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.

AHCA could lead to 725,000 fewer healthcare jobs

The Republican-sponsored American Health Care Act (AHCA) could “trigger an economic downturn in nearly every state,” according to a new report from George Washington University’s Milken Institute School of Public Health and the Commonwealth Fund, with the majority of the job losses coming from the healthcare industry.

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AMA 2017: Outpatient services to drive profitable growth for health systems

Health systems looking for ways to grow profits should focus on sites of care and know what kind of insurance plans their patients may be utilizing, with much of the growth being seen in outpatient services.

CHS hospitals accused of shorting charity care benefits

A lawsuit against Community Health Systems has alleged its two Spokane, Washington hospitals had an organized effort to "drive indigent patients away,” falling short of its charity care requirements by $110 million.

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Home glucose monitoring fails to improve control of type 2 diabetes

Patients with type 2 diabetes not treated with insulin were unable to improve glycemic control after a year by self-monitoring blood glucose levels, according to a study published in JAMA Internal Medicine.

Daily texts help patients manage type 2 diabetes

Researchers are taking advantage of the reach of smartphones to help type 2 diabetes patient manage their condition. A study, published in Diabetes Care, evaluated the use of text messages in improving diabetic patients' blood sugar management.

New alarm system challenges auditory standards

Physicians can have difficulty distinguishing the multitude of alarms going off at any one time. Repeated exposures can also lead to critical errors or delays. In order to address such problems, researchers developed a new alarm system, explained in Human Factors, to deter repeat exposure and improve patient outcomes.

10 costliest claims conditions account for $1.3B from 2013 to 2016

Sun Life has released its fifth annual “Sun Life Stop-Loss Research Report," outlining the top 10 catastrophic claims conditions. The report provides data from 53,000 claimants and $4.5 billion in stop-loss reimbursements to project changes over time in costs of medical conditions.

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Online reviews of physicians don't equate to real-life quality of care

A physician's Yelp rating doesn't help patients find quality care, according to research conducted by ConsumerMedical. The study compared top-rated physicians on different review websites with actual performance based on medical specialty.

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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