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.

Wasteful healthcare spending can’t be pinned on end-of-life care

Reducing medical spending in the last year of a patient’s life isn’t a panacea for limiting growth in overall healthcare costs, according to a study published in the July 2017 issue of Health Affairs.

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HFMA 2017: Hospital finance execs have ‘significant lack of knowledge’ around MACRA

Nearly halfway through the first year of Medicare Access and CHIP Reauthorization Act’s (MACRA) new payment tracks and hospital, a majority of hospital finance executives and professionals say understand the requirements of the new Quality Payment Program (QPP) but, in reality, still seem to be confused.

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Aetna moving to New York from Connecticut

Aetna has confirmed its moving its corporate headquarters out of Hartford, Connecticut and into New York City, which offered a package of property and sales tax breaks worth nearly $34 million.

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Epic to launch medical billing unit later in 2017

Electronic health record giant Epic is now expanding into medical billing space, according to a new job listing posted on its website.

Financial incentives, electronic reminders do not improve medication adherence

Medication adherence is vital for patients with an acute myocardial infarction (AMI), yet adherence remains low. A study, published in JAMA Internal Medicine, examined if wireless technology and incentives could increase adherence and improve patient outcomes.

Internists Make Recommendations at Meeting With HHS Secretary

The American College of Physicians (ACP) today told a meeting convened by Health and Human Services (HHS) Department Secretary Tom Price that it has long identified reducing excessive administrative tasks as an important objective. The purpose of the meeting was to evaluate the impact of government requirements on the clinician-patient relationship.  

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HFMA 2017: 2 out of 3 patients don’t pay their hospitals bills in full

68 percent of patients with hospital bills under $500 didn’t pay off the full balance by the end of 2016, according a TransUnion Health study released at the Healthcare Financial Management Association (HFMA) conference in Orlando.

Personalized technology brings stimulation to dementia patients

Patients with dementia living in long-term care facilities are often on their own when it comes to mental stimulation. Without much interaction, many patients develop behaviors such as hitting, screaming and wandering. A study, set to be presented at the 2017 International Symposium on Human Factors and Ergonomics in Health Care, explains how a new interactive tool is able to increase engagement and improve outcomes.

Around the web

RBMA President Peter Moffatt discusses some of the biggest obstacles facing the specialty in the new year. 

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.