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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VR reduces pain, anxiety in pediatric patients

Researchers from the at Children's Hospital Los Angeles have found virtual reality (VR) an effective tool in pediatric pain management during blood draws, according to a study published in the Journal of Pediatric Psychology.

Sorry, what was that? Improving patient satisfaction by listening

Communication between patients and providers is key, but listening can be overlooked amid a hectic work week. In a recent post by Harvard Business Review, researchers outlined the benefits to listening in cases of high-need patients.

Burnout, dissatisfaction with EHRs increase physician turnover

According to a study published in Mayo Clinic Proceedings, physician burnout, dissatisfaction with electronic health records (EHRs) and work-life imbalance are main reasons why physicians leave current positions.

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Humana announces layoffs, long-term care sale, lawsuit against HHS

Humana has announced it will be cutting 1,300 jobs, offering early retirement for 1,150 employees and selling its long-term care insurance business, KMG America Corporation, at a $400 million loss.

Bonuses to be smaller in Medicare’s value-based purchasing program for 2018

A larger percentage of hospitals will receive bonuses and fewer will be penalized under CMS’s Hospital Value-based Purchasing (VBP) program for fiscal year 2018, though the maximum positive payment adjustment will be smaller.

Interactive web platform increases rates of vaccinations

Pregnant women who received vaccine information through an interactive website were more likely to vaccinate their children, according to a study published in Pediatrics.

UPMC spending $2B to build 3 specialty hospitals

University of Pittsburgh Medical Center (UPMC) announced major expansion plans on Nov. 3, proposing to build three hospitals in its home city while not increasing the number of inpatient beds available.

CHS completes 30-hospital selling spree

Franklin, Tennessee-based Community Health Systems (CHS) has completed transactions to divest 30 hospitals this year, though the 127 hospitals it still operates aren’t performing well either, according to industry analysts.

Around the web

Boston Scientific has announced another significant M&A deal, scooping up an Israeli medtech company focused on RDN technology. 

Harvard’s David A. Rosman, MD, MBA, explains how moving imaging outside of hospitals could save billions of dollars for U.S. healthcare.

The recall comes after approximately 3% of patients treated with the device during the early stages of its U.S. rollout experienced a stroke or transient ischemic attack following surgery. The expected stroke rate is closer to 1%, the FDA explained.