Economics

This channel highlights factors that impact hospital and healthcare economics and revenue. This includes news on healthcare policies, reimbursement, marketing, business plans, mergers and acquisitions, supply chain, salaries, staffing, and the implementation of a cost-effective environment for patients and providers.

Advocacy group asks Congress for $377M increase in funds for the FDA
The Alliance for a Stronger FDA said the increase is necessary to pay salaries and cover the organization's ballooning operational expenses.
Mergers and acquisitions fueling Epic’s dominance of EHR market
A new KLAS Research report found that of the 319 hospitals that adopted a new EHR in 2023, 77 chose Epic.
Industry changes are making it easier for cardiologists to start families
One of the biggest decisions in a cardiologist's life is knowing when, exactly, to start a family. Nandita S. Scott, MD, co-director of the Corrigan Women's Heart Health Program at Mass General Hospital, shared her perspective on this important topic.
Rand releases bracing analysis of hospital prices; AHA repudiates approach, methodology
The Rand Corporation is reporting that, in 2022, employers and private insurers paid hospitals an average 254% more than what Medicare would have spent for the same services in the same facilities.
Almost 80% of knowledge workers bring their own GenAI to work
Around the world, 3 of 4 workers who routinely handle information are now using generative AI on the job. And almost half of them are new to the technology, having begun using it only over the past half-year.

Stanson Health partners with Consumer Reports to deliver guidance to patients at the point of care

LOS ANGELES, Dec. 22, 2014 /PRNewswire-USNewswire/ -- Stanson Health, a population health clinical decision support (CDS) and analytics company, announced today that it has licensed health content from Consumer Reports for distribution within Stanson's next-generation CDS solution.

December 22, 2014

Trinity Health adds three-hospital system to portfolio

Trinity Health is set to acquire three-hospital St. Francis Care, reports Modern Healthcare.

December 18, 2014

Nuance Receives High KLAS Rankings for Quality and Clinical Documentation Improvement Offerings

BURLINGTON, Mass.--(BUSINESS WIRE)--Nuance Communications, Inc. (NASDAQ: NUAN) today announced that it has been rated #1 for regulatory reporting in the industry report, “Quality Management 2014: The Race Gets Closer,i” issued by KLAS Enterprises.BURLINGTON, Mass.--(BUSINESS WIRE)--Nuance Communications, Inc. (NASDAQ: NUAN) today announced that it has been rated #1 for regulatory reporting in the industry report, “Quality Management 2014: The Race Gets Closer,i” issued by KLAS Enterprises.

December 17, 2014

N.Y. governor: Insurers must pay for gender reassignment surgery

New York Governor Andrew Cuomo authored a letter mandating that insurance companies cover sex assignment surgery to patients, reports UPI.

December 14, 2014

Partners HealthCare posts $22M loss

Partners HealthCare lost money on operations for the first time since 1999 due to financial losses from its insurance arm, reports The Boston Globe.

December 12, 2014

D.C. hospital close to finalizing $5.2M bankruptcy deal

Washington, D.C.-based Specialty Hospital is close to finalizing a $5.2 million bankruptcy deal that paves the way for a sale to its hedge fund suitor, Silver Point Capital, reports Washington Business Journal.

December 12, 2014

Waiver pits Mass. health orgs against each other

Massachusetts health officials barred hospitals from opening new cardiac catheterization units within 30 minutes of similar services, but regulators exempted Steward Health Care from this ban over the summer. Now rival healthcare systems are crying foul, reports the Boston Globe.

December 10, 2014

Outcomes Based Healthcare and Big Data Partnership Secure Grant for a £1m Project to Use Big Data to Predict Complications of Diabetes

 LONDON, December 9, 2014--Outcomes Based Healthcare, one of the UK's leading health outcomes advisory and technology companies and Big Data Partnership, big data service provider across all industries, today announced that they have secured a match-funded grant for a £1m project from Innovate UK, the UK's innovation agency (formerly the Technology Strategy Board) for a 'Digital Health in a Connected Hospital' funding call. 

December 9, 2014

Around the web

AI in Healthcare

About that bipartisan $32B ‘roadmap’ for AI policy: What’s in it for healthcare?

This week Washington took a major step toward nailing down a solid game plan on federal AI spending for everything outside of defense.

Cardiovascular Business

FDA announces new recall of delivery catheters after patient’s death

The recall includes specific lots of five different medical devices used to treat stroke and other neurovascular diseases.

Cardiovascular Business

FDA warns against use of troubled heart devices, citing ‘continued concerns’ after multiple recalls

The agency is urging healthcare providers to transition away from these devices and seek out alternatives. It is even working with other manufacturers to try and get similar products on the market as quickly as possible.

Economics

Advocacy group asks Congress for $377M increase in funds for the FDA

Mergers and acquisitions fueling Epic’s dominance of EHR market

Industry changes are making it easier for cardiologists to start families

Rand releases bracing analysis of hospital prices; AHA repudiates approach, methodology

Almost 80% of knowledge workers bring their own GenAI to work

Around the web