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.

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Mayo Clinic, Mytonomy partner to develop breast cancer education videos

Mayo Clinic and Mytonomy, a provider of cloud-based patient education and information services, announced a collaboration to develop short videos addressing questions concerning breast cancer treatment.

Who benefits from the American healthcare system

Patients in the United States pay about $5,000 per person on healthcare but are not healthier than people in other countries. In article by The Economist, authors examined exactly where the money goes, and which firms profit the most.

Wolters Kluwer Health acquires Firecracker

Wolters Kluwer Health acquired Firecracker, an adaptive learning and study-planning application used by 20 percent of medical students, following a March 5 announcement of a signed agreement.

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Limiting hours of resident shifts improves satisfaction—but not educational outcomes

Limiting medical residents to 16-hour work shifts, instead of allowing for longer stretches, increased satisfaction with training but did not affect overall educational outcomes. Findings were published March 20 in the New England Journal of Medicine.

ACP's Erickson on administrative tasks, reducing physician burnout

In a March 7 session presented at HIMSS18 in Orlando, Shari Erickson, MPH, vice president of government affairs and medical practice at the American College of Physicians (ACP), discussed how healthcare organizations can reduce administrative tasks to reduce physician burnout.

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50% of consumers would change physicians for a better online healthcare experience

A report presented March 5 at HIMSS found 59 percent of American consumers want a healthcare digital customer experience to be more like online retailers.

AHIMA lists 3 ways to better prepare for audits

In a recent article from the American Health Information Management Association (AHIMA), experts discussed three possible methods to reduce the increasing amounts of audits received by providers and health information management professionals.

Moody’s reports medical device industry may see up to 5% growth

The future of the medical products and device industry is brightening, according to Moody’s investors Service, which upgraded its outlook from stable to positive. Moody’s predicts “continued product innovation” and synergies from acquisitions will drive growth of earnings before interest, depreciation and amortization (EBITDA) of between 4 and 5 percent over the next 12 to 18 months.

Around the web

Compensation for heart specialists continues to climb. What does this say about cardiology as a whole? Could private equity's rising influence bring about change? We spoke to MedAxiom CEO Jerry Blackwell, MD, MBA, a veteran cardiologist himself, to learn more.

The American College of Cardiology has shared its perspective on new CMS payment policies, highlighting revenue concerns while providing key details for cardiologists and other cardiology professionals. 

As debate simmers over how best to regulate AI, experts continue to offer guidance on where to start, how to proceed and what to emphasize. A new resource models its recommendations on what its authors call the “SETO Loop.”