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.

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KLAS: Better business intelligence requires models from outside healthcare

Unlike most segments of health IT, which are dominated by a handful of healthcare-focused vendors, the enterprise business intelligence technologies deployed at hospitals are more likely to come from general software companies like SAP and IBM, according to a report from healthcare research firm KLAS.

JAMIA: Business intelligence leverages patient safety, financial efficacy

Targeted deployment of health analytics, or business intelligence applications, could improve patient outcomes, increase safety, enhance operational efficiency and reduce costs of healthcare, according to an article in the April edition of the Journal of the American Medical Informatics Association.

HIMSS: Buying an EMR system? Ask the tough questions up front

ATLANTA--The EMR vendor had the sharpest booth at a HIMSS show several years ago, with the nicest signage and the best demonstration. The vendor was also facing a lawsuit from customers who said it didn't deliver as promised.

Alpha II supplies partners with updated code sets

Healthcare coding, compliance and reimbursement provider, Alpha II, will equip its partners end-users with its latest code sets, ICD-9 CM, Current Procedural Terminology and Healthcare Common Procedure Coding System.

athenahealth buys SaaS provider for $22.3M

Watertown, Mass.-based athenahealth, a provider of Internet-based business services for physician practices, has signed a definitive agreement to acquire Anodyne Health Partners, which develops Software-as-a-Service (SaaS) business applications for healthcare providers.

athenahealth books 42% revenue increase for Q2

Internet-based physican-business service provider athenahealth has booked an increase in its unaudited 2009 second quarter fiscal results, which ended June 30.

CodeRyte, Coding Strategies partner for coding education

Coding Strategies, a auditing, education and reference consulting firm, and CodeRyte, a provider of computer-assisted coding, have announced plans to pool their collective resources to offer educational opportunities and coding expertise for the healthcare industry.

ACVP: Dont fear the RAC

Orlando, Fla.Cardiovascular Business News sat down with Patricia Dear, president of EduTrax, an online coding, compliance and billing resource for healthcare providers, to discuss Medicares recovery audit contractors (RACs), who make a percentage of overpayment monies they recover for the government. Dear was a speaker at the annual meeting of the Alliance for Cardiovascular Professionals (ACVP) in March.

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Around the web

Cardiovascular Business
FDA announces new recall of Johnson & Johnson heart pumps over safety concerns

No devices need to be returned at this time. However, the FDA warned, using these heart pumps without reviewing the updated instructions could result in "serious injury or death.” 

Cardiovascular Business
HeartBeam raising $10M for FDA-cleared health tech with public offering

The FDA recently cleared the company's cable-free, credit card-sized heart monitor that produces 12-lead ECGs.

Radiology Business
Mexico, not China, is biggest tariff concern among radiology vendors

If 25% tariffs go into effect, it could have a big impact on the cost of medical imaging and radiotherapy systems, with many manufacturing facilities in Mexico.