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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FEMA awards NYU Langone Medical Center $1.13 billion for Hurricane Sandy recovery

According to the office of U.S. Senator Charles E. Shumer (D-NY), the $1.13 billion in Federal Emergency Management Agency (FEMA) Public Assistance funding for Sandy repair work and mitigation projects at New York University’s (NYU) Langone Medical Center is the second-largest Project Worksheet in FEMA’s history.

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UCSF Medical Center and John Muir Health to form joint care network

UCSF Medical Center and John Muir Health have signed a letter of intent to develop a new company that will be equally owned and operated by both organizations. This new company, the healthcare systems say, will allow them to each remain independent yet at the same time work together on a health care network covering the whole San Francisco Bay Area region.

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Community Health Systems Q2 results miss guidance by $90 million

Community Health Systems had a slow first quarter with winter weather disruptions that plagued its initial months of operation following its blockbuster merger with Health Management Associates. The second quarter did not do enough to lift revenue and the leading U.S. hospital operator came in short of guidance by $90 million just after other companies like LifePoint Hospitals and HCA Holdings had released stellar Q2 results for their hospitals.

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Mercy faces backlash over physician pay standardization

Some physicians in the St. Louis, Missouri area are opting out of their employment contracts with the non-profit Catholic healthcare system Mercy over new efforts to standardize physician pay by linking them more directly to individual physician RVUs.

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HCA second quarter results show positive impact of healthcare reform

Fewer uninsured and charity-care patients, more admissions and emergency room visits, and a higher acuity and longer stays for admitted patients — these are just a few of the effects of healthcare reform that are lifting revenue for HCA Holdings, the nation’s largest publically traded hospital operator say company officials.

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ONC updates Bonnie CQM tool

Bonnie, a tool designed to support streamlined and efficient pretesting of electronic clinical quality measures used in Meaningful Use, was updated to support new measure formats and logic constructs.

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Analysts find inpatient volumes increasing for first time in many quarters

After multiple quarters of consistent declines in hospital inpatient volumes, financial analysts from Jefferies LLC found a modest 0.4 percent average inpatient admission increase in their survey on 2014 second quarter volume trends.

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New York Methodist Hospital sued in ongoing battle over expansion in Park Slope

Any hospital or medical group expansion project will eventually face objections from a NIMBY (not in my back yard) group, and New York Methodist Hospital is facing down what may be the ultimate NIMBY group, the residents of the affluent northwest Brooklyn neighborhood of Park Slope.

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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