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.

ONC hopes newly certified open source tool will "flourish"

Open source software has been certified as a 2014 edition EHR module, according to a post on the Office of the National Coordinator for Health Information Technology’s blog.

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Bad contracts with two physicians costs hospital $8.5 million

Healthcare reform encourages hospitals and independent physicians to collaborate on care, but contracts that end up creating a financial motive to drive up Medicare and Medicaid costs can put a hospital on the wrong side of the law, as the non-profit acute-care Memorial Hospital in Fremont, Ohio, found out.

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Proposed Northwestern-Cadence merger would create Chicagoland mega health system

Cadence Health and Northwestern Memorial HealthCare have signed a letter of intent to merge — a deal that could create one of the largest nonprofit academic healthcare delivery systems in the midwest.

EHR data can predict sepsis

EHRs can be used effectively to predict the onset of sepsis, according to researchers from the University of California at Davis.

Moody’s Predicts Two-Midnight Rule Will Pressure Hospital Finances

Hospital operators feeling the pinch from reduced inpatient volumes due to the Centers for Medicare & Medicaid Services’ new regulations to better define when a short-term stay should count as an inpatient stay are certainly not alone. According to financial analysts at the prestigious Moody's Investors Service,  the new inpatient billing rule referred to as the “two-midnight rule” will put financial pressure on hospitals for some time to come.

PatientsLikeMe launches 'data for good' campaign

PatientsLikeMe, an online network of patients with chronic disease, recently launched its “data for good” campaign that promotes health information sharing to advance research.

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Slow Health Care Employment Growth Continues

Employment in health care changed little in February, reports the U.S. Bureau of Labor Statistics (BLS). This marks the third consecutive month of almost no change in employment in the industry.

NCQA updates PCMH standards

The National Committee for Quality Assurance officially presented new patient-centered medical home standards during a March 10 briefing.

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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