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.

Healthcare providers are finally joining the world of telemedicine

A survey conducted by KPMG have analyzed the telemedicine rates of adoption in healthcare systems and found that both payers and managed care organizations have interest in the adoption of this technology to help lower the costs of care and have started offering the service as a part of their benefits packages, reports ModernMedicine.  

New app for lung cancer patients proves stellar in early trial

A smartphone called Moovcare may help lung cancer patients live longer and better by monitoring symptoms and alerting doctors to potential problems, reports U.S. News. 

Artificial intelligence will play a larger role in healthcare

Artificial intelligence is evolving and integrating almost every industry, including healthcare. Growing from a $600 million to a $6-billion-dollar industry in just two years, the AI market is poised to take over the healthcare industry. Systems can assess enormous amounts of patient data, provide guidance and decision support, and improve clinical workflow.

Editorial: EMR implementation is broken

With billions of dollars being invested by hospitals to implement EMR’s the technology should be running smoothly, but it’s actually the exact opposite. The transition from paper was meant to make healthcare faster and more efficient, but things haven’t improved with data being incomplete and inconsistent.

Study: Racial, gender pay gap exists among physicians

African-American male physicians earn substantially less than their white counterparts, while male doctors have higher incomes than females, according to a new study published in the BMJ.

CMS asked to overlook Medicare math errors that could cost Mass. hospitals $115M

To prevent Massachusetts hospitals from losing $115 million in Medicare funding over accounting mistakes at a single small hospital, Partners Healthcare is asking CMS to use corrected data to calculate reimbursements, even though the deadline for corrections has passed.

Healthy Interactions, MedCurrent collaborate on new end-to-end CDS technology for chronic care

Two health IT companies, Chicago-based Healthy Interactions and Toronto-based MedCurrent, have launched a new end-to-end clinical decision support (CDS) platform designed to manage chronic care conditions.

Study: Off-exchange insurers spending less on care, more on overhead

Insurers that only offer coverage on the individual market outside of the Affordable Care Act’s health insurance marketplaces spent less on medical care and more on administrative costs, according to a new analysis from the Commonwealth Fund.

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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