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.

New data center eases access, cost of CMS data

The new Virtual Research Data Center is a secure and efficient means for researchers to virtually access and analyze the Center for Medicare & Medicaid Services' healthcare data.

ECRI Institute and Data Leverage Group Collaborate to Streamline Healthcare Value Analysis

ECRI Institute, a nonprofit that researches the best approaches to patient care, announces a new agreement with Data Leverage Group, which specializes in value analysis workflow solutions for hospitals and health systems.

Joint Commission recognizes hospitals achieving quality measures

The Joint Commission’s Annual Report on Quality and Safety named 1,099 hospitals as achieving a spot on its Top Performer on Key Quality Measures program. These hospitals represent 33 percent of all Joint Commission-accredited hospitals reporting accountability measure performance data for 2012, and include general, children’s, psychiatric, surgical specialty and critical access hospitals, according to the 60-page report.

Connected Health: Big data has yet to produce big ROI

BOSTON—“I don’t think big data has generated a big return on investment for sick or healthy people,” said Chris Kryder, MD, MBA, chairman of Valence Health, speaking during a panel discussion about big data’s impact on healthcare at Partners HealthCare’s 10th Annual Connected Health Symposium.

ECRI releases health IT hazard reporting system

ECRI Institute’s Patient Safety Organization (PSO) announced the release of a health IT hazard reporting system that utilizes the Agency for Healthcare Research and Quality's common formats and a tested standardized taxonomy for health IT hazard information.

NSF awards $893K in grants for data mining EHRs

The National Science Foundation awarded three Texas universities a cumulative $892,587 to develop an EHR data mining framework to conduct risk stratification for personalized intervention.

Vanderbilt using biostatistics software to fight readmissions

Vanderbilt University Hospital is testing a new computer program designed to estimate patients' risk of returning within 30 days.

Providers lag behind payers in big data and analytics

Healthcare organizations lag behind payers in adopting big data and analytics technology, according to research published by IDC Health Insights, a research firm based in Framingham, Mass.

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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