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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Med groups to CMS: Include Medicare Advantage patients under Advanced APMs

Ten healthcare industry groups, including the American Medical Association, have asked CMS to allow Medicare Advantage (MA) patients to count towards the threshold requirements to qualify as an Advanced Alternative Payment Model (APM).

6 findings from HIMSS 2017 Precision Medicine Study

The combination of precision medicine and information technology (IT) has the potential to improve patient outcomes. But many healthcare organizations are slow to pursue integration. A recently released report, “2017 Precision Medicine Study," from Healthcare Information and Management Systems Society (HIMSS) outlines how healthcare organizations view the expansion and improvement of IT with precision medicine.

AstraZeneca Select ArisGlobal LifeSphere Safety - Risk Management™

ArisGlobal, a leading provider of integrated, cloud-based software solutions for life sciences announces LifeSphere Safety - Risk Management™, a multi-tenant, cloud-based solution that offers a comprehensive set of data analytics, workflow and reporting tools for end-to-end signal detection and risk management.

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New York public hospitals eliminating 476 positions

The largest public health system in the U.S., NYC Health + Hospitals, announced on June 2 it will lay off 396 managers and eliminate 80 currently unfilled positions as it faces a projected budget of $6 billion through 2020.

Healthcare professionals must be bold on digital health

Being tough on digital health is the passion of Mary Meeker, a partner at Kleiner Perkins Caufield & Byers. In her recent presentation of the “Internet Trends Report,” she outlines how healthcare and technology are forming a new system of care and what solutions she poses to further advance this partnership.

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Electronic patient-reported outcomes extend lives of those with metastatic cancer

Researchers are hoping to improve engagement with electronic patient-reported outcomes (PROs) to increase survival rates in those with cancer. A study published by JAMA reported the integration of electronic PROs into routine care was able to improve outcomes in those with metastatic cancer.

Want to control in-hospital infection? Keep your hands to yourself

Patients entering the supposedly sterile environment of a hospital may not realize that at least one in 25 patients acquire an infection while in the facility. To reduce these infections, Mark Sklansky, MD, suggests everyone leave the handshakes at home.

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Insurers favor value-based contracts, but few are available

The majority of health plans responding to a Avalere Health survey said they have favorable attitudes towards value-based contracts, though smaller numbers of insurers are actually pursuing or have entered into those agreements.

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Around the web

Cardiovascular Business
FDA says years-long tirzepatide shortage is resolved, will give limited leeway to compounders

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.

AI in Healthcare
From Capitol Hill to a hospital near you? 5 federal recommendations for healthcare AI policy

The 24 members of the House Task Force on AI—12 reps from each party—have posted a 253-page report detailing their bipartisan vision for encouraging innovation while minimizing risks. 

Cardiovascular Business
Merck spends up to $2B to license new weight loss drug with potential heart benefits

Merck sent Hansoh Pharma, a Chinese biopharmaceutical company, an upfront payment of $112 million to license a new investigational GLP-1 receptor agonist. There could be many more payments to come if certain milestones are met.