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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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.

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.

Around the web

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

Mark Isenberg, executive vice president of Zotec Partners, discusses key developments that will reshape the specialty this year. 

The tirzepatide shortage that first began in 2022 has been resolved. Drug companies distributing compounded versions of the popular drug now have two to three more months to distribute their remaining supply.