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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Patil says consumers are ready for, expect data science

Health IT shouldn't replace people but augment them, said D.J. Patil, PhD, the White House’s chief data scientist, speaking at the Office of the National Coordinator for Health IT’s fifth annual Consumer Health IT Summit on Oct. 1.

EHR model accurately predicts six-month care utilization

An online risk model using data from Maine's statewide health information exchange (HIE) predicted the healthcare utilization and needs of patients for a six-month period.

BCBS data network expanding to drive improved outcomes

All 36 independent Blue Cross and Blue Shield (BCBS) companies will contribute comprehensive data on healthcare quality and costs to Blue Cross Blue Shield Axis (BCBS Axis), collecting the data from more than 2.3 billion procedures conducted annually from mor ethan 20,000 healthcare facilities and 540,000 physicians.

GE Healthcare isn’t for sale and won’t be, says top brass

When GE Capital sold its entire Healthcare Financial Services (HFS) business to Capital One for close to $9 billion, including $8.5 billion in outstanding loans, some wondered whether GE was looking to get out of healthcare altogether. 

U-Michigan launches $100M big data initiative

Healthcare is one of four areas targeted by the University of Michigan's $100 million, five-year big data initiative. 

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A simple concept to improve care

With all the cutting-edge software programs designed to help providers track trends, it seems the relatively simple concept of transparency is driving significant change. 

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Recession took a bite from Medicare spending, but not primary reason for slowdown

From 2009 to 2012, Medicare spending grew at an annual rate of 1.1 percent, a decline from the previous five years when Medicare spending increased at an average annual rate of 5.1 percent. Researchers from Northwestern University’s Kellogg School of Management found 14 percent of the share of the decline in spending growth was due to lingering effects of the U.S. economic recession that lasted from December 2007 to June 2009.

Project simplifies EHR data collection for a learning health system

Researchers from the Cincinnati Children's' Hospital Medical Center teamed up with ImproveCareNow Network to create a proof-of-concept architecture for a network-based learning health system to integrate chronic care management, quality improvement and research.

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.