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.

Improving Financial Performance Through Employee Engagement: BHS Case Study

By early 2007, Birmingham, Alabama-based Baptist Health System (BHS) was facing significant systemic problems with its staff and management—problems that were creating tough-to-surmount financial repercussions. Alan Bradford, chief human resource officer at BHS, clearly recalls the difficulties the organization was facing: "The momentum of the

HIMSS: Hard-wiring standards via CPOE equates to better outcomes, revenues

ORLANDO, Fla.--Facility-wide physician education, along with the implementation of a computerized provider order entry (CPOE) system, can result in improved standardization and a reduction of blood transfusions, said medical oncologist C. Eric Hartz, MD, CMIO at Eastern Maine Medical Center in Bangor. Hartz described the project and its results at his facility during a Feb. 21 presentation at HIMSS11.

HIMSS: Value emerging from secondary uses of EHR data

ORLANDO, FLA. -- Much to my amazement, standards and interoperability [for health IT] have occurred, said Christopher G. Chute, MD, DrPH, of Mayo Clinic in Rochester, Minn., during an educational session Feb. 20 at the Physicians IT Symposium at HIMSS.

Report: Healthcare takes 10.7% share of U.S. employment

U.S. healthcare employment accounted for 10.7 percent of total employment in January, an increase of more than one percentage point since 2007, according to a recent report from Altarum Institute.

Webinar: HIMSS Analytics gauges hospitals' progress on meaningful use

In a survey to assess hospitals' adoption of health IT and meeting meaningful use, 27 percent of 442 hospitals are expecting to achieve all 14 core meaningful use measures by May 2012, according to John P. Hoyt, executive vice president of organizational services at the Health Information Management and Systems Society (HIMSS) during a webinar this week concerning public policies and health IT adoption.

SAS, GE Healthcare team up to boost patient safety

SAS and GE Healthcare have entered into a joint development and marketing agreement that enables GE Healthcare to apply SAS technology to analyze patient safety information to help hospitals prevent adverse medical events.

Elsevier/MEDai hones clinical surveillance tools

Elsevier/MEDai, a provider of clinical analytics systems, has launched the latest version of Pinpoint Review, its real-time clinical surveillance system for hospitals. The new version will feature an expanded set of clinical watch triggers, expanded core measure alerts and three new predictions: ICU Admission Prediction, Length of Stay Prediction and Mortality Prediction.

GAO says no to contract protests

The U.S. Government Accountability Office (GAO) last week denied protests to over $372 million for two contracts related to healthcare.

Around the web

One product is being pulled from the market, and the other is receiving updated instructions for use.

If the Trump administration continues taking a laissez-faire stance toward AI—including AI used in healthcare—why not let the states go it alone on regulating the technology? 

Boston Scientific has announced another significant M&A deal, scooping up an Israeli medtech company focused on RDN technology.