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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How to reduce healthcare costs? Give Americans a ‘purpose in life’

Researchers are suggesting that giving Americans a sense of purpose can help reduce U.S. healthcare costs, according to Los Angeles Times.

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Technology Drives the Best Touch

Meaningful Use has received the bulk of the health IT headlines in recent weeks thanks to the hardship exception, concerns about low Stage 2 attestation rates, calls for greater interoperability and fears about Stage 3 requirements.

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Calif. hospital chain to pay $37M for allegedly overcharging Medicare

Dignity Health, a Northern California hospital chain, agreed to pay $37 million to settle allegations that it overcharged the federal Medicare program, reports San Jose Mercury News. 

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Moving towards data-informed personalized health

Data are being generated at an astounding rate, with an estimated 50,000-fold increase by 2020 that will result in 25,000 terabytes of data, said Visha Agrawal, MD, president of Harris Healthcare Solutions, during a panel discussion at Cleveland Clinic’s 2014 Medical Innovation Summit.

Physicians reluctant to accept ACA patients

Physicians are limiting how many new ACA-insured patients they are taking as exchange plans often have lower reimbursement rates, reports USA Today.  

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.

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MGMA study finds QI not good for practice efficiency, morale

Most physician group practices are actively engaged in internal processes to improve clinical quality but they are highly critical of Medicare's physician quality reporting programs and their impact on patients and practices.

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NIH, Geisinger launch portal for genomic data

The National Institutes of Health's Clinical Genome Resource (ClinGen) has launched a patient portal called GenomeConnect.

Around the web

The American College of Cardiology has shared its perspective on new CMS payment policies, highlighting revenue concerns while providing key details for cardiologists and other cardiology professionals. 

As debate simmers over how best to regulate AI, experts continue to offer guidance on where to start, how to proceed and what to emphasize. A new resource models its recommendations on what its authors call the “SETO Loop.”

FDA Commissioner Robert Califf, MD, said the clinical community needs to combat health misinformation at a grassroots level. He warned that patients are immersed in a "sea of misinformation without a compass."

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