This is Naomi Diaz with the Becker's Digital
Health Podcast. Here's your daily industry news briefing
for today, October 30th.
First,
health care organizations are investing heavily in their
CIOs with 22% of CIOs now earning over
$600,000
annually.
An October 29th report from Witkiefer found
an executive search firm, Witkiefer,
surveyed health care's chief information and digital officers
to explore the scope, compensation,
and more details pertaining to the role. Here
are 8 things to know from the report.
1st, 41% of CIOs earn annual salaries between
$301,000
$500,000.
2, CIOs are seeing significant pay increases when
moving into their new roles with 27%
reporting a boost of over 20%
in compensation.
3, bonuses and long term incentives are also
key components of CIO compensation with all CIOs
eligible for bonuses and 68%
qualifying for long term incentives or supplemental executive
retirement plans.
4, 28% of CIOs can earn bonus bonuses
exceeding 30% of their base salaries.
5, despite high turnover rates, 78% of CIOs
report feeling satisfied in their roles with 38
expressing strong satisfaction.
6, while 41% of CIOs are required to
reside near the office and work on-site full
time, an equal portion, 44%,
have moved to hybrid schedules working on-site only
a few days per week. 7, only 39%
of organizations currently have a CIO succession plan
in place, and 36%
are developing 1. 8, meanwhile, 25%
lack any succession strategy.
2nd,
Elon Musk is seeking medical stands for his
AI chatbot, Grok, to help improve the platform.
The tech titan wrote October 29th on x,
quote, try submitting X-ray,
PET, MRI, or other medical images to Grok
for
analysis. This is still early stage, but it
is already quite accurate and will become extremely
good. Let us know where GROC gets it
right or needs work, end quote.
Miscar Musk found the company
founded the company behind
grokxai
after departing OpenAI,
the chat GPT developer he helped start in
2015.
While grok isn't the only AI that analyzes
medical images, his crowdsourcing
approach to its
is unique.
3rd,
Oracle is releasing a new AI powered EHR
system, CNBC reported October 29th.
Oracle's new EHR system will come with cloud
and AI features that make it simpler to
use and set up according to the company.
The system has no menus or drop down
screens.
Clinicians can find the information they need just
by speaking. Oracle said it hopes this will
reduce the time clinicians spend looking through records,
freeing them up to focus more time on
patient
care. Seema Verma, executive vice president and general
manager of Oracle Health and Life Sciences, told
CNBC, quote, it's not just a scribe. It's
not an assistant. It's almost like having your
own resident, end quote. According to miss Verma,
Oracle has been developing this new EHR since
acquiring Cerner, but it was not created on
Cerner's original platform.
As a result, current Cerner users will need
to decide if they want to switch over
to the system.
Oracle acquired Cerner for 28,400,000,000
dollars in June 2023.
Last year, Cerner contributed $5,900,000,000
to Oracle's total revenue.
Oracle's early adopter program for its new EHR
will launch in 2025, and the company plans
to collaborate with customers to identify and set
up any customizations they require.
Miss Verma said, quote, we see it as
very disruptive to the market. Our EHR is
going to solve a lot of long standing
problems that we've had in health care, end
quote. If you like the latest health IT
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and health IT review enewsletter through our website
at ww.beccarshospitalreview.com.