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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New ‘trigger tool’ scans EMRs for harms in pediatric hospitals

Patients are harmed at troublingly high rates in hospitals, as evidenced by Medicare’s penalizing of one out of every seven in the current fiscal year. Adding to the worry, hospitals caring for children fare no better on this score than their adult counterparts. So six pediatric hospitals have combined forces to develop and test a new “trigger tool” that retrospectively scans pediatric patients’ EMRs for signs of medical errors.

Xerox acquires Healthy Communities Institute, leader in cloud-based public health data

Xerox (NYSE: XRX) today announced its acquisition of Healthy Communities Institute (HCI), a Berkeley, Calif.-based company with a leading cloud platform that puts socioeconomic and community health information at the fingertips of hospitals, public health agencies and community coalitions. 

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Care-coordination market poised for notable growth

If Frost & Sullivan has it right, care-coordination software is soon to start selling like hot cakes.

CMS approves Alpha II as a 2015 PQRS registry

Alpha II, LLC, a leading developer of software platforms, software as a service and publications that support the healthcare revenue cycle, announced today that it has been qualified by The Centers for Medicare & Medicaid Services (CMS) as a Physician Quality Reporting System (PQRS) Registry for the 2015 PQRS program year. 

Carestream’s Healthcare IT Platforms Support Data Aggregation from Existing Systems for a More Holistic View of the Patient

WASHINGTON, D.C., May 14 — Creating rapid, secure access to imaging data by on-site and off-site users is a major goal of informatics professionals attending the SIIM (Society for Imaging Informatics in Medicine) conference held this year from May 28-30.

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It will take time but analytics offer opportunity

BOSTON—While data often are highly granular and voluminous, poorly structured and dirty, they also offer novel, breakthrough insights into familiar challenges, said Tariq Abu-Jaber, MA MPH, vice president of medical informatics at Harvard Pilgrim Health Care, speaking at Medical Informatics World.

Getting to high-performance healthcare

BOSTON—Despite “an endless well of metrics,” healthcare is not operating at a high level of performance, said Jason Burke, senior advisor for innovation and analytics, UNC Health Care and School of Medicine, speaking at Medical Informatics World.

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Duke receives $9.75M for its big data initiative

Duke University has received $9.75 million in gifts and matching funds to support an initiative that focuses on harnessing massive amounts of information to tackle society’s biggest challenges, including healthcare.

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Around the web

Cardiovascular Business
FDA says years-long tirzepatide shortage is resolved, will give limited leeway to compounders

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.

AI in Healthcare
From Capitol Hill to a hospital near you? 5 federal recommendations for healthcare AI policy

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. 

Cardiovascular Business
Merck spends up to $2B to license new weight loss drug with potential heart benefits

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.