logo
HA to slash costs by $1bn in efficiency drive

HA to slash costs by $1bn in efficiency drive

RTHK21-07-2025
HA to slash costs by $1bn in efficiency drive
HA Chief Executive Tony Ko (centre) says measures have been taken in various departments to compress costs and reduce staff workload. Photo: RTHK
The Hospital Authority (HA) said a series of measures it has undertaken to streamline workflow and its procurement system could translate into savings of HK$1 billion, while patients would benefit through cheaper and a wider choice of medications.
In a press briefing, the authority's chief pharmacist William Chui said a cost assessment panel set up to negotiate with pharmaceutical firms has paid dividends.
'We would negotiate the price based on scientific research and advice by medical economists,' he said, adding they would take reference from prices on the mainland.
As a result, Chui revealed that seven out of 10 suppliers have agreed to lower drug prices, with an average reduction of 20 percent.
HA Chief Executive Tony Ko, meanwhile, gave updates on the use of artificial intelligence tools to enhance efficiency and ease the workload of frontline staff.
He pointed to a Smart Antibiotic Stewardship Programme which can automatically identify potentially inappropriate use of antibiotics through protocol-driven algorithm.
Officially rolled out in January 2024, Ko said the tool saved time and effort as medics no longer had to comb through different databases to obtain patients' records.
'In the past, before we have this AI initiative, we need the expert colleagues, for example, our infectious disease expert or microbiology expert, to look into the various laboratory results to check the patient's conditions…before you decide whether you need to change antibiotics,' Ko said.
'We developed our own clinical management system for almost 30 years, and all the data are within our systems. Instead of asking people to do it manually, to check whether a certain patient still needed a certain broad-spectrum antibiotic, now it's all in the system and automated.'
The HA has also been using automated tools to tackle the large number of medical and discharge reports, with around 100,000 such requests received annually.
Ko said 80 percent of these reports can be generated by AI, reducing the time staff typically spent on this task by 40 percent, and their workload by one-third.
Every report will be manually verified to ensure accuracy, he added, while complex cases still have to be handled entirely by physicians.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

HK stocks end week down amid tariff worries
HK stocks end week down amid tariff worries

RTHK

time14 hours ago

  • RTHK

HK stocks end week down amid tariff worries

HK stocks end week down amid tariff worries The Hang Seng Index ended 265 points, or 1.07 percent, at 24,507 on Friday. File photo: RTHK Mainland and Hong Kong stocks extended their declines on Friday, posting their steepest weekly losses since April, weighed down by soft domestic economic data and worries over global trade following US President Donald Trump's new tariffs. In Hong Kong, the benchmark Hang Seng Index dropped 265 points, or 1.07 percent, to end at 24,507 while the Hang Seng China Enterprises index fell 0.88 percent to 8,804. For the week, the index plummeted 3.47 percent, recording the first weekly loss in a month and dropping by the most since early April. On the mainland, the benchmark Shanghai Composite Index ended down 0.37 percent to 3,559 while the Shenzhen Component Index closed 0.17 percent lower at 10,991. The blue-chip CSI300 index lost 0.51 percent. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 0.24 percent to close at 2,322. For the week, the Shanghai index slipped by 0.94 percent and the CSI300 dropped by 1.75 percent, with both indexes booking their first weekly losses in six and down by the most since early April when Trump first initiated reciprocal tariffs. "The US deals with other economies will also affect China's trade outlook," economists at ANZ said in a note on Friday. "If the US fully enforces around 20 percent tariffs and 40 percent transshipment tariffs on Asean, which accounted for 17.8 percent of China's exports in the first half of this year, the supply chain activity in the region will be strained." China's factory activity contracted in July, both official and private surveys showed, suggesting the economy lost momentum following robust growth in the first half of the year. "After a more resilient than expected trade environment in the first half of 2025, momentum could soften a bit further in July," said Lynn Song, chief economist for Greater China at ING, noting that market attention will be shifted to trade data due on Thursday for more clues on the health of the broad economy. Around the region, Tokyo, Sydney, Singapore, Mumbai, and Bangkok were all down. In Seoul, the Kospi stock index fell 3.9 percent, its biggest daily drop since April 7, as the government's proposal to raise taxes on corporate income and stock investments raised questions from investors over its market reform push. (Agencies/Xinhua)

