simultaneously. The author, Nassim Nicholas Taleb would call it, a “Black Swan” – the result of rare events impossible to predict that can have a deep and lasting impact on individuals, businesses, and societies. I’d say that pretty well […]
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2Mar, 2023

2023 U.S. Healthcare Projections (Part 2)

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U.S. Healthcare Challenges and Opportunities in 2023 In Part 1, we mentioned that a future blog would address the challenges facing hospitals, providers, and consumers. We will add payors, or insurance companies to that mix, because some are doing amazingly well, and some are not. In Part 2, we will focus our remarks on hospitals. Of all the segments of healthcare in the USA, the challenges faced by acute care hospitals in America is overall the most severe. Hospitals are important because they are on the front-line for saving lives […]
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17Jan, 2023

U.S. Healthcare Challenges and Opportunities in 2023

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2023 U.S. Healthcare Projections (Part 1) We have witnessed an unprecedented three (3) years in healthcare directly attributable to the COVID-19 pandemic.  The U.S. healthcare system is adjusting to get back to normal, which begs us to ask exactly what is “normal” now? We are in the middle of the largest work force shifts as one of the most productive generations are ‘aging out’ and beginning to collectively increase their consumption of healthcare. These Baby-Boomers that have collectively been the innovators, entrepreneurs, and driving force of economic growth began in […]
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