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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N.C. small town mayor walking to D.C. to protest hospital closing

Adam O'Neal, the Republican mayor of the town of Belhaven, North Carolina (population 1,639), is walking 273 miles from Belhaven to Washington, D.C., to draw attention to the July 1 closing of Vidant Pungo Hospital, the town’s only hospital.

Ambient Clinical Analytics Technology Takes Home First Place for the University of Minnesota’s Carlson School of Management in Health Case Competition

ROCHESTER, MN (July 15th, 2014) - Ambient Clinical Analytics, Inc., the provider of powerful bedside real-time critical decision support tools for ICU, Operating Room and Emergency Departments, was precisely chosen by the University of Minnesota’s Carlson School of Management to be the focus of their case study in the annual Business School Alliance for Health Management competition. The Carlson School earned first place by showcasing the technology from AmbientClinical Analytics.

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Community Health Systems to acquire bankrupt Natchez, Mississippi, hospital

American College of Radiology (ACR)

Community Health Systems subsidiaries have executed a definitive agreement to acquire substantially all of the assets of 179-bed Natchez Regional Medical Center in Natchez, Mississippi, which voluntarily filed for Chapter 9 bankruptcy in March 2014.

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$100M HHS ‘innovative collaboration’ to advance Medicaid reform

A new $100 million program at the Department of Health & Human Services aims to accelerate Medicaid reform.

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June jobs report reflects shift to outpatient care

As more conditions are cared for in the community setting rather than in hospitals, the jobs are moving along with the patients. The latest U.S. Bureau of Labor Statistics (BLS) report finds hospital hiring largely flat but physician office hiring up 4,000 jobs from the previous month and up 57,200 jobs from June of last year.

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HITPC approves MU Stage 3 quality measure recommendations

The Health IT Policy Committee has endorsed a package of Meaningful Use Stage 3 recommendations governing quality measures that includes an “innovative pathway” giving eligible professionals and hospitals more flexibility in achieving compliance.

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Massachusetts judge puts brake on Partners' deal with state

A Suffolk Superior Court Judge has put a three-week hold on the deal between Partners HealthCare System and the Massachusetts Attorney General’s office to allow comments from other stakeholders, including competing hospital systems and medical groups.

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Taking a Break

Finally! That seems to be the most common reaction to the proposed rule from the Centers for Medicare & Medicaid Services (CMS) and the Office of the National Coordinator for Health IT (ONC) that would let providers use the 2011 Edition CEHRT or a combination of 2011 and 2014 Edition CEHRT for the Meaningful Use reporting period in 2014.

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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