readout loud
Is AI dictating patient care?
What happens when your bank falls apart? And can Illumina endure some shareholder activism? We cover all that and more this week on the 250th episode of "The Readout LOUD," STAT's biotech podcast.
STAT reporter Bob Herman joins us to explain how treatment algorithms powered by artificial intelligence are being used more frequently by Medicare Advantage plans to deny claims, even when continued treatment is medically justified. We'll also discuss the latest news in the life sciences, including the continued fallout of the run on Silicon Valley Bank, the return of Carl Icahn, and a long-awaited pharmaceutical megadeal.
Listen here.
Clinical research
Califf wants insurers to support post-market research
FDA Commissioner Robert Califf says that insurance companies need to step up and contribute to the post-approval clinical research on drugs. He added that clinicians report that it's "very hard to do research in the current environment." Califf, who has conducted scads of clinical studies himself, is on the lookout to modernize the way drugs are tested. He's particularly keen on integrating real-world evidence into the system of validating a drug's efficacy and safety.
"I looked at the profits, by the way, on the internet before coming over, and there's a lot of money being made in this business," Califf told AHIP President Matt Eyles in front of an audience of payers. "And it would seem like we ought to all be working together to develop the evidence so we spend the money on the things that work and we don't spend the money on the things that don't work."
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