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.

Mount Sinai Health System Named 2017 Most Wired

Mount Sinai Health System has been named among “Health Care’s Most Wired®,” according to 2017 survey results released this week by the American Hospital Association’s (AHA) Health Forum, and published in the July issue of Hospitals & Health Networks (H&HN).

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House’s HHS budget defies Trump on NIH funding, keeps ONC cuts

President Donald Trump had proposed a 16 percent cut across HHS in his budget blueprint for fiscal year 2018, but the Republican majority on the House Appropriations Committee added $14.5 billion over his request in its own budget proposal released on July 12.

Abbott, Bigfoot Biomedical partner to offer diabetes management

Abbott Laboratories and Bigfoot Biomedical have partnered to develop diabetes management systems by integrating Abbott’s FreeStyle Libre glucose sensing technology with Bigfoot’s insulin delivery solutions.

'Most Wired Survey' shows progress in tech utilization

Hospitals & Health Networks has released its 19th annual annual "Most Wired Survey," showcasing the nation’s top technological hospitals and health systems. The survey ranks facilities based on utilization of healthcare technologies including mobile health, telehealth, security system and innovation.

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Q&A with Experian exec: Embrace payment plans before going to collections

Jason Considine, senior vice president of patient collections and engagement at Experian Health, argued at the Healthcare Financial Management Association (HFMA) conference in Orlando that providers should first rely on leveraging data and crafting flexible payment options before paying any contingency fees to collectors. He spoke with HealthExec about mistakes providers are making with their collection practices and what data they need to improve the process.

Home visits reduce readmission in elderly patients

Having a home health worker can reduce rates of readmission for older patients, according to a study conducted by the Indiana University Center for Aging Research and Regenstrief Institute. Findings were presented in the Journal of the American Medical Directors Association.

ANN assists physicians in diagnosing stroke patients

Researchers from the Nutritional Immunology and Molecular Medicine Laboratory and the Department of Biomedical and Translational Informatics at Geisinger Health System teamed up to develop an artificial neural network (ANN) model to accurately recognize stoke symptoms.

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Insurers see record earnings on ACA exchange plans in Q1 2017

Insurance companies earned an average of $298 per member in plans offered on the Affordable Care Act (ACA) marketplace in the first quarter of 2017, the best first quarter performance since the exchanges opened.

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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