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.

HHS tightens rules on financial conflicts of interest

The U.S. Department of Health and Human Services (HHS) has released updated regulations on financial conflicts of interest for investigators and institutions that apply for Public Health Service (PHS) funding. The update is designed to provide a framework for identifying, reporting and managing financial conflicts of interest in an effort to enhance transparency and avoid conflicts that may bias research results and threaten credibility and public trust.

AJMQ: Patient safety programs work

Patient safety programs help hospitals ward off infectionsand save money. Those are among the conclusions reached by researchers at the Johns Hospkins Bloomberg School of Public Health who found that one patient safety program in Michigan resulted in savings of as much as $53,000 per infection averted, according to a cost-effective analysis published in the September issue of the American Journal of Medical Quality.

AR: Comparative effectiveness raging for diagnostic evidence

Comparative effectiveness research (CER) will likely continue to be an important effort in generating evidence regarding the most effective diagnostic and therapeutic procedures, according to an article published in the September edition of Academic Radiology.

KLAS: Business intelligence acceptance on the rise

Although enterprise business intelligence (BI) tools are growing in acceptance, industry agnostic solution vendors are still making a good showing in healthcare, according to a recent report from market researcher KLAS.

Report: Hospitals gradually increasing IT operations budget

During recessions, fewer than 50 percent of IT organizations increase their IT operational budget, according to an August report from research firm Computer Economics. This finding was upheld in 2009 and 2010, and the Irvine, Calif.-based firm predicted the IT spending recession has largely paused with 60 percent of IT organizations now increasing their IT operational budgets.

9 states, D.C. defend healthcare reform's constitutionality

California Attorney General Kamala D. Harris has filed a brief in the U.S. Court of Appeals for the Eighth Circuit supporting the constitutionality of the Patient Protection and Affordable Care Act, and urging the court to affirm the states' rights to protect the health and safety of its citizens.

300K exposed in California data breach

Identity theft prevention service provider Identity Finder reportedly discovered that a website exposed documents containing hundreds of individuals health information and database files containing approximately 300,000 names and Social Security numbers of California residents who applied for workers' compensation benefits.

JAMA: NLP strikes admin advantages

Use of natural language processing (NLP) performed better at identifying postoperative surgical complications than the commonly used administrative data codes in EMRs, according to a study in the Aug. 24/31 issue of Journal of American Medical Association.

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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