Medical Care
Forbes Healthcare Summit: AI Boosts Healthcare Quality & Cuts Costs
2024-12-05
Dec. 4 (UPI) — At the 2024 Forbes Healthcare Summit in New York City, it was emphasized that artificial intelligence can significantly enhance the effectiveness and affordability of healthcare delivery. Ajay Shah, the co-founder and CEO of Cytovale, stated that AI tools are aiding patients in maintaining better health while caregivers are reducing their healthcare delivery costs. Cytovale is the producer of the IntelliSep AI tool specifically designed for diagnosing sepsis, a common, costly, and difficult-to-diagnose condition.When questioned about the healthcare benefits of AI tools like IntelliSep, Shah explained, "The conversation mainly revolves around the clinical operation and financial advantages for hospitals and healthcare systems." He further added, "Over the past year, we have been able to showcase a reduction in the length of stay by more than a day for each patient tested with IntelliSep. This is the result of enabling physicians and providers to make the correct diagnosis from the very first minute of a patient's visit, thereby dramatically altering their care pathways."Shah also highlighted the significance of addressing sepsis. "The long-term effects of sepsis are truly substantial. Promptly providing aggressive care to patients improves their long-term outcomes and reduces costs." The healthcare summit, an annual event sponsored by Forbes and attended by leaders in the $4 trillion healthcare industry, showcases the potential of AI.The National Institutes of Health reported in 2021 that AI is a powerful and disruptive area of computer science with the potential to fundamentally transform medical practice and healthcare delivery. It can assist healthcare systems worldwide in achieving the four-part goal of improving population health, patient care, caregiver experiences, and lowering healthcare delivery costs.The recent COVID-19 pandemic exposed the shortages in the available healthcare workforce and the inequities in accessing care. The NIH believes that AI could help alleviate these issues. "The application of technology and artificial intelligence in healthcare has the potential to address some of these supply-and-demand challenges," the NIH stated.President Joe Biden also recognizes the importance of AI. Last year, he issued an executive order requiring the federal government to "prioritize generative AI and other critical and emerging technologies" to accelerate their responsible use in healthcare systems and other industries.Biden emphasized, "AI holds extraordinary potential for both promise and peril. Responsible AI use can help solve urgent challenges and make our world more prosperous, productive, innovative, and secure. However, irresponsible use could exacerbate societal harms. Mitigating these risks requires a society-wide effort involving government, the private sector, academia, and civil society."The Healthcare Summit aligns with Biden's executive order. "The AI revolution is opening up new avenues for discovering drugs, personalizing medicine, and even managing a doctor's paperwork," the Healthcare Summit organizers stated. This invitation-only annual event at Murphy Alumni Hall, NYU Langone Health, is the 13th one held by Forbes.
Global Food & Beverage Brands Adopt 2D Barcodes for Transparency
2024-12-05
The adoption of 2D Barcode technology by global food and beverage brands has been a game-changer. It continues to enhance transparency, operational efficiency, and consumer engagement. Several international brands have joined forces to support the adoption of next-generation barcodes in retail. This new technology holds the promise of streamlined operations, improved transparency, and enhanced consumer engagement for the food and beverage industry.

Unlock New Value with 2D Barcode Technology

Enhanced Transparency through 2D Barcodes

The 2D Barcode technology allows for more than just a simple scan. It provides instant access to a wealth of product information such as ingredients, allergen warnings, verified sustainability certifications, and even the product's journey through the supply chain. This level of transparency is crucial in building trust with consumers and ensuring the safety and quality of food and beverages. For example, a consumer can quickly scan a barcode and know exactly what is in the product they are about to purchase, including any potential allergens. This gives them the peace of mind they deserve and helps brands meet the evolving food safety standards.

Moreover, the advanced codes connect consumers to real-time data. This means that brands can update product details in real-time without having to reprint labels. This leads to flexibility, sustainability, and reduced cost. It also allows for dynamic updates to content, enabling brands to adapt to changing market needs and consumer preferences.

Streamlined Operations with Next-Generation Barcodes

In retail, the most common next-generation barcode is the QR Code that follows GS1 standards. GS1 is a not-for-profit organisation that is rolling out these barcodes across the continent. These barcodes act like traditional QRs but with one major difference - they can be scanned at retail point-of-sale, just like a traditional barcode. This paves the way for a global migration to GS1-powered QR Codes in the retail industry.

For producers and retailers in the food industry, this means streamlined operations. They can quickly and easily access product information and update it as needed. This saves time and reduces errors, leading to more efficient operations and improved customer service. For instance, a retailer can quickly update the price or availability of a product by scanning the barcode and making the necessary changes in real-time.

Collaboration for Global Adoption

The exciting part of this movement is the collaboration between international retailers and brands. They have aligned as signatories on a global industry endorsement statement to drive the adoption of the next-gen technology. This recognition of its value across the entire supply chain is crucial for its success.

