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.

HCI-DC 2014: Advancing big data

Big data is technology that brings data and architecture together so some analytic platform can turn data into wisdom, said John D. Halamka, MD, CIO of Beth Israel Deaconess Medical Center in Boston, speaking at Health Care Innovation Day, an event jointly hosted by the Office of the National Coordinator for Health IT and the West Health Institute.

HCI-DC 2014: Cancer, big data and interoperability

The past 40 years has produced major advances in cancer care, with imaging and genomics revealing the molecular abnormalities in individual tumors in vast detail.

Press Ganey’s Quality PerformerSM Hospital eMeasures Solution Certified to Support Meaningful Use Stage 2 Clinical Quality eMeasures Reporting for Hospitals

February 5, 2014, South Bend, Indiana – Press Ganey, the leading patient experience improvement firm, today announced that its Quality PerformerSM Hospital eMeasures 1.3 solution has been certified for use by eligible hospitals to meet Meaningful Use Stage 2 Clinical Quality eMeasures reporting requirements as of December 5, 2013. Certified as an EHR Module under the Drummond Group’s Electronic Health Records Office of the National Coordinator Authorized Certification Body (ONC-ACB) program, this solution is compliant in accordance with the criteria adopted by the Secretary of the U.S. Department of Health and Human Services (HHS).

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DoD launching data mining effort targeting cancer

The Department of Defense is launching a $45 million data mining project, called Big Mechanism, to help track and advance cancer research, according to a Defense Advanced Research Projects Agency announcement.

VA, Kaiser partner to improve data sharing

The Veterans Health Administration and Kaiser Permanente will pool their resources to research and share best practices.

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New Study Casts Doubt on High-Price Hospitals' Value

A study in the February issue of Health Affairs examining characteristics of high-price hospitals adds strength to the argument that market clout and reputation allow some hospital systems to negotiate better rates from payors and drive up costs.

Walgreens turns to big data analytics to improve care

Big data analytics is coming to Walgreens' health clinics. The company is implementing a patient assessment tool and technology platform to bolster improvements in care, quality and risk score accuracy programs in more than 400 healthcare clinics at select locations, according to an announcement.

Leading Big Data Healthcare Analytics Company GNS Healthcare Secures Funding to Support Major Market Expansion

GNS Healthcare, a leading provider of big data analytics products and services in healthcare, today announced the completion of a $10M Series B financing. Cambia Health Solutions, a Series A investor, was joined in the round by two additional strategic investors: California's Heritage Provider Network, and Mitsui & Co. (U.S.A.), Inc. ("Mitsui USA"). This round of financing will be used to expand GNS Healthcare's successful data analytics business across the healthcare industry.

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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