Tag: Health care

BusinessFinanceHealthcare

Elevance Health Q3 Profits Surge to $1.18 Billion Amid Cost Management Strategy

Elevance Health announced third quarter net income of $1.18 billion despite increasing medical expenses across its health plans. The health insurer’s revenue grew 12.4% to $50.7 billion, driven by premium yields and Medicare Advantage growth.

Strong Financial Performance Despite Cost Pressures

Elevance Health, the nation’s second-largest health insurer, reportedly achieved $1.18 billion in net income during the third quarter, representing a 17.8% increase compared to the same period last year, according to the company’s earnings report. The performance comes amid what analysts describe as ongoing cost pressures in the healthcare sector, particularly within government-subsidized insurance programs.

by Harlow Wesley
AIInnovationResearch

AI Research Shifts Focus Toward Practical Deployment Beyond Traditional Applications

Multimodal artificial intelligence is expanding beyond conventional vision and language applications to address complex global challenges. A new framework emphasizes early integration of deployment constraints and interdisciplinary collaboration. This approach could accelerate AI implementation in critical areas like healthcare, climate adaptation, and autonomous systems.

The Evolution of Multimodal AI

Artificial intelligence research is undergoing a significant shift toward practical implementation across diverse sectors, according to reports in Nature Machine Intelligence. While multimodal AI has traditionally focused on vision and language applications, analysts suggest the field is now expanding to incorporate broader data types and deployment considerations. This evolution aims to improve understanding, prediction, and decision-making across disciplines including healthcare, engineering, and scientific research.

by Harlow Wesley