HK stocks end week down amid tariff worries
HK stocks end week down amid tariff worries

RTHK

time14 hours ago

  • RTHK

HK stocks end week down amid tariff worries

HK stocks end week down amid tariff worries The Hang Seng Index ended 265 points, or 1.07 percent, at 24,507 on Friday. File photo: RTHK Mainland and Hong Kong stocks extended their declines on Friday, posting their steepest weekly losses since April, weighed down by soft domestic economic data and worries over global trade following US President Donald Trump's new tariffs. In Hong Kong, the benchmark Hang Seng Index dropped 265 points, or 1.07 percent, to end at 24,507 while the Hang Seng China Enterprises index fell 0.88 percent to 8,804. For the week, the index plummeted 3.47 percent, recording the first weekly loss in a month and dropping by the most since early April. On the mainland, the benchmark Shanghai Composite Index ended down 0.37 percent to 3,559 while the Shenzhen Component Index closed 0.17 percent lower at 10,991. The blue-chip CSI300 index lost 0.51 percent. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 0.24 percent to close at 2,322. For the week, the Shanghai index slipped by 0.94 percent and the CSI300 dropped by 1.75 percent, with both indexes booking their first weekly losses in six and down by the most since early April when Trump first initiated reciprocal tariffs. "The US deals with other economies will also affect China's trade outlook," economists at ANZ said in a note on Friday. "If the US fully enforces around 20 percent tariffs and 40 percent transshipment tariffs on Asean, which accounted for 17.8 percent of China's exports in the first half of this year, the supply chain activity in the region will be strained." China's factory activity contracted in July, both official and private surveys showed, suggesting the economy lost momentum following robust growth in the first half of the year. "After a more resilient than expected trade environment in the first half of 2025, momentum could soften a bit further in July," said Lynn Song, chief economist for Greater China at ING, noting that market attention will be shifted to trade data due on Thursday for more clues on the health of the broad economy. Around the region, Tokyo, Sydney, Singapore, Mumbai, and Bangkok were all down. In Seoul, the Kospi stock index fell 3.9 percent, its biggest daily drop since April 7, as the government's proposal to raise taxes on corporate income and stock investments raised questions from investors over its market reform push. (Agencies/Xinhua)

'HK can play key role in burgeoning space economy'
'HK can play key role in burgeoning space economy'

RTHK

time14 hours ago

  • RTHK

'HK can play key role in burgeoning space economy'

'HK can play key role in burgeoning space economy' Professor Alfred Ho calls for collaboration among sectors in developing a space economy in Hong Kong. Photo: RTHK Hong Kong can foster collaboration between different sectors to develop a space economy locally, researchers said. That call came in a report, titled "Soaring into Space: Exploring the Industrial Opportunities of the New Space Economy for Hong Kong", which was jointly released by the Federation of Hong Kong Industries and City University. The dean of the university's college of liberal arts and social sciences, Alfred Ho, says Hong Kong's biggest advantages lie in its researchers at different universities that draw talent from the mainland and overseas and being a financial centre and having a good legal system. "I think Hong Kong can lead and also coordinate many forces and interests to participate in the new space economy," the professor said. For instance, the report suggests that Hong Kong fully leverage opportunities presented by the Hong Kong-Shenzhen Innovation and Technology Park to collaborate on resource and research developments. Ho added that since the space economy – which is still in its infancy and can involve the use of space technology by either governments or firms for such purposes as better satellite images for agricultural production – concerns industries from land development to even marine-related economic activities, Hong Kong can play the role of connecting all these sectors. He says institutions and companies are doing research right now individually, but that they need to work together in order to advance the space economy. "We are in a very initial stage, hopefully our report will kick-start some discussion." First released online in January, the report was updated as more places such as the Middle East and the European Union started to invest in the space economy.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store