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.

White House launches health IT initiatives

Innovation Exchanges for Health IT, an initiative from the White House Startup America Initiative in partnership with the Department of Health and Human Services (HHS), has announced its several upcoming events.

AJR: Web-based event rad reporting system increases efficiency

A web-based event reporting system may erase some of the shortcomings associated with older safety reporting models in large radiology departments, noted researchers in a study published in the September issue of American Journal of Roentgenology.

HBMA disagrees with CMS fee schedule from a billing perspective

Since the Centers for Medicare & Medicaid Services (CMS) issued a notice of proposed rulemaking (NPRM) with changes to the 2012 Medicare Physician Fee Schedule, organizations including the American College of Radiology, the Medical Group Management Association and the American Academy of Family Physicians have responded with criticism. Healthcare Billing & Management Association (HBMA) has joined the list of those organizations unhappy with the CMS' NPRM.

JGIM: eRx assists medication adherence

People who receive medical care in an integrated healthcare system with EHRs linked to its own pharmacy system more often filled and collected new medication prescriptions for diabetes, cholesterol and high blood pressure medications than do people who receive care in a non-integrated system, according to a study published online in the Journal of General Internal Medicine.

MGMA, AAFP implore CMS to reconsider fee schedule changes, PQRS

The Medical Group Management Association (MGMA) and the American Academy of Family Physicians (AAFP) have sent separate letters asking the Centers for Medicare & Medicaid Services (CMS) to revise its proposed Medicare Part B Physician Fee Schedule for 2012 to lessen administrative burdens related to IT and adjust the value of primary care services.

Study: Higher hospital volumes lead to safer surgeries

Researchers have found an inverse relationship between hospital volume and inhospital adverse events, according to a study published Aug. 30 in Health Services Research.

NEJM: Does meaningful use equal meaningful benefits?

As the broad adoption of EHRs accelerates, the challenge of ensuring that meaningful use actually leads to meaningful benefits, such as improvements in safety and quality of care, remains a serious concern, according to an article published Aug. 31 in the New England Journal of Medicine.

KLAS: Oncology IT needs integration/functionality one-two punch

While most practices appear to be relieved that meaningful use incentives have raised the bar for oncology information systems vendors and brought both enterprise EMR and niche health IT vendors into the market, most are not fully satisfied with the current offerings, according to a report from healthcare market researcher KLAS.

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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