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.

AHRQ provides guidelines for evaluating medical homes

Patient-centered medical homes (PCMH), healthcare organizations that employ a coordinated delivery model designed to provide cost-effective care, are emerging as efforts to cure the fragmented nature of the healthcare system. However, there are few standards to guide evaluations of PCMHs' effectiveness, which has prompted the Agency for Healthcare Research and Quality (AHRQ) to make PCMH evaluation recommendations.

Johns Hopkins, Lockheed Martin align over ICU improvement

The Armstrong Institute for Patient Safety and Quality of Johns Hopkins Medicine and Lockheed Martin are working together to build a better intensive care unit (ICU).

Mass. Rep. asks IOM to develop CDS standards for less alarm fatigue

In a Dec. 15 letter to U.S. Department of Health and Human Services' (HHS) Secretary Kathleen Sebelius, Rep. Edward Markey, D-Mass., formally requested that the Institute of Medicine (IOM), to reduce alarm fatigue and create best practice guidelines for vendors developing computerized decision support (CDS) systems.

NEJM: Hospitals' fixed costs prevent QI from saving money

The widespread belief among healthcare professionals that improved clinical care quality leads to reduced costs could be wrong. The fixed costs associated with operating a healthcare organization largely remain the same regardless of reduced resource utilization, Stephen Rauh, MBA, MS, argued in a Dec. 15 perspective in the New England Journal of Medicine.

NQF Webinar: Vendors, providers challenged by measuring health IT quality

Quality measures are expected to play a large part in the fight to lower healthcare costs while increasing quality of care, but building quality measurement sets that are compatible with a wide range of EHRs and other health IT products has proven difficult for both vendors and healthcare provider organizations.

Blue Cross offers free use of analytics tools to ACP practices

Independence Blue Cross (IBC), an independent, Philadelphia-based licensee of the Blue Cross and Blue Shield Association, announced that it has partnered with the American College of Physicians and will allow up to 100 practices one year of free access to its new online resource, the Medical Home Builder 2.0, which contains analytics tools designed to improve scheduling, patient education and coordination of care.

Circ: New economic tool helps discern best HF intervention program

As hospital staffing units work to provide quality care to patients, their overarching goal must be to tie high quality with a low price tag. Now, a homegrown economic costing tool may help administrators better budget these programs. Researchers at Duke University have developed the TEAM-HF Costing Tool, which generates comprehensive cost estimates to help healthcare managers pinpoint healthcare interventions that are most valuable to patients.

Sirio takes on role of CMIO at U. of Toledo

Carl Sirio, MD, is leaving his job at the Temple University School of Medicine in Philadelphia to take on three jobs at the University of Toledo in Toledo, Ohio: vice president for medical affairs, associate dean for clinical affairs and CMIO. The multiple titles, Sirio said, reflect the healthcare systems need to break down silos and collaborate.

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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