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.

HIMSS14: Harnessing analytics to identify HACs, predict readmissions

ORLANDO—Starting Oct. 1, acute care hospitals with the highest number of acquired infections will see their Medicare payments reduced by 1 percent. With this reality looming, leaders at Chicago-based Northwestern Memorial Hospital shared their efforts to harness data analytics and workflow tools to more accurately identify and report on safety and quality incidents at the Health Information and Management Systems Society annual conference.

HIMSS14: Predictive analytics with an eye to the future

ORLANDO—Providers can achieve big savings if they focus their lens on preventable visits. Baylor Quality Alliance, a Texas-based clinically integrated accountable care organization of the Baylor Health Care System, was highlighted in a session at the Health Information and Management Systems Society's annual conference that showed how utilizing predictive analytics successfully targeted high-risk, high-utilizing patients.

HIMSS14: Data mining yields insights on quality indicators

ORLANDO—Each day in 2013 generated an estimated 2.5 zettabytes of data, the equivalent of about 225 newspapers every day for every person on earth. “It boggles the mind how much digital footprint you have every day,” said Brett Trusko, PhD, MBA, president and executive director of the International Association of Innovation Professionals, during a session at the Health Information and Management Systems Society's annual conference.

HIMSS14: Going beyond predictive modeling for ICD-10

ORLANDO—With ICD-10 looming, leaders at Rice Memorial Hospital, 136-bed hospital in Minnesota, suspected clinical documentation and coding problems could hinder future compliance efforts.

University of Miami, Lockheed Martin team up on patient data technology

Lockheed Martin and the University of Miami Health System and Miller School of Medicine have launched a multi-disciplinary partnership deisgned to leverage emerging healthcare technology for improved patient care.

CMS adds measures to Physician Compare website

The Centers for Medicare & Medicaid Services has added new quality measures related to diabetes and heart disease treatment to its Physician Compare website.

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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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

U.S. health systems are increasingly leveraging digital health to conduct their operations, but how health systems are using digital health in their strategies can vary widely.

When human counselors are unavailable to provide work-based wellness coaching, robots can substitute—as long as the workers are comfortable with emerging technologies and the machines aren’t overly humanlike.

A vendor that supplies EHR software to public health agencies is partnering with a health-tech startup in the cloud-communications space to equip state and local governments for managing their response to the COVID-19 crisis.

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