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.

CMS/ONC seeking public comment on pediatric quality measures

The Centers for Medicare & Medicaid Services and the Office of the National Coordinator for Health IT have released additional draft quality measures under their Children’s Measures project.

NYT: “New Law’s Demands on Doctors Have Many Seeking a Network”

The many regulatory, reimbursement and policy changes related to the Patient Protection and Affordable Care Act are undoubtedly changing the business climate for physicians. In a feature with video, the New York Times contrasts the practices of two Kentucky primary care doctors — Sven Jonsson, M.D., and Tracy Ragland, M.D. — to illustrate the economic pressure pushing many sole practitioners into employment by large health care networks.

AHRQ updates Horizon Scan on latest health IT innovations

The Agency for Healthcare Research and Quality has published the tenth edition of its Healthcare Horizon Scanning System, an update that includes 35 new technologies and identifies 487 innovations that are being tracked for their potential impact on clinical care, healthcare systems, patient outcomes and costs.

ONC dashboard enhanced with literature review, tool on health IT impacts

The Office of the National Coordinator for Health IT announced new features on its Health IT Dashboard including a comprehensive literature review on the impacts of health IT on outcomes and a related interactive site.

Study Finds Current Structural Changes May Save Medicare $900 Billion

Do nothing and save billions? It seems to good to be true, but a new report by health care economics consulting firm Dobson|DaVanzo finds that simply by staying the course on current structural changes driving down spending, the Medicare program could save an additional $900 billion over the next 10 years.

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Replacing Terrible MACs is Too Hard, OIG Official Testifies

For any provider who has been frustrated by consistent problems with their local Medicare Administrative Contractor (MAC), Robert A. Vito, regional inspector general for evaluation and inspections for the U.S. Department of Health and Human Services’ Office of Inspector General (HHS OIG) shed some light on how underperforming MACs are able to keep their government contracts.

Florida Hospital Settles for $85 Million in Closely Watched Stark Law Case

The popularity of “profit sharing” arrangements that reward physician groups for keeping costs down and quality up added to interest in the a Florida Stark law case that was partially settled this week.

HIMSS14: Harnessing analytics to identify HACs, predict readmissions

ORLANDO—Starting Oct. 1, acute care hospitals with the highest number of acquired infections will see their Medicare payments reduced by 1 percent. With this reality looming, leaders at Chicago-based Northwestern Memorial Hospital shared their efforts to harness data analytics and workflow tools to more accurately identify and report on safety and quality incidents at the Health Information and Management Systems Society annual conference.

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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