Management

This page includes content on healthcare management, including health system, hospital, department and clinic business management and administration. Areas of focus are on cardiology and radiology department business administration. Subcategories covered in this section include healthcare economics, reimbursement, leadership, mergers and acquisitions, policy and regulations, practice management, quality, staffing, and supply chain.

Bloomberg News: Administration's Studies of New Payment Systems Employ Faulty Data Analysis

The government's release of first-year cost-savings results for its accountable care organization (ACO) project and the Centers for Medicare and Medicaid Services (CMS) Innovation Center delivery system reform pilot projects have drawn criticism from both the New York Times and the Washington Post, which published articles pointing out the problems with drawing conclusions from studies that are not true randomized controlled trials. In short, correlation is not causation, and the early results, while interesting, are not the same as proof that ACOs and new reimbursement methods like bundled payments actually deliver better care more cheaply. In a commentary, Bloomberg News summarized the controversy.

New York Times Asks If Saving Money on Health Care Hurts Economy

The New York Times Sunday Review notes that the health care sector has "repeatedly helped to pull the economy from recession in recent decades." However, in this recession's recovery, the health care sector has not been of much help. Health care spending is growing more slowly than the economy and health care employment is also lagging.

Press Ganey’s Quality PerformerSM Hospital eMeasures Solution Certified to Support Meaningful Use Stage 2 Clinical Quality eMeasures Reporting for Hospitals

February 5, 2014, South Bend, Indiana – Press Ganey, the leading patient experience improvement firm, today announced that its Quality PerformerSM Hospital eMeasures 1.3 solution has been certified for use by eligible hospitals to meet Meaningful Use Stage 2 Clinical Quality eMeasures reporting requirements as of December 5, 2013. Certified as an EHR Module under the Drummond Group’s Electronic Health Records Office of the National Coordinator Authorized Certification Body (ONC-ACB) program, this solution is compliant in accordance with the criteria adopted by the Secretary of the U.S. Department of Health and Human Services (HHS).

Leading Big Data Healthcare Analytics Company GNS Healthcare Secures Funding to Support Major Market Expansion

GNS Healthcare, a leading provider of big data analytics products and services in healthcare, today announced the completion of a $10M Series B financing. Cambia Health Solutions, a Series A investor, was joined in the round by two additional strategic investors: California's Heritage Provider Network, and Mitsui & Co. (U.S.A.), Inc. ("Mitsui USA"). This round of financing will be used to expand GNS Healthcare's successful data analytics business across the healthcare industry.

Cigna Earns NCQA Disease Management Accreditation

The strength of Cigna's (NYSE: CI) chronic condition support programs has been recognized by the National Committee for Quality Assurance (NCQA), a private, non-profit organization dedicated to improving health care quality. Cigna has received NCQA Patient and Practitioner Oriented Disease Management (DM) Accreditation for asthma, chronic obstructive pulmonary disease, congestive heart failure, coronary artery disease, depression, and diabetes.

Greenway Medical Technologies and Inovalon Enter into Strategic Agreement

Inovalon, Inc., a leading provider of data-driven healthcare solutions, today announced that Greenway Medical Technologies, Inc. has entered into a multi-year engagement that enables Inovalon's advanced healthcare data analytics for payers and providers to leverage Greenway's PrimeSUITE electronic health record (EHR) platform, further enabling improvements in clinical and quality outcomes, and financial performance.

Healthcare Analytics & Medical Analytics Market (Predictive Modeling, Clinical Analytics, Financial Analytics & Others) - Trends & Global Forecasts to 2017

Healthcare organizations have large amounts of data but often do not have the tools to bring the data together for useful business information and planning. Healthcare analytics is the systematic use of data and related business insights developed through applied analytical disciplines such as, statistical, contextual, quantitative, predictive, cognitive, other including emerging model to drive fact-based decision making for planning, management, measurement and learning. Analytics may be descriptive, predictive or prescriptive.

Patent Covering GNS Healthcare's Big Data Analytics in Healthcare Issued

GNS Healthcare today announced that U.S. Patent 8,571,803, entitled "Systems and Methods for Modeling and Analyzing Networks," has been issued, relating to significant innovations in automated causal data analytics.  The patent covers key methods underlying REFS(TM), a computational platform that automatically builds predictive and explanatory models from big data.

Around the web

Updated compensation data includes good news for multiple subspecialties. The new report also examines private equity's impact on employment models and how much male cardiologists earn compared to females.

When drugs are on the FDA’s shortage list, outsourcing facilities can produce their own compounded versions. When the FDA removed tirzepatide from that list with no warning, it created a considerable amount of chaos both behind the scenes and in pharmacies all over the country. 

If passed, this bill would help clinician-led clinical registries explore Medicare data for research purposes. The Society of Thoracic Surgeons and American College of Cardiology both shared public support for the bipartisan legislation. 

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