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.

Healthcare behind on business intelligence

Healthcare has not caught up to other industries when it comes to business intelligence, as more than half of healthcare organizations have not implemented such systems, according to a survey conducted by TEKsystems.

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The Payment Revolution: Volume- to Value-based Physician Compensation

The migration from volume- to value-based reimbursement in physician-compensation plans will have an impact on all health-care providers in the near future. All practice models, including small and large physician practices, as well as hospitals that employ physicians, will be compelled to reconsider physician compensation plans to account for costs, quality, and patient satisfaction.

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Mayo Clinic, tech companies launch bedside analytics company

A Mayo Clinic academic clinical team and technology entrepreneurs announced the launch of Ambient Clinical Analytics, a new company focusing on providing bedside critical decision support tools for ICU, operating room and emergency departments.

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Report: QUEST hospitals save lives, $11B

While national hospital costs have increased by 37 percent since 2008, costs for hospitals in Premier's QUEST collaborative have risen only 14 percent and remained flat for the past year.

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Leading Rural Hospital Provider Weathering 2-Midnight Change

On the fourth-quarter earnings call with investors, LifePoint hospital leaders made clear that in their review of the reasons admissions declined at their facilities, the new CMS two-midnight rule was not the primary culprit. 

Seven organizations join Optum Labs collaborative

Optum Labs, a collaborative research and innovation center founded by Optum and Mayo Clinic, announced the addition of seven new charter partners.

New York Times Asks If Saving Money on Health Care Hurts Economy

The New York Times Sunday Review notes that the health care sector has "repeatedly helped to pull the economy from recession in recent decades." However, in this recession's recovery, the health care sector has not been of much help. Health care spending is growing more slowly than the economy and health care employment is also lagging.

Health Care Employment Anemic as Sequestration Cuts Continue

When the accross-the-board cuts to Medicare reimbursement mandated by the sequestration provision in the Budget Control Act of 2011 were about to go into effect, the American Hospital Association (AHA), the American Medical Association (AMA) and the American Nurses Association (ANA) warned that the cuts would lead to reductions in health care employment. Now that the cuts have been in place for a year, growth in health care employment does seem to be slowing.

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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