Abstract
Researchers detail new data in Artificial Intelligence. According to news reporting originating from West Chester, Pennsylvania, by NewsRx correspondents, research stated, “Integrating Artificial Intelligence (AI) technology in hospitals offers a unique opportunity to improve hospitals’ operating and financial performance. This study is among the first to investigate the determinants and subsequent performance outcomes associated with AI adoption.” Our news editors obtained a quote from the research from West Chester University, “Using an extensive dataset encompassing 941 AI hospital-year observations and 941 non-AI hospital-year observations, we find that hospitals with a larger market share are great candidates to adopt AI. Furthermore, these hospitals can leverage AI technology to enhance various aspects of performance, including total outpatient revenue, total inpatient revenue, productivity, and occupancy. Importantly, we demonstrate that controlling for endogeneity is essential in assessing the performance outcomes of AI adoption.”
NETL
NSTL
Elsevier