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.

Moving healthcare technology into the future

The integration of technology into the healthcare industry has changed the way patients access. These changes have increased the need for information technology infrastructures, cybersecurity and data centers.

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Patients more interested in hospital websites, mobile usage, mini clinics

A recent NRC Health "2016 U.S. Healthcare Consumer Insights" report examined online ratings and reviews on hospital websites from patients.

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CMS outlines how it will cut $43B from Medicaid DSH payments

A proposed rule from CMS offered greater detail on the methodology for implementing the Affordable Care Act’s $43 billion in cuts to Medicaid Disproportionate Share Hospital (DSH) payments between 2018 and 2025.

UnitedHealth accused of hiding complaints of Medicare Advantage fraud

The largest Medicare Advantage insurer, UnitedHealth, allegedly concealed hundreds of complaints about fraud and misconduct among its MA sales staff from the federal government to receive payments to which it wasn’t entitled, according to a newly unsealed whistleblower lawsuit.

FDA approved implantable device opens doors for technology within the body

Nucleus 7, a device from Apple and Cochlear, a hearing assistance company, is a surgically implanted sound processor connected to the iPhone to improve the quality of life for impaired patients.

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Annual IT costs as high as $19,000 per doctor for some practices

In 2016, physician-owned practices spent between $2,000 and $4,000 more on IT expenses per full-time-equivalent (FTE) physician, according to Medical Group Management Association’s (MGMA) annual DataDive Cost and Revenue Survey.

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IBM, University of Alberta develop AI capable of predicting schizophrenia

Researchers at IBM and the University of Alberta have developed artificial intelligence (AI) algorithms capable of predicting schizophrenia with 74 percent accuracy.

Competition for pediatric medical devices offers $50,000 in prizes

The National Capital Consortium for Pediatric Device Innovation (NCC-PDI) has announced a competition to develop new technology for pediatric care. The competition will award up to six prizes of $50,000 for innovative medical devices.

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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