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.

U of Mich. Health System added to Great Lakes HIE

University of Michigan Health System (UMHS) has been connected to the Great Lakes Health Information Exchange (GLHIE) to extend the availability of electronic patient health information across lower Michigan and northern Ohio.

GE's EHR gremlin may prohibit meaningful use attestation

Eligible hospitals that have already attested to meaningful use in 2011 through the Medicare EHR Incentive Program via GE Healthcare ITs Centricity Practice Solution and Centricity EMR may want to think twice before closing the books on that initiative.

HHS' primary care demo funds 500 centers with $42M

Five hundred community health centers in 44 states across the country will receive approximately $42 million over three years to improve the coordination and quality of care to Medicare patients, the U.S. Department of Health and Human Services (HHS) announced.

DoJ, FTC firm up Shared Savings Program policy

Because the Medicare Shared Savings Program final rule will no longer require a mandatory antitrust review for certain collaborations as a condition of entry into the program, the final policy statement no longer contains provisions relating to mandatory antitrust review, according to a final policy statement from the Federal Trade Commission (FTC) and Department of Justice (DoJ).

Premier has mixed feelings on final ACO rule

Multiple payment models with the accountable care organization (ACO) program is a big hit to Premier healthcare alliance, a hospital and healthcare stakeholder-owned performance improvement organization, which released a statement on the Centers for Medicare & Medicaid Services (CMS) final rule on ACO requirements.

New $100M fund seeks to spur tech innovation, reduce healthcare costs

Gary and Mary West, co-founders of the West Wireless Health Institute, have formed the West Investment Fund, a $100 million investment fund that will provide risk capital for innovative healthcare technology companies that offer the potential to lower the cost of healthcare.

Circ: Two hospital ranking methods found lacking

The two principal methods for ranking hospitals based on a composite performance measure for coronary artery disease (CAD) appear to be similarly capable of stratifying according to process of care, but neither showed a strong correlation with 30-day risk-standardized mortality or readmission rates, according to a study published Oct. 18 in Circulation: Cardiovascular Quality and Outcomes. The authors urged that more studies be done to better understand measures ability to discriminate quality.

Study: Racial disparities must be overcome with health IT

The U.S. healthcare system is not well designed to provide equitable care, as evidenced by the prevalence of disparities in care by race, ethnicity, language and social status, according to a study in the October issue of The Joint CommissionJournal on Quality and Patient Safety. As the United States invests in the design and implementation of health IT, consideration must be given to the impact that these innovations have on the quality and cost of healthcare for all patients, including those who experience disparities, wrote the study authors.

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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