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.

Virtusa offers ICD-10 migration assessment

Virtusa, a global IT services consulting company, has designed a customized migration assessment tool to help healthcare organizations determine the potential financial impact of transitioning from ICD-9 to ICD-10.

NEJM: Americas Medicare choice is key to deficit reduction

With the introduction of Congressman Paul Ryan's (R-WI) Roadmap for Americas Future, Congress has now been presented with distinct alternatives for tackling Medicare reform. But as the debate heats up along increasingly partisan lines, an April 20 New England Journal of Medicine perspective article argued that savings and costs are uncertain under both plans.

CMS proposed rule links payments to QI

The Centers for Medicare & Medicaid Services (CMS) has issued a proposed rule to update Medicare payment policies and rates for hospitals in fiscal year 2012, with the goal of improving care quality and patient outcomes.

AMGA: Physician turnover rate mirrors economy

In 2010, physicians' turnover rate was 6.1 percent, up slightly compared to the rate of 5.9 percent in 2009, according to the sixth annual Physician Retention Survey conducted by the American Medical Group Association (AMGA) and Cejka Search.

10 organizations test NCQA's ACO accreditation

Ten healthcare organizations have finished testing the National Committee for Quality Assurance accreditation program for accountable care organizations. 

Health Affairs: Medical errors cost U.S. $17 billion in 2008

Measurable medical errors that harmed patients cost an estimated $17.1 billion in 2008, according to research published in the April edition of Health Affairs. This figure amounted to 0.72 percent of the $2.39 trillion spent on healthcare that year in the U.S.

Rhode Island physician among first to attest for MU

April 18 marked the first day physicians could attest to the Department of Health and Human Services (HHS)  to receive Medicare incentive payments for meaningful use of EHRs. Douglas Foreman, DO, a family physician in Warwick, R.I., will be among the first physicians in the U.S. to attest to meeting Stage 1 requirements for Medicare meaningful use of health IT, according to Ingenix.

Brief: Plenty of room for improvement in U.S. healthcare

Despite progress during the past decade, the nation still faces challenges in making healthcare safe, effective, efficient, patient-centered, timely and free of disparities, according to a health policy brief from Health Affairs and the Robert Wood Johnson Foundation.

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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