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.

Report: Medical home presents 'promising' model for complex patients

Despite sometimes extreme differences among five patient-centered medical home-like healthcare organizations that researchers identified as promising models for treating patients with complex healthcare needs, they generally shared several qualities that researchers considered essential.

Joint Commission beefs up its board

The Joint Commission has appointed seven new members to its board of commissioners.

Report: Medical home employees have high morale, levels of job satisfaction

The patient-centered medical home (PCMH) delivery model is expected to coordinate and improve the quality of care, but little research has investigated the effects of the PCMH on provider and support staff morale, according to a report published Jan. 9 in the Archives of Internal Medicine. To learn how they feel, researchers surveyed employees of healthcare organizations with PCMH-like characteristics and received positive overall responses.

OIG: Only 14% of patient harm events are reported

Despite federal regulations requiring hospitals participating in Medicare to develop and maintain Quality Assessment and Performance Improvement programs, hospital incident reporting systems only captured an estimated 14 percent of patient harm events experienced by Medicare beneficiaries discharged in October 2008, according to a January Office of Inspector General (OIG) report.

HHS proposes electronic fund transfers to reduce admin costs

The Department of Health and Human Services (HHS) issued an interim final rule with comment period where the agency will adopt standards for the HealthCare Electronic Funds Transfers and Remittance Advice transaction under HIPAA to mitigate administrative costs for providers.

AHIMA: 2012's health IT must-see list revealed

Beginning in 2009 with the American Recovery and Reinvestment Act and the decision to adopt ICD-10, federal efforts to encourage health IT implementation have formed a labyrinth of initiatives for health IT professionals to navigate, according to an article in the Journal of American Health Information Management Association.  

CMS issues 35 core healthcare quality measures

The Centers for Medicare & Medicaid Services (CMS) has finalized an initial core set of 35 healthcare quality measures for Medicaid-eligible adults as required by the Patient Protection and Affordable Care Act.

JAMA: U.S. posts shortest stays, highest MI readmission rate

In an effort to reduce healthcare costs, the U.S. has succeeded in getting the length of hospital stays for myocardial infarction (MI) down, but the tradeoff may be in higher readmission rates, according to a study that compared 30-day MI readmission rates in the U.S. and 16 other countries. The study in the Jan. 4 issue of the Journal of the American Medical Association found that patients in the U.S. had the shortest median length of stay but also had a 68 percent increased risk of being readmitted within a month.

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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