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.

Wellpepper wins $125K, first prize in Amazon Alexa Diabetes Challenge

The Alexa Diabetes Challenge, a competition searching for innovators to develop a type 2 diabetes care platform utilizing the Amazon voice-enabled device, has awarded a grand prize of $125,000 to Wellpepper and its Sugarpod concept. The Challenge was sponsored by Merck & Co., supported by Amazon Web Services and run by Luminary Labs.

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. 

Around the web

CMS finalized a significant policy change when it increased the Medicare payments hospitals receive for performing CCTA exams. What, exactly, does the update mean for cardiologists, billing specialists and other hospital employees?

Stryker, a global medtech company based out of Michigan, has kicked off 2025 with a bit of excitement. The company says Inari’s peripheral vascular portfolio is highly complementary to its own neurovascular portfolio.

RBMA President Peter Moffatt discusses declining reimbursement rates, recruiting challenges and the role of artificial intelligence in transforming the industry.