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.

FDA pilot program surveys EHR, claims data to monitor drug safety

FDA’s pilot program for the agency’s Sentinel System—dubbed Mini-Sentinel—is utilizing EHR data in combination with claims information to better monitor the safety of FDA-regulated products.

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Merger to create $3.8 billion Michigan healthcare organization moves forward

The three individual boards of Southeast Michigan’s Beaumont Health System, Botsford Health Care and Oakwood Healthcare unanimously approved a merger plan and the three healthcare systems’ leaders signed the definitive merger agreement this week.

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eCQMs & CDS: Two Sides of the Same Coin

Electronic clinical quality measures (eCQMs) and clinical decision support (CDS) share many similarities and common requirements, all with the goal of improving healthcare quality.

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Data Drives Better PCMH Outcomes: A Case Study of Strategic Analytics in Colorado Springs

Optum

In healthcare today, managing the health of patients and practices is all about managing risk. Adding value-driven, population-focused strategic analytics makes the process a lot less risky. Colorado Springs Health Partners (CSHP) is proof positive that analytics and clinical intelligence work for patients and providers.

HIMSS Analytics Announces Siemens as Certified Educator of the DELTA-Powered Analytics Assessment

CHICAGO (June 23, 2014) – HIMSS Analytics today named Siemens Healthcare a Certified Educator of the DELTA PoweredTM Analytics Assessment.

ConvergeHEALTH by Deloitte and Regenstrief Institute Announce Collaboration to Accelerate the Use of Real World Evidence in Health Care

NEW YORK, INDIANAPOLIS, June 17, 2014 – ConvergeHEALTH by Deloitte and the Regenstrief Institute, Inc. are announcing that Regenstrief, an internationally recognized informatics and health care research organization, has become a member of ConvergeHEALTH’s real-world evidence and analytics consortium. 

Press Ganey Acquires National Database of Nursing Quality Indicators (NDNQI®)

June 10, 2014, Boston, Massachusetts – Press Ganey today announced the acquisition of the National Database of Nursing Quality Indicators (NDNQI®), the leading quality improvement and nurse engagement tool developed by the American Nurses Association (ANA) and managed by The University of Kansas School of Nursing. The acquisition strengthens Press Ganey’s ability to empower nurses and nursing leaders in their mission to reduce patient suffering and improve the patient experience.

Deyta Offers Submission Services to Hospices for Automated Submission of Hospice Item Set Data to CM

Louisville, KY, June 19, 2014 -- Deyta, LLC announced today that it will offer Submission Services with its new Quality Actionboards to further alleviate administrative burdens associated with ensuring Hospice Item Set (HIS) compliance. As part of the CMS Hospice Quality Reporting Program (HQRP), all Medicare-certified hospices will be required to capture, validate and report the 64 patient-level data elements that comprise the HIS for all patients admitted on or after July 1, 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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