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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Massachusetts state officials working to re-open bankrupt rural hospital

The abrupt closure of North Adams Regional Hospital in the rural community of North Adams, Mass., created a public outcry and has gotten legislators and policy makers involved in trying to broker a deal whereby another health system may be able to take over and re-open the facility.

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ICD-10 delay positive for not-for-profit hospitals says finance firm

Credit ratings and research firm Fitch Ratings has analyzed the one-year delay on ICD-10 implementation and come to the conclusion that it will help more than hurt the finances of not-for-profit hospitals.

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HL7 launches immunization user group

A new HL7 Immunization User Group will offer members access to industry experts and peers for help with resolving challenges related to implementing HL7 immunization standards.

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CMS updates eligible hospital eCQM specs, unveils new tool

Updated specifications for the eligible hospital 2014 clinical quality measures (eCQMs) finalized in Meaningful Use Stage 2 of the EHR incentive program are now available on the Centers for Medicare & Medicaid Services website.  

Participation rising in Physician Quality Reporting System and eRX incentive programs

Participation in the Physician Quality Reporting System and electronic prescribing is rising, according to a report published by the Centers for Medicare & Medicaid Services.

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SC health system loses right to build new hospital to Tenet competitor

South Carolina’s fractured certificate of need (CON) process for new hospital construction has led to a protracted fight over who would be allowed to build a new hospital in Fort Mill, S.C. On Tuesday, a judge took the CON last awarded to Carolinas HealthCare System in 2011 and handed it to competitor Piedmont Medical Center, a hospital operated by a Tenet Healthcare subsidiary.

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Montana’s largest healthcare provider adds medical center in Missoula

The Board of the non-profit community-owned Community Medical Center in Missoula, Mont., has approved a joint venture with the Billings Clinic and RegionalCare Hospital Partners that would, among other objectives, switch it to a for-profit entity.

RAC report to Congress disputes accusations of poor accuracy

Without mentioning critics by name, the annual report to Congress on the Medicare Recovery Audit Contractor (RAC) program released this week makes a point of showing measures of its accuracy and its steps to reduce the burden on healthcare providers.

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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