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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Hospital mergers and profits come under fire in Massachusetts

Massachusetts, the first state to enact a universal health insurance coverage law, may also be among the first to experience the political upheaval that could come with healthcare reform driven changes.

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.

Banner Health facilities win prestigious stroke award

Thanks to robust IT practices and aggressive use of medications and risk-reduction therapies, six Banner Health facilities in Arizona received the Get With The Guidelines-Stroke Gold-Plus Quality Achievement Award.

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ValleyCare community hospitals to become Stanford affiliates

Academic giant Stanford Medical Center in Stanford, California, and ValleyCare Health System, based in Pleasanton, California, have signed a non-binding letter of intent that would make ValleyCare’s two community hospitals and outpatient facilities part of Stanford Hospital & Clinics.

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CMS names iPatientCare as a qualified PQRS registry

The Centers for Medicare & Medicaid Services has selected iPatientCare, a Woodbridge, N.J.-based medical informatics company, as a Qualified Physician Quality Reporting System registry that is authorized to assist eligible providers with reporting quality data directly to CMS.

Humana Once Again Named Top Payer in athenahealth® PayerView® Rankings

LOUISVILLE, Ky.--For the second year in a row, Humana Inc. (NYSE: HUM) was ranked as the number one company for its ease of doing business with providers. Humana ranked number one in overall performance among 148 U.S. health insurers based on a review of 2013 claims-payment data conducted by athenahealth, Inc. (NASDAQ: ATHN).

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A three-pronged analytics strategy

The Medical Informatics World Conference was a great source of knowledge from the field and those who have put analytics at the top of their IT priority list.

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CMS offers updated eCQMs

The Centers for Medicare & Medicaid Services has made available the annual update of the 2014 electronic clinical quality measures for eligible professionals and corresponding specifications for electronic reporting.

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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