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.

Maine insurance co-op sues over blocked CSRs

Health insurance co-op Maine Community Health Options (MHCO) has filed a lawsuit against the federal government over the Trump administration’s decision to stop making cost-sharing reduction subsidies, or CSRs.

Direct statement of uncertainty harms patient-provider relationship

Explaining diagnostic uncertainty directly to patients results in lower perceived trust and adherence to physician advice, according to a study published in the International Journal for Quality in Health Care.

Hospital groups to appeal dismissal of 340B lawsuit

The American Hospital Association, America’s Essential Hospitals, the Association of American Medical Colleges and three health systems will appeal the dismissal of its lawsuit seeking to block $1.6 billion in cuts to Medicare payments made through the 340B drug discount program.

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Machine learning system detects 10 outbreaks of foodborne illness from Yelp reviews

Columbia University and the New York City Department of Health and Mental Hygiene (DOHMH) have developed a machine learning computer system that uses keywords found on Yelp reviews to identify foodborne illnesses and outbreaks. Findings are published in the Journal of the American Medical Informatics Association.

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New voluntary bundled payment model announced by CMS

Later this year, providers wanting to take advantage of the 5 percent bonus for participating in an Advanced Alternative Payment Model (AAPM) can join the new Bundled Payments For Care Improvement-Advanced Model (BPCI-A) launched by CMS on Jan. 9.

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Penn Medicine completes acquisition of Princeton HealthCare

The University of Pennsylvania Health System, also known as Penn Medicine, has finalized its acquisition of the Plainsboro, New Jersey-based Princeton HealthCare System (PHCS) extending its reach into the Garden State.

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Patient portals do not improve hospital outcomes

Patient portals are meant to improve patient knowledge and engagement, but the current use of portals has not produced significant differences in outcomes, according to a study published in the Journal of Informatics in Health and Biomedicine.

FDA clears Excel Medical predictive algorithm for patient monitoring

Excel Medical has received FDA clearance for WAVE Clinical Platform, a remote patient monitoring and predictive algorithm.

Around the web

Updated compensation data includes good news for multiple subspecialties. The new report also examines private equity's impact on employment models and how much male cardiologists earn compared to females.

When drugs are on the FDA’s shortage list, outsourcing facilities can produce their own compounded versions. When the FDA removed tirzepatide from that list with no warning, it created a considerable amount of chaos both behind the scenes and in pharmacies all over the country. 

If passed, this bill would help clinician-led clinical registries explore Medicare data for research purposes. The Society of Thoracic Surgeons and American College of Cardiology both shared public support for the bipartisan legislation. 

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