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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Osheroff: Quality is a business imperative

CHICAGO—The move to value in healthcare creates new imperatives, said Jerome Osheroff, MD, principal of TMIT Consulting, speaking at the Quality Symposium held during the 2015 HIMSS Annual Conference & Exhibition.

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Much room for data analytics growth in healthcare

Only 10 percent of providers surveyed are using advanced tools for data collection with analytics and predictive capabilities, according to findings from audit, tax and advisory firm KPMG. 

HIT jobs take longer to fill

Health informatics positions stay open longer than the national average posting, according to a study from Burning Glass Technologies, a Boston-based workforce technology and consulting firm. 

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Reliability, capacity and pace key to meeting core measures

CHICAGO—Lakeland HealthCare a Davies Award winner, strives toward perfection in all 79 core measures through “exemplary reliability, capacity and pace,” said Michael Getty, speaking during a session of the Quality Symposium held during the 2015 Annual HIMSS Conference & Exhibition.

Identify value proposition for successful eCQMs

CHICAGO—Providers will support electronic clinical quality measures (eCQMs) if there is a value proposition, said Michael Zaroukian, MD, PhD, vice president and PhD, CMIO of Sparrow Health System, speaking at the Quality Symposium at the 2014 HIMSS Annual Conference & Exhibition.

Capsule Debuts Early Warning Scoring System for SmartLinx Chart Xpress

ANDOVER, Mass., April 22, 2015 – (ANIA booth #401/403)—CapsuleTech today announced the release of its Early Warning Scoring System (EWSS) for its SmartLinx Chart Xpress® electronic charting solution, utilizing real-time vital sign data to provide clinical decision support at the bedside. Automated, simple-to-use and customizable, the new EWSS option for Chart Xpress analyzes patient data and identifies patterns consistent with patient deterioration that often occur hours in advance of a critical event. 

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FDA grant to determine drug safety through EHRs

The FDA is offering a grant to turn EHR data into usable figures highlighting postmarket risks of various drugs. 

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Uptick expected for healthcare analytics market

The combined annual growth rate in the analytics market during the 10 years from 2010-2020 will be in the 8-11 percent range, according to estimates by IDC Health Insights, making analytics among the top areas of spending growth for hospitals and health systems during this decade.  

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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.