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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Web-based ICU communication improves patient, provider satisfaction

Researchers at Brigham and Women's Hospital have developed a web-based program that uses team communication and engagement to improve patient experience and outcomes.

Voice recognition, cloud technology allow radiologists to work anywhere

Avreo has released the Avreo Cloud VR, allowing radiologist to use cloud-based speech technology to securely develop image interpretations from anywhere that uses interWORKS.

New Jersey Innovation Institute Recruiting Seventh Cohort for Health IT Connections Program—Business Development for “Scale-up” Health IT Companies

The New Jersey Innovation Institute is calling for applications to participate in the seventh cycle of the successful Health IT Connections program, set to kick off October 6, 2017.

DePuy Synthes all-in-one wrist fracture kit saves time, money

More than 600,000 individuals fracture their wrists each year, with many requiring implantation procedures to heal the small bones. DePuy Synthes has launched its Distal Radius Sterile Kit, a single-use kit full of pre-sterilized instruments needed to perform a wrist fracture procedure, to help providers cut costs.

Recognizing Medicare Advantage as Advanced APM supported by members of Congress

24 members of the U.S. House of Representatives have written CMS asking the agency to include risk-based Medicare Advantage (MA) arrangements to count towards requirements for Advanced Alternative Payment Models (APMs) under the Quality Payment Program (QPP).

Medicare trust fund faces depletion by 2029, but avoids triggering IPAB

The Medicare Hospital Trust Fund is now projected to run out of money by 2029, one year later than in the 2016 report from Medicare Boards of Trustees. As Kaiser Health News explains, the forecast means the Independent Payment Advisory Board (IPAB) won’t be triggered.

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5 things to know about 2018 physician fee schedule, OPPS proposed rules

CMS has released its proposed rules for the 2018 Physician Fee Schedule (PFS), Hospital Outpatient Prospective Payment System (OPPS) and Ambulatory Surgical Center (ASC) Payment System, with the biggest change being halving the Medicare reimbursement for off-campus services.

DWK Life Sciences (formerly DURAN Group) launches a web app. for laboratory labels

DWK Life Sciences GmbH has launched a new web based application to make designing and printing laboratory labels quick and simple: DURAN® Label Creator web app.New DURAN® YOUTILITY labels supplied in a printer ready A4 sheet format accompany the new app.

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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