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.

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5 Things CHS Competitors Should Note in the Hospital Operator’s Recent Financials

In its end-of-year financials, Community Health Systems noted that the trend toward lower hospital admission numbers hurt profits. However, there was more in the report and earnings call that competitors should take note of.

10 ICD-10 Questions Physician Senators Want CMS to Answer this Week

Concerned that the Centers for Medicare and Medicaid Services (CMS) plans for front-end testing of the ICD-10 system during the week of March 3 is too brief and too limited in scope, U.S. Senators and physicians Tom Coburn, M.D. (R-Okla.), John Barrasso, M.D. (R-Wyo.), John Boozman, O.D. (R-Ark.), and Rand Paul, M.D. (R-Ky.) have requested that the Centers for Medicare and Medicaid Services (CMS) answer their questions about the testing by February 26.

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ICD-10 debate rages on

The Centers for Medicare & Medicaid Service has responded to calls for more thorough ICD-10 testing, announcing that it will conduct end-to-end testing to a small sample group of providers this summer.

CMS to conduct end-to-end ICD-10 testing this summer

The Centers for Medicare & Medicaid Service (CMS) announced that it will conduct end-to-end ICD-10 testing to a small sample group of providers this summer.

Healthcare behind on business intelligence

Healthcare has not caught up to other industries when it comes to business intelligence, as more than half of healthcare organizations have not implemented such systems, according to a survey conducted by TEKsystems.

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The Payment Revolution: Volume- to Value-based Physician Compensation

The migration from volume- to value-based reimbursement in physician-compensation plans will have an impact on all health-care providers in the near future. All practice models, including small and large physician practices, as well as hospitals that employ physicians, will be compelled to reconsider physician compensation plans to account for costs, quality, and patient satisfaction.

GOP senators want info on CMS ICD-10 testing plans

Another group has called federal ICD-10 testing plans into question. This time, a group of Republican senators have sent a letter to Centers for Medicare & Medicaid Administrator Marilyn Tavenner warning that inadequate testing of ICD-10 code sets could result in "system-wide errors and delay[s]" similar to those that hampered the launch of HealthCare.gov.

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Mayo Clinic, tech companies launch bedside analytics company

A Mayo Clinic academic clinical team and technology entrepreneurs announced the launch of Ambient Clinical Analytics, a new company focusing on providing bedside critical decision support tools for ICU, operating room and emergency departments.

Around the web

The tirzepatide shortage that first began in 2022 has been resolved. Drug companies distributing compounded versions of the popular drug now have two to three more months to distribute their remaining supply.

The 24 members of the House Task Force on AI—12 reps from each party—have posted a 253-page report detailing their bipartisan vision for encouraging innovation while minimizing risks. 

Merck sent Hansoh Pharma, a Chinese biopharmaceutical company, an upfront payment of $112 million to license a new investigational GLP-1 receptor agonist. There could be many more payments to come if certain milestones are met.