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.

HIMSS14: Predictive analytics with an eye to the future

ORLANDO—Providers can achieve big savings if they focus their lens on preventable visits. Baylor Quality Alliance, a Texas-based clinically integrated accountable care organization of the Baylor Health Care System, was highlighted in a session at the Health Information and Management Systems Society's annual conference that showed how utilizing predictive analytics successfully targeted high-risk, high-utilizing patients.

Wall Street Journal: How to Bring the Price of Health Care Into the Open

Shopping for health care based on price is still fairly rare and exceedingly difficult to do. However, the Wall Street Journal reports that the push toward price transparency is growing despite the barriers.

HIMSS14: Data mining yields insights on quality indicators

ORLANDO—Each day in 2013 generated an estimated 2.5 zettabytes of data, the equivalent of about 225 newspapers every day for every person on earth. “It boggles the mind how much digital footprint you have every day,” said Brett Trusko, PhD, MBA, president and executive director of the International Association of Innovation Professionals, during a session at the Health Information and Management Systems Society's annual conference.

HIMSS14: Going beyond predictive modeling for ICD-10

ORLANDO—With ICD-10 looming, leaders at Rice Memorial Hospital, 136-bed hospital in Minnesota, suspected clinical documentation and coding problems could hinder future compliance efforts.

University of Miami, Lockheed Martin team up on patient data technology

Lockheed Martin and the University of Miami Health System and Miller School of Medicine have launched a multi-disciplinary partnership deisgned to leverage emerging healthcare technology for improved patient care.

CMS adds measures to Physician Compare website

The Centers for Medicare & Medicaid Services has added new quality measures related to diabetes and heart disease treatment to its Physician Compare website.

Medicare Advantage Rate Cut Could Have Been Worse

Industry lobbying to minimize the 2015 cuts to Medicare Advantage rates was heavy, and when the announced cut came in at less than 2 percent, health insurance stocks rose.

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5 Things CHS Competitors Should Note in the Hospital Operator’s Recent Financials

In its end-of-year financials, Community Health Systems noted that the trend toward lower hospital admission numbers hurt profits. However, there was more in the report and earnings call that competitors should take note of.

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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