Companies like Procter & Gamble, Mondelez, and Nestle have made a collective commitment to this cause. They understand that those retailers and brands that accelerate through this transformation the fastest will be best positioned to unlock new valuable capabilities and deliver more benefits to their customers, shoppers, and consumers. This collaborative effort is driving the adoption of 2D Barcode technology worldwide.

Opportunity for Australian Food and Beverage Industry

The introduction of next-generation barcodes in Australia presents an opportunity for retailers and brands to innovate in an increasingly complex trading environment. The technology not only enhances operational efficiency but also helps brands meet the evolving food safety, traceability, and environmental standards that are shaping the future.

Maria Palazzolo, CEO at GS1 Australia, believes that "The next generation of barcodes will mean greater visibility and control across supply chains." This technology is a cornerstone in maintaining transparency, which is increasingly important to consumers. It allows for seamless tracking and tracing of products, ensuring that consumers can trust the origin and quality of their food and beverages.

Beyond safety, sustainability is also a key focus. Next-generation barcodes will enable brands to share sustainability efforts with shoppers and consumers directly. They can provide information on carbon footprint, water usage, sustainable sourcing practices, and more. This gives consumers the opportunity to make more informed choices and support brands that are committed to sustainability.

Reshaping the Shopping Experience

While the global and local push for next-generation barcodes is gaining momentum, the transition will take time. GS1 is working with Australian retailers, brands, and regulatory bodies to ensure a smooth rollout. Australian consumers can expect to see more of the new barcodes on their favourite products soon.

Industry leaders are confident that this shift will redefine how Australian consumers interact with their products. From ensuring the authenticity of locally sourced produce to providing allergen and sustainability details with just a scan, the next-generation barcodes are set to reshape the Australian shopping experience. It will make shopping more convenient, transparent, and sustainable for consumers.

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TxDOT Starts $28M Construction on FM 2590 in Amarillo & Canyon
2024-12-05
Amarillo, Texas is witnessing yet another significant construction project on FM 2590, also known as VFW Road. This $28 million initiative from South State Loop 335 to US 60 in Canyon has kicked off this week. On average, an impressive 6,000 to 10,000 people traverse these roads daily. The project encompasses essential elements such as traffic light installations and the creation of right and left turn lanes at key intersections like Country Club Road, Hunsley Road, Lair Road, and McCormick Road. Additionally, crews are focused on drainage upgrades and overlay operations.

Business Perspectives on the Construction

Jordon Snider, the owner of Sticky Chikky, has voiced concerns about the traffic congestion and safety issues during busy times. "Especially in the busy periods, the cars back up significantly, and with a speed limit of 55 miles per hour, stopping to turn on McCormick off of VFW and Soncy becomes quite dangerous. A light and a turning lane are clearly needed," he stated. Despite the challenges, local businesses like Sticky Chikky are looking forward to the updates. "It's going to be a net positive. Although we'll experience some growing pains during the construction, it will ultimately be beneficial for the community and the surrounding businesses. In the end, easier access and more traffic will lead to more business, which is great," added Snider.The construction is set to have a profound impact on the local business landscape. It will not only improve traffic flow but also enhance the overall accessibility and convenience for both residents and visitors. This, in turn, is expected to boost economic activities and stimulate growth in the area.

Traffic and Safety Implications

The increased traffic volume due to the construction poses significant challenges for both drivers and pedestrians. TxDOT emphasizes the importance of driving with caution and reducing speeds in the work zones. With the addition of traffic lights and turn lanes, the aim is to minimize accidents and ensure the safety of all road users. The project team is working diligently to manage the traffic flow and keep the construction area as safe as possible.Moreover, the drainage upgrades are crucial for preventing flooding and maintaining the integrity of the roads. The overlay operations will also improve the surface quality and durability of the pavement, reducing the need for frequent repairs in the future.

Funding and Timing Considerations

Many have expressed concerns about the sheer number of projects happening in the Amarillo District. TxDOT explains that one of the main factors is funding. When funds become available and the deadline to use them approaches, projects like this one move forward. "It's a matter of timing and funding and contractor availability. If we don't utilize the funds, we might miss the opportunity, and some much-needed projects could be delayed," said Jason Britsch, spokesperson for TxDOT Amarillo District. The agency is committed to managing the projects efficiently and ensuring that the benefits outweigh the temporary disruptions.Despite the challenges, the Amarillo District remains focused on improving the infrastructure and providing better services to the community. The VFW Road project is just one of many initiatives aimed at enhancing the transportation network and promoting economic development.The project on VFW is expected to be completed in early 2027, bringing much-needed improvements to the area. TxDOT thanks the public for their patience and cooperation during the construction process.
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