The Health Insurance Portability and Accountability Act (HIPAA), established in 1996, keeps individual health information private. It introduced HIPAA EDI (Electronic Data Interchange) Standards to secure electronic health data sharing among healthcare providers, insurers, and related entities. Healthcare EDI sets rules for how data should be formatted when electronically exchanged to ensure secure and efficient communication and reduce manual tasks.

According to the World Health Organization (WHO), Up to 50% of medical errors in primary care stem from administrative issues. There is a projected shortfall of 10 million health workers by 2030. Given the statistics highlighting device errors and a shortage of maintenance professionals exacerbate healthcare challenges, Generative AI in medical devices offers diversified solutions.

Much has been said about how generative AI will impact the healthcare and life sciences industries. While generative AI will never replace a human healthcare provider, it is going a long way toward addressing key challenges and bottlenecks in the industry. And the effects are expected to be far-reaching across the sector.

The medical device industry has recently seen a troubling increase in recalls, often due to software failures or software-to-hardware miscommunication. The number of medical devices with software is also increasing, considering the rise in IoMT (Internet of Medical Things). These issues highlight the urgent need for thorough and robust testing methodologies to ensure the reliability and safety of medical devices.

While AI has garnered the attention of many industries, nanotechnology still has not lost its significance in healthcare and life sciences. Promising research continues to drive the exploration of nanotechnology for health and wellness applications. Yet, an often-overlooked element is the crucial role of software testing in this field.

Medical affairs has grown to become a core pillar of the pharmaceutical industry, linking the work of research and development and commercial operations. However, for leaders in the industry, navigating the process and data complexities and communication silos involved can prove challenging.

The Centers for Medicare & Medicaid Services (CMS) has taken a significant step forward in advancing interoperability and improving prior authorization processes with the publication of the CMS Interoperability and Prior Authorization Final Rule (CMS-0057-F).

Accelerate Healthcare and Life Sciences is a one-day virtual event, featuring technology and business leaders from Elevance Health, Ginkgo Bioworks, Datavant and more, to discover executive priorities, best practices and potential data and AI challenges that are top of mind for 2024.

What exactly comes to your mind when we say ‘Digital Advancements’? What’s the first thing you think of when you hear the word? Is it cloud technology? Digital transformation? Gen-AI? Blockchain? Or everything that caters to Digital Transformation as a whole? We know that the last sentence is the one you’ll prefer. But has it ever come across your mind why digital transformation solutions are taking all the limelight from different industries?