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.

Truven Health Analytics and Cerner Partner to Make Micromedex Integrated CareNotes Available to Cerner EHR Clients

ANN ARBOR, Mich.--Truven Health Analytics™ today announced an agreement with Cerner Corporation, a leading provider of health information and electronic health record (EHR) systems, to resell its Micromedex® CareNotes® product, a part of the Patient Connect Suite of patient and consumer education and engagement solutions.

The data are in: Corporate wellness programs work

Corporate wellness programs can return as high as $3 for every $1 invested, as they are linked to reduced healthcare costs, increased productivity, decreased absenteeism and higher job satisfaction, according to a Huffington Post blog.

Physician groups owned by hospitals see higher medical costs

Medical costs are up to 20 percent higher at hospital-owned physician groups, according to Los Angeles Times. 

CVS prescription-drug plan costs more at stores selling tobacco

CVS Health is using its tobacco-free policy as a way to one-up rivals. The chain's pharmacy benefits unit is offering a prescription-drug plan that charges patients more if they buy their meds at drugstores that sell tobacco products, according to Wall Street Journal.

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Medical malpractice reform won’t yield big savings

A new study from the Rand Corp. refutes the notion that medical malpractice reform will generate major savings, reports The Washington Post.

Kaiser: State Medicaid spending growing more slowly than total spending

Implementation of the coverage expansions in the Affordable Care Act resulted in higher enrollment and total overall spending growth in Medicaid during fiscal years 2014 and FY 2015, but full federal government financing of the Medicaid expansion population means that state Medicaid spending has grown more slowly than total spending, according to the Kaiser Family Foundation.

ActX Joins Greenway Online Marketplace for Comprehensive Health IT Solutions, Offering Integrated Genomic Decision Support

SEATTLE--ActX today announced it has joined the Greenway Health online Marketplace of value-added partners for users of Greenway’s integrated electronic health record (EHR) and practice management solutions.

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Nursing home chain to pay $38M settlement for improper billing, poor care

Extendicare, one of the largest nursing home chains in the U.S., has agreed to a $38 million settlement to resolve federal claims that it improperly billed for physical therapy and provided such poor care that it was effectively worthless, reports The New York Times.

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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