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.

Microsoft, National Minority Quality Forum launch trial network

The National Minority Quality Forum has launched a collaboration between its National Health Index (NHI) and Microsoft to launch the National Clinical Trial Network designed to address challenges in clinical trials.

Viewpoint: Thought leaders banter on information vs. data

Clinical Innovation + Technology published a viewpoint on Feb. 5 by Ken Elek, MD, about information versus data. The following is a response submitted by Brian Martin, MD, founder and CMIO of Sedeo, a clinical analytics firm delivering strategic intelligence to the pharmaceutical industry, along with Eleck's rebuttal.

CHOP earns ACO accreditation

The Children's Hospital of Philadelphia (CHOP) is the first children's hospital to earn the National Committee for Quality Assurance's accreditation as an accountable care organization (ACO). 

Hospital group comments on challenges to quality reporting

The Federation of American Hospitals is urging the Centers for Medicare & Medicaid Services (CMS) to avoid duplicative quality reporting programs as the agency works to determine how best to use EHRs to support the Hospital Inpatient Quality Reporting Program.

AHRQ director Clancy to step down later this year

The director of the American Healthcare Research and Quality (AHRQ), Carolyn M. Clancy, MD, is planning to step down later this year after a decade leading the agency.

Castillo to direct quality evals for Joint Commission

The Joint Commission has appointed Daniel J. Castillo, MD, as the medical director in the division of healthcare quality evaluation, for which he will lead clinical, research and patient safety issues.

AHA commends ONC for patient safety policy, pushes for MPI

The American Hospital Association (AHA) has issued a letter to the Office of the National Coordinator for Health IT (ONC) to congratulate the agency on its patient safety action plan that recognizes the shared responsibility of vendors, clinicians, providers and federal agencies in ensuring that health IT systems are designed, implemented and used to mitigate harm and promote safety. However, the association also encouraged more focus on a single, national master patient index (MPI).

CMS to develop system for long-term care quality reporting

The Centers for Medicare & Medicaid Services (CMS) will develop a new records system to facilitate quality reporting for long-term hospital care, according to a posting Feb. 6 in the Federal Register.

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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