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.

UPenn Health System expanding into New Jersey

Princeton Healthcare System (PCHS) will join the University of Pennsylvania Health System (UPHS), marking the latter’s first expansion beyond Pennsylvania’s borders.

Dedicated time tops list of most used strategy for resident handoff

Improving resident handoffs has been at the top of the list for many major healthcare organizations. Where they fall short is knowing specifically which recommended strategy is the most effective.

MedPAC recommends higher pay for docs, hospitals in 2018, but not for ASCs

Medicare payments to physicians and hospitals should increase in 2018, but a planned payment bump for ambulatory surgical centers (ASCs) should be scrapped, according to the Medicare Payment Advisory Commission (MedPAC).

Partners Healthcare posts its biggest operating loss ever

Massachusetts’ largest health network, Partners Healthcare, lost $108 million on operations for the fiscal year ending Sept. 30, reversing a $106 million profit a year earlier.

Online communities can improve support for rural patients

A study, by University of Maryland business professors Ritu Agarwal and Guodong Gao, examined if online communities were measured on whether they could reduce disparities in healthcare among rural and urban popoulations.

Color, text changes on medication packaging reduce error rates

Researchers are attempting to minimize errors caused by confusing labels on over-the-counter medications by incorporating changes in fonts and text colors. The team was able to drop error rates from 68 percent to 16 percent in elderly patients.

Humana to write off $591 million owed in risk corridor payments

Humana indicated it doesn’t expect to receive the $591 million its owed by the federal government under the risk corridor program of the Affordable Care Act (ACA).

2016: The year of digital health and recalibration

As 2016 comes to a close, the year has had its share of ups and downs. But looking specifically at the healthcare field, the year proved to be one of recalibration. 

Around the web

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.

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. 

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.