1 00:00:00,035 --> 00:00:01,125 - This is Naomi Diaz 2 00:00:01,125 --> 00:00:02,765 with the Becker's Digital Health Podcast. 3 00:00:03,145 --> 00:00:05,085 Here's your daily industry news briefing 4 00:00:05,085 --> 00:00:06,685 for today, April 29th. 5 00:00:07,335 --> 00:00:10,085 First, answering patient inquiries is a predominant 6 00:00:10,155 --> 00:00:12,805 application of large language model technology within 7 00:00:12,805 --> 00:00:13,925 the healthcare industry. 8 00:00:14,145 --> 00:00:16,685 An April 23rd survey from AI Healthcare Company, 9 00:00:16,835 --> 00:00:21,405 John Snow Labs, found the company conducted the 2024 Gen AI 10 00:00:21,405 --> 00:00:24,045 and Healthcare Survey with 304 participants. 11 00:00:24,585 --> 00:00:26,365 The survey conducted from February 12th 12 00:00:26,365 --> 00:00:30,085 through March 15th had 196 respondents employed 13 00:00:30,105 --> 00:00:33,005 by organizations actively involved in assessing, using, 14 00:00:33,185 --> 00:00:35,205 or implementing gen AI technologies. 15 00:00:36,025 --> 00:00:37,885 The survey revealed that the primary use 16 00:00:37,965 --> 00:00:40,325 of gen AI technology in the healthcare industry was 17 00:00:40,325 --> 00:00:42,085 addressing patient inquiries accounting 18 00:00:42,085 --> 00:00:43,565 for 21% of instances. 19 00:00:44,195 --> 00:00:46,685 Medical chat box constituted 20% 20 00:00:46,685 --> 00:00:49,245 of applications while information extraction 21 00:00:49,265 --> 00:00:51,765 and data abstraction compromised 19%. 22 00:00:52,985 --> 00:00:56,485 Second, the Federal trade commission's recent non-compete 23 00:00:57,095 --> 00:00:59,405 could affect the nation's largest EHR vendor. 24 00:00:59,405 --> 00:01:01,165 Wisconsin Public Radio reported 25 00:01:01,865 --> 00:01:04,085 former Epic employees told the news outlet 26 00:01:04,085 --> 00:01:05,245 and wrote to the FTC 27 00:01:05,435 --> 00:01:08,085 that the company's non-compete clauses have prevented them 28 00:01:08,085 --> 00:01:10,485 from advancing their careers in healthcare and technology. 29 00:01:11,465 --> 00:01:14,125 But the commission's April 23rd decision could do 30 00:01:14,125 --> 00:01:15,205 away with those agreements. 31 00:01:15,365 --> 00:01:19,045 At the EHR Giant, an Epic spokesperson told Becker's, 32 00:01:19,045 --> 00:01:21,165 the company is reviewing the FTCs ban, 33 00:01:21,295 --> 00:01:24,525 which is being challenged in court to determine its impact. 34 00:01:25,025 --> 00:01:27,285 The vendor said its non-compete agreement applied 35 00:01:27,285 --> 00:01:29,245 to a few dozen health tech companies. 36 00:01:30,065 --> 00:01:34,525 In 2021 Epic's non-compete list included about 4,500 37 00:01:34,555 --> 00:01:37,605 competitors and customers, including nine health systems. 38 00:01:38,705 --> 00:01:41,045 The clause of health prevented health systems from vying 39 00:01:41,045 --> 00:01:43,005 for four x epic staffers. 40 00:01:43,345 --> 00:01:45,245 IT leaders have told Becker's. 41 00:01:45,995 --> 00:01:47,605 It's definitely about people retention 42 00:01:47,705 --> 00:01:50,365 and maybe people investment from an education standpoint 43 00:01:50,635 --> 00:01:52,365 more than it is about, I think, 44 00:01:52,365 --> 00:01:55,125 guarding any specific intellectual secret in our 45 00:01:55,125 --> 00:01:56,325 intellectual property. 46 00:01:56,725 --> 00:02:00,445 A former Epic employee told WPR third 47 00:02:01,445 --> 00:02:04,325 Advocate Aurora Health now a part of Advocate Health plans 48 00:02:04,345 --> 00:02:06,125 to sell a remote patient monitoring. 49 00:02:06,125 --> 00:02:09,165 Company Aid acquired for 290.7 million 50 00:02:10,145 --> 00:02:11,205 in 2022. 51 00:02:11,225 --> 00:02:13,685 The health system strategic investment arm Advocate, 52 00:02:13,685 --> 00:02:16,485 Aurora Enterprises brought mobile help, 53 00:02:17,175 --> 00:02:18,725 which provides medical alert 54 00:02:18,725 --> 00:02:21,765 and fall detection technology planning to pair it 55 00:02:21,765 --> 00:02:24,405 with an in-Home senior company, senior Helpers. 56 00:02:24,425 --> 00:02:27,005 It purchased a year earlier for 187 million. 57 00:02:27,865 --> 00:02:28,925 But Advocate Health, 58 00:02:28,945 --> 00:02:31,485 the health system headquartered in Downers Grove, Illinois 59 00:02:31,485 --> 00:02:34,085 and Milwaukee stated that it has since become part 60 00:02:34,085 --> 00:02:35,965 of the larger Advocate health base in Charlotte, 61 00:02:35,965 --> 00:02:38,765 North Carolina, and it intends to close a sale 62 00:02:38,765 --> 00:02:40,365 of mobile help later this year. 63 00:02:41,485 --> 00:02:42,885 Advocate already sold senior helpers 64 00:02:42,885 --> 00:02:44,485 to a private equity firm in March. 65 00:02:45,345 --> 00:02:47,725 The company's no longer fit the strategic 66 00:02:47,845 --> 00:02:49,245 priorities of Advocate Health. 67 00:02:50,225 --> 00:02:53,365 The report stated the health system has already accounted 68 00:02:53,365 --> 00:02:56,885 for $150 million asset impairment write down related to it, 69 00:02:56,885 --> 00:02:58,765 the expected loss on the sale of mobile 70 00:02:58,765 --> 00:02:59,765 - Health. 71 00:02:59,765 --> 00:03:01,845 According to the report, we remain committed 72 00:03:01,845 --> 00:03:03,925 to investing in innovative health related companies 73 00:03:03,925 --> 00:03:05,445 to advance healthcare transformation 74 00:03:05,465 --> 00:03:06,765 and redefine patient care. 75 00:03:07,285 --> 00:03:10,485 A health system spokesperson told Becker's. 76 00:03:10,895 --> 00:03:12,445 We're focused on building relationships 77 00:03:12,445 --> 00:03:15,285 and pur pursuing strategic investments that enable us 78 00:03:15,285 --> 00:03:17,365 to remain nimble while strengthening our ability 79 00:03:17,485 --> 00:03:19,485 to provide the safest and highest quality of care. 80 00:03:19,865 --> 00:03:21,245 The spokesperson continued. 81 00:03:21,705 --> 00:03:23,045 If you'll like the latest health IT 82 00:03:23,105 --> 00:03:24,845 and digital health industry news delivered 83 00:03:24,845 --> 00:03:26,765 to your inbox every morning, subscribe 84 00:03:26,765 --> 00:03:27,925 to the Becker's Health IT 85 00:03:28,105 --> 00:03:29,565 and CEO eNewsletter 86 00:03:29,565 --> 00:03:32,485 through our website at ww dot becker's hospital review.com.