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.

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.

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.

Around the web

The American College of Cardiology has sent a letter to HHS Secretary Robert F. Kennedy Jr. that outlines some of the organization’s central priorities and concerns. 

One product is being pulled from the market, and the other is receiving updated instructions for use.

If the Trump administration continues taking a laissez-faire stance toward AI—including AI used in healthcare—why not let the states go it alone on regulating the technology?