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Forbes
8 minutes ago
- Forbes
Key Takeaways For CIOs From Epic UGM 2025
Epic's latest UGM conference followed the industry trend: another major tech event dominated by AI agent announcements. CIOs are focusing on strategies that improve patient care, streamline operations, and strengthen data security in a digital-first environment. These three themes from the UGM conference not only stand out but also carry significant strategic implications for the future of healthcare IT. Ambient Solution Is a Commodity Ambient documentation has crossed into commodity territory. Epic is embedding an ambient solution through its Microsoft partnership as part of the EMR, cementing that reality, but questions remain. How will pricing shake out? And for organizations already piloting Microsoft Dragon Copilot, will physician-level customizations transfer cleanly, or will workflows need rebuilding? CIOs must factor that transition risk into every decision. Health systems that are investors with early-stage, ambient, standalone vendors won't jump ship quickly. Many will wait for a favorable exit because in venture capital and private equity, an exit is always a possibility. The real issue is timing and whether it aligns with CIOs' operational roadmaps. As ambient becomes standard, point-solution vendors face a make-or-break moment. They must layer on new capabilities, go deeper into the EHR, or pivot to adjacent problems. CIOs need to identify which partners have staying power once the ambient advantage disappears. Cosmos Cosmos is becoming Epic's crown jewel. With de-identified data from more than 300 million patients and 16 billion encounters, Epic sits on a prediction engine at unmatched scale. Its partnership with Yale and Microsoft Research produced CoMET, a model trained on 151 billion events that learns by forecasting the next step in a patient's health journey. Epic stress-tested the CoMET model across 78 real-world tasks, including diagnosis prediction, disease prognosis, and healthcare operations. The model performed just as well as or better than specialized predictive models without requiring much fine-tuning. CoMET will deliver tools like Median Length-of-Stay for Discharge Planning, pushing predictive AI straight into operations. As the dataset grows, the models get stronger, and stronger models deliver sharper insights. CIOs and healthcare operators must act now to embed these predictions into their operational workflow. Universal Patient ID Epic hasn't announced plans for a universal patient ID, but the pieces are in place and the path is clear. Patients juggling multiple MyChart accounts or moving across systems want one login. Epic announced MyChart Central, a feature that will allow patients to connect their records from different providers using a single Epic-issued ID. Through a partnership with CLEAR, patients can now verify their identity securely with biometrics. This integration streamlines account creation and recovery in both MyChart and EpicCare Link, cutting administrative workload while strengthening security across the enterprise. As more standalone solution capabilities fold into Epic's EMR platform, a larger question emerges: Will market consolidation leave enough competition to drive real innovation? Healthcare leaders must balance the appeal of a comprehensive solution with the industry's need for diverse and inventive players.
Bloomberg
11 minutes ago
- Bloomberg
Taiwan $235 Billion Pension Avoids Hong Kong Firms for Mandates
One of Taiwan's largest pension funds has guided outside firms against using Hong Kong-registered entities to manage its money, according to people familiar with the matter, underscoring the geopolitical challenges facing the financial hub as it deepens ties with mainland China. The Bureau of Labor Funds, which manages about $235.2 billion, has been verbally asking third-party managers to exclude Hong Kong entities from its contracts since last year, the people said, asking not to be identified because the information is private.
Bloomberg
11 minutes ago
- Bloomberg
North Korea Reportedly Has Secret Missile Base Near China
North Korea has quietly built and operated a sprawling long-range missile base near the Chinese border that stores Kim Jong Un's most advanced strategic weapons, demonstrating the regime's ongoing efforts to advance its nuclear strike capabilities, a think tank said. The base in Sinpung, North Pyongan Province, located 27 kilometers (17 miles) from the border with China, likely houses a brigade-sized unit equipped with six to nine nuclear-capable intercontinental ballistic missiles and their mobile launchers, a report by the Center for Strategic and International Studies showed Wednesday. 'These missiles pose a potential nuclear threat to East Asia and the continental United States,' the report said.
