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.

CMS says rule would align quality reporting initiatives, reduce provider costs

The Centers for Medicare & Medicaid Services (CMS) proposed rule aims to align the physician quality reporting system with similar quality reporting initiatives to reduce the burden on providers, according to an Aug. 7 National Provider Call.

CSC: 'No magic bullet' for reducing readmissions, but health IT helps

Emerging healthcare payment models underscore the widespread belief that reducing hospital admissions will reduce healthcare costs, and although there is not a one-size-fits-all solution to accomplishing this goal, there are lessons hospitals can look to, according to a CSC report published in July.

mHealth World Congress: Become a mHealth innovator to better patient care

BOSTONSuccessful mHealth innovation projects start with an idea to enhance patient care, move from idea to development with clinician assistance and end with a practical tool that makes clinicians jobs easier. Childrens Hospital Boston Chief Innovation Officer Naomi Fried, PhD, and her co-panelists shared their tips for mhealth innovators on July 25 at the 4th annual mHealth World Congress.

Medicare beneficiaries are happier, healthier than those with private coverage

Medicare works better for its beneficiaries than private insurance. Those enrolled in Medicare were more likely to receive care, had fewer problems accessing care due to cost, were less likely to be financially burdened by medical bills and more likely to be satisfied with their insurance than those enrolled in employer sponsored insurance plans, according to an article published in the July issue of Health Affairs.

AMA develops guidelines for reporting doc profile data

While physician profiling programs have the potential to positively influence physician behavior and facilitate practice improvements, the information contained within physician data reports can be difficult to understand and utilize. To improve these potentially useful tools, the American Medical Association (AMA) has published guidelines for reporting physician data.

JAMA: Rigid regulatory framework can't fix complex healthcare system

Imagine a mechanical healthcare system in which each component interacts predictably with another to produce a predictable output that can be adjusted by tweaking a specific component. That system does not exist and treating the existing complex system as such sets it up for failure, according to a July 18 viewpoint published in the Journal of the American Medical Association.

OIG: Adverse events widespread, but hospitals fail to report

Hospitals treating a sample group of 780 Medicare patients in October 2008 severely underreported adverse events, despite the fact that the states in which the problems occurred require rigorous reporting. So said Health and Human Services Office of Inspector General (OIG) in a report released July 19.

AHRQ outlines plans for master patient registry

A master patient registry could be made available to researchers if an Agency for Healthcare Research and Quality request to create such a database is approved by the Office of Management and Budget.

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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