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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GS1 Healthcare issues UDI guidance

Supply chain standards development organization GS1 Healthcare US has released guidance for using certain standards to implement Unique Device Identification requirements as promulgated by the FDA in September 2013.

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Two biomarkers validated as predictive of renal failure

A new study validates two novel biomarkers as predictive of acute kidney injury, or acute renal failure, an asymptomatic condition that often is fatal.

Physicians contributed $1.6 trillion to economy in 2012

A new report commissioned by the American Medical Association attempts to quantify the direct and indirect economic output of physicians in order to educate policy makers and the public.

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Kansas cancer center settles with DOJ for $2.9 million

Hope Cancer Institute in Kansas City and its owner Raj Sadasivan, M.D., were accused of submitting Medicare claims for chemotherapy drugs that were never provided.

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Lowell General Hospital and Tufts Medical Center form new health system

Boston’s prestigious Tufts Medical Center teaching hospital will partner with Lowell General Hospital, a community hospital with two campuses in Lowell, Mass., under a new parent company yet to be named.

ACA could raise your malpractice insurance rates

A key element of healthcare is leveraging technology and system efficiencies to allow individual providers to see more patients. But as the number of patients goes up, so does a provider’s malpractice risk according to a new study from the RAND Corporation.

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CMS offering tools, support, results

A report from the Centers for Medicare & Medicaid Services indicates that more providers are taking part in the Physician Quality Reporting System and electronic prescribing is rising.

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Mergers and acquisitions continue at fast pace, especially for not-for-profits

A new report by independent consulting firm Kaufman Hall finds that U.S. hospital merger and acquisition activity increased 3 percent in 2013, with deals announced for 98 hospital and health system combinations.

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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