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.

$40 million billing scheme results in charges for 26 doctors, pharmacists

California prosecutors charged 26 physicians, pharmacists and business owners in an alleged billing fraud and kickback scheme that collected more than $40 million from insurers by prescribing unnecessary medications or balms which had no medical value. 

Augmented reality helps surgeons, students see a bigger picture

Leica Microsystems, developers of microscopes capable of viewing microstructures and nanostructures, has introduced its augmented reality imaging technologies for surgical microscopes at the American Association of Neurological Surgeons (AANS) Annual Scientific Meeting 2017. The GLOW800 supports surgeons in making decisions and teaching students on complex neurosurgical procedures.

Simulation improves parent knowledge of central line care in pediatric cancer patients

Central line infections in pediatric cancer patients pose life-threatening risks. A study, published in The Joint Commission Journal on Quality and Patient Safety, reviewed how providing parents with simulation training can help prevent central line-associated bloodstream infections (CLABSIs).

Nursing home owner says he spent Medicaid funds on strippers

Conditions got so bad in Benchmark Healthcare’s Festus, Missouri, nursing home that the state took the rare step of shutting it down and moving out its 60 residents last year—and its owner may have explained why in pleading guilty to two counts of fraud in federal court.

Independent Research Funded by Physicians for Fair Coverage Shows That FAIR Health is a Useful Source of Data for Out-of-Network Physician Charge Benchmarking

In a new analysis funded by Physicians for Fair Coverage, researchers at NORC at the University of Chicago, an independent research organization, today announced results of a study that found the FAIR Health database currently offers advantages over other national datasets and state All Payers Claims Data (APCDs) for the purpose of identifying a standard benchmark for out-of-network physician rates for medical services.

Value of M&A activity down, volume nearly flat so far in 2017

Mergers and acquisition (M&A) activity in healthcare isn’t slowing down, with the first quarter of 2017 being the tenth straight with more than 200 deals. What did change, according to a report from PricewaterhouseCoopers (PwC), was the disclosed value of those transactions.

3D model helps surgeons plan a complex spinal treatment

In complex surgical cases, planning ahead could mean the difference between success and failure. A recent study in Neuromodulation utilized 3D models as a way of allowing surgeons to practice on a patient with a previously untreated spinal condition.

Experian Health, MyHealthDirect streamline workflows with patients scheduling appointments

Experian Health, providers of revenue cycle management systems, has launched Patient Schedule, powered by MyHealthDirect, that aims to improve healthcare workflow via patient self-service appointment scheduling.

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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