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.

DOJ drops Medicare Advantage fraud suit against UnitedHealth

The U.S. Department of Justice (DOJ) has abandoned a lawsuit against UnitedHealth over allegations the insurer submitted false claims in its Medicare Advantage plans, though a similar case remains active.

Tenet selling Chicago-area hospitals

Financially-strapped Tenet Healthcare has sold one of its hospitals in the Chicago area and is looking for buyers for three more, according to the Chicago Tribune.

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Data governance is on the rise, but still faces barriers

Dimensional Insight, developers of business intelligence solutions, has released a survey on current data governance within hospitals in America. The survey includes responses from CIOs and CMIOs in an overview of current data governance initiatives with an eye toward the future of implementation.

Phone calls more effective to remind people of colon cancer screening

Phone calls are significantly more effective than text messages and letters at reminding patients about cancer screenings, according to a study published in the Journal of General Internal Medicine.

28% use internet, mobile apps as primary sources of health information

American consumers are becoming increasingly dependent on technology for self-care, care information and communication with providers, according to a UnitedHealthcare's 2017 Consumer Sentiment Survey.

Google AI has IQ of 47, about that of 1st-grader

Artificial intelligence (AI) has a long way to go before taking on first graders, according to a report published in Annals of Data Science. The report aims to unite AI and human characteristics to improve overall knowledge of AI.

Machine learning can expedite diagnosis of colorectal cancer

A machine learning tool could help physicians in predicting the onset of colorectal cancer as much as a year before the cancer progresses, according to a study published in Digestive Diseases and Sciences. 

Donations to U.S. nonprofit hospitals up 5% in 2016

Nonprofit hospitals and health systems in the U.S. raised more than $10.1 billion in fiscal year 2016, a 5 percent jump from the year before, while their Canadian counterparts saw their first increase in donations since 2013.

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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