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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Healthcare spending in U.S. increases 5.3 percent to $3 trillion

Healthcare spending in the U.S. increased 5.3 percent in 2014 to $3 trillion or $9,523 per person, while 17.5 percent of the country’s gross domestic product (GDP) was devoted to healthcare spending last year.

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HIMSS launches Value Score for universal quality measurement

HIMSS has launched the HIMSS Value Score, an international quality measurement for the value of health IT.  

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UnitedHealth Group CEO defends possibility of exiting health insurance exchanges

UnitedHealth Group CEO Stephen Hemsley said the health insurer might not offer plans on exchanges created as part of the Patient Protection and Affordable Care Act, Reuters reports. UnitedHealth announced in November that it had suffered significant losses on the exchanges.

AHRQ debuts national hospital readmission database

The Agency for Healthcare Research and Quality has introduced a national database for hospital readmissions. 

Healthcare deals are on the rise

Nearly one-quarter of the $2 trillion in mergers and acquisitions in the U.S. this year have involved healthcare companies, the Associated Press reports. The total value of healthcare deals have more than tripled in the past five years.

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External data can help make internal predictions

BOSTON—Analysis of outside information helped a hospital determine what was causing changes in its patient census. 

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Partners' interventions address population health

BOSTON--“Payer contracts are not aligned with evidence-based recommendations, said Adrian Zai, MD, PhD, MPH, clinical director of population informatics at Massachusetts General Hospital (MGH), speaking at the Big Data & Healthcare Analytics Forum.

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VA pays more than $142 million in bonuses in 2014

The Department of Veterans Affairs paid more than $142 million in performance-based bonuses to employees in 2014, USA Today reports. The newspaper's analysis found 156,000 executives, managers and employees received bonuses.

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.