CMS Offers $1M Reward for AI to Predict Unplanned Hospitalizations

Regarding the use of artificial intelligence (AI) to provide efficiency gains in various healthcare processes, there have been a number of articles suggesting how to launch this new technology. I have discussed AI analytics in multiple blog notes (see, for example:Healthcare AI Market to Surge; Already Commonplace in Radiology;Cerner Offers AI Tool to Combat Physician EHR Burnout;Which Healthcare Jobs Are Safe from Replacement by Automation or Robots?). Hospitals will certainly be pursuing this goal on their own in order to reduce risk and costs. A recent article indicated that CMS was accelerating this process by launching a contest with a $1M reward for AI developers who come up with a way to predict unplanned hospitalizations (see:The Centers for Medicare and Medicaid Services is launching a challenge for AI developers to predict unplanned hospitalizations). Below is an excerpt from the article:The Centers for Medicare and Medicaid Services (CMS) launched a new challenge that pits artificial intelligence (AI) developers against each other to create algorithms that can best predict unplanned hospitalizations. To attract the cream of the AI-developing crop, the agency plans to dole out a $1 million reward to the winner. The CMS' AI Health Outcomes Challenge comes amid speculation that a lack of healthcare AI regulation could spawn misuse, but recent federal government involvement in AI could help put some concerns at bay. Here's what it means: The US government is ma...
Source: Lab Soft News - Category: Laboratory Medicine Authors: Tags: Cost of Healthcare Electronic Health Record (EHR) Healthcare Information Technology Healthcare Innovations Hospital Financial Predictive Analytics Preventive Medicine Source Type: blogs