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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Abrupt closure of rural Massachusetts hospital creates community outcry

Financially troubled North Adams Regional Hospital, the primary health care provider and employer in rural northwest Massachusetts, abruptly announced plans to close this week, setting of strong union and community protests.

NCQA to recognize health quality leaders

The National Committee for Quality Assurance named the recipients of its 2014 Health Quality Awards, which will be presented formally on April 2 in Washington, D.C.

American Academy of Ophthalmology launches registry

The American Academy of Ophthalmology launched the first comprehensive centralized data repository specifically focused on eye diseases and conditions.

N.Y. Genome Center, IBM Watson forge partnership to improve cancer care

A new initiative launched by the New York Genome Center and IBM Watson will test a unique prototype designed specifically for genomic research as a tool to help oncologists deliver more personalized care to cancer patients.

Duke and West Penn Allegheny settle million dollar false claims accusations

Duke University Health System, Inc., in Raleigh, N.C., and West Penn Allegheny Health System, Inc., in Pittsburgh, Penn., have agreed to pay the U.S. government $1 million and $1.5 million respectively to settle claims that they violated the False Claims Act.

Michigan’s Beaumont Health System finds new partners

After a deal to merge with the Detroit-based Henry Ford Health System fell through last year, Beaumont Health System wasted no time reaching out to other potential partners and has now gone public with plans to affiliate with Oakwood Healthcare and Botsford Health Care.

FTC panel explores role of quality measures in a competitive marketplace

Quality information is essential for a competitive marketplace and for consumers to make informed decisions on care. A panel delved into the current state of quality measures and their role in the healthcare market during the Federal Trade Commission’s public workshop, “Examining Health Care Competition” on March 21.

ONC kicks off quality framework initiative

The Office of the National Coordinator for Health IT (ONC) has launched a new initiative focused on "harmonizing the standards for clinical decision support and electronic clinical quality measurement," according to Doug Fridsma, MD, PhD, director of ONC’s Office of Science and Technology.

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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