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Welcome to your briefing:

• AI ROUNDUP: AI algorithms pushing content romanticizing suicide to children

• INDUSTRY ROUNDUP: Error rates in radiology have not changed in 75 years

• WELLNESS BYTES: I’m a Neurologist. Here’s the one thing I do every day for my long-term brain health

• INSIGHTS CORNER: Surge in state AI legislations: 50 bills introduced weekly

• TRIVIA: When did the Lister Hill National Center first show that computers could be used for medical diagnostics, signaling an early milestone in healthcare AI?

AI ROUNDUP

WATCH THIS

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• OpenAI gives ChatGPT a memory (Read More)

• 3 generative AI blind spots health execs need to recognize (Read More)

• AI algorithms pushing content romanticizing suicide to children (Read More)

• AI chatbots provide inconsistent musculoskeletal health information (Read More)

• AI, VR therapist demonstrates potential for mental health support (Read More)

• Better than a real man: young women turn to AI boyfriends (Read More)

• How AI is helping build smart hospitals that deliver better patient care (Read More)

• FDA facilitates AI and ML use for clinical trials and drug development (Read More)

• Radiologists compete on chest x-rays reads with and without AI (Read More)

INDUSTRY ROUNDUP

• Error rates in radiology have not changed in 75 years (Read More)

• Telehealth industry pushes DEA on Red flags for prescriptions (Read More)

• Elevance Health, Blue Cross of Louisiana call off $2.7B merger (Read More)

• 48% of employers are doubling down on fertility benefits (Read More)

• Autoimmune disease support might be the next big benefit in healthcare (Read More)

• Major shift: Health insurers are suddenly coveting sicker patients (Read More)

WELLNESS BYTES

• I’m a Neurologist. Here’s the one thing I do every day for my long-term brain health (Read More)

• Tai chi reduces blood pressure better than aerobic exercise (Read More)

• Want to get smarter? Research shows exercise helps you concentrate better, learn faster (Read More)

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INSIGHTS CORNER

#1- Surge in state AI legislations: 50 bills introduced weekly

States are tackling AI with unprecedented speed, launching 50 bills per week. This legislative boom, a six-fold jump to 407 bills across the U.S., signals a decisive move to address AI's challenges in the absence of federal regulation.

Key Insights:

• Deep Dive into Deepfakes: Almost half the legislation zooms in on deepfakes, spotlighting concerns over digital deception.

• State Action: From California’s licensing proposal for AI models to Tennessee's copyright-focused ELVIS Act, states are leading with innovative approaches.

• Diverse Targets, Unified Concern: The legislative efforts span a wide array of concerns, from bias and discrimination to the implications of AI in elections and copyright law. This diverse legislative landscape is matched by a consensus on the need for safeguards against the misuse of AI technologies.

• Industry and Advocacy at a Crossroads: Advocates caution against over-regulation favoring big tech, while states press on, shaping the AI regulation landscape.

Looking Ahead: As state governors convene in Washington D.C., the spotlight turns to their collective capacity to harmonize AI legislation and executive actions, offering a pivotal moment for shaping the future of AI governance.

Read more here

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#2 - 2024's Top 5 health & wellness trends

As we step into 2024, a staggering 58% of Americans are putting their wellness front and center, more than ever. This surge in health consciousness is steering us toward five game-changing trends:

1. Home is Where Health is: From vitamins to cholesterol, 26% of Americans are now turning to at-home diagnostics, reshaping the concept of preventive care. In China, this preference even replaces traditional doctor visits for 35% of consumers.

2. The Rise of Smart Wearables: Fitness gadgets are old news. Today, it's about wearables that monitor sleep quality and blood sugar levels, with 75% of consumers expressing openness to their future use and one-third increasing their usage over the past year.

3. AI + Personalization: With AI at the helm, bespoke health solutions are not just a preference but a demand, especially among the younger demographic, with one in three millennials seeking personalized products and services.

4. Clinical Trumps Clean: The tide has turned from natural allure to clinical assurance, with 50% of consumers in the UK and US prioritizing clinical effectiveness over "clean" labels in their health products.

5. Trust in Expertise: Amidst the noise, doctor endorsements have emerged as a beacon of trust, influencing decisions across wellness categories, with healthcare provider recommendations ranked as the third-highest source of influence on consumer health and wellness decisions in the US.

Key Takeaway: 2024 marks a pivotal year where convenience, technology, and credibility redefine consumer health. The focus? Tailored, tech-driven, and trusted wellness solutions. For businesses, the message is clear: adapt to these shifts with innovative, consumer-centric offerings to stay ahead, backed by solid metrics that reflect the evolving preferences of today's health-conscious consumer.

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#3- Seven emerging growth sectors in wellness

1. Women’s Health: Women's health is finally getting the attention it deserves. From menstrual care to menopause and pregnancy products, spending is up. Notably, only 5% of FemTech start-ups cater to menopause, hinting at vast untapped potential across women’s health sectors.

2. Healthy Aging: With 70% of consumers in the UK and US, and 85% in China investing more in aging healthily, the demand spans generations. This broad interest underlines a universal shift towards longevity and preventive care, urging companies to offer solutions that resonate across age groups.

3. Weight Management: In the US, 60% are trying to shed weight, with over half viewing prescription medication as effective. This openness to pharmacological solutions, alongside traditional methods, signals a diversifying approach to weight management.

4. In-Person Fitness: Fitness is more than activity; it's identity, especially among younger consumers. The challenge for fitness businesses is to evolve, integrating community building and personalized services, to keep pace with consumer expectations.

5. Gut Health: Over 80% of consumers prioritize gut health, with a desire for more supportive products. The market is ripe for innovation in probiotics, at-home testing, and personalized nutrition, responding to a clear demand for gut health solutions.

6. Sexual Health: With 87% of US consumers maintaining or increasing their spend on sexual health products, the market is expanding into new retail spaces. This evolution presents opportunities for brands to destigmatize and democratize sexual health.

7. Sleep: Despite its priority, sleep remains a sector with unmet needs. The challenge lies in addressing the multifaceted causes of poor sleep, opening avenues for solutions that offer a holistic improvement to sleep quality.

Takeaway: As wellness becomes increasingly integral to consumer lifestyles, the opportunities for growth span from women's health to sleep, each requiring a nuanced understanding of consumer needs and innovative solutions. The call to action for businesses is clear: adapt, personalize, and innovate to meet the diverse wellness demands of today's health-conscious consumer.

AI TRIVIA

HEALTHCARE CONFERENCES

MARCH 

• March 8-12: SXSW Health and MedTech Track 2024 (Austin, TX)

• March 11-15: 2024 HIMSS Global Health Conference (Orlando, FL)

• March 11-12: Fierce BD&L Summit for Life Sciences (San Francisco, CA)

• March 12-15: Health Industry Distributors Association (HIDA) Executive Conference (Amelia Island, FL)

• March 12-14: AHIP 2024 Medicare, Medicaid, Duals & Commercial Markets Forum (Baltimore, MD)

• March 18-20: Fierce Trial Master File Summit (Savannah, GA)

• March 21: STAT 2024 Breakthrough Summit East (NYC & virtual)

• March 25-28: American College of Healthcare Executives Congress on Healthcare Leadership (Chicago, IL)

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