ZorroCard Round Up (10/29/24)

Hey all,

Today's rundown is many shades of the problems in US healthcare. Enjoy!

Jacob Brody (Co-Founder & CEO, ZorroCard

AI-Powered Hospital Transcription Tool Fails (Associated Press) 

OpenAI’s Whisper, an AI tool used for transcription in hospitals and other settings, is under scrutiny for generating false text, often termed “hallucinations.” Researchers report that Whisper can invent content not spoken, sometimes including inappropriate or incorrect information, like fabricated medical details or offensive language. Many are unsure whether these AI-generated errors pose unique risks greater than traditional documentation mistakes. Full Article.

Patient Access Barriers and Insurance Issues (Cost Curve) 

Brian Reid breaks down data from a recent PhRMA/Ipsos poll. He highlights the worsening patient experiences in U.S. healthcare, emphasizing findings showcasing high barriers in accessing prescription medications. Key findings include that 41% of respondents faced difficulties accessing prescribed medications in the past year, with significant obstacles like prior authorization and formulary exclusions reported by many. Coupled with rising access challenges in Medicare Part D plans, these hurdles undermine medication adherence and patient health outcomes. Full Article.

2025 Healthcare Stop-Gap Measures (The Keckley Report)

Paul Keckley highlights eight pressing healthcare issues, with states expected to lead regulatory efforts in areas like AI in care management, price transparency, and Medicare Advantage reforms. As healthcare access, physician compensation, and private equity oversight face public dissatisfaction, these stop-gaps act as temporary fixes until more robust solutions can be implemented. Keckley suggests these measures reflect both industry pressures and voter demands for change. Full Article.