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.

Feature: Putting practices in place to curb HF readmissions

Despite recent efforts to reduce readmission rates in the U.S., results from a report by the Dartmouth Atlas Project showed a large regional variation in 30-day readmission rates, particularly for Medicare beneficiaries post-acute care. The average readmission rate in the U.S. currently stand at 16.1 percent, which shows that more needs to be done to close gaps in care. To help get a handle on readmissions, providers from Spectrum Health have developed cardiac care solutions for patients to try and reduce heart failure readmissions.

Stanford breach affects 20K, suit seeking $20M in damages

A class action complaint has been filed against Stanford Hospitals and Clinics for the unlawful disclosure of confidential medication information obtained from patients on a public website.

NCI grants Harris $37M contract for clinical data management

Harris, an International communications and IT company based in Melbourne, Fla., has been awarded a $37 million contract by the National Cancer Institutes Center for Cancer Research, in which Harris will manage clinical data for the NCIs intramural clinical trials program.

NEJM: Healthcare reform jurisdictional issues are not cut-and-dry

The jurisdictional issues of the Patient Protection and Affordable Care Act (PPACA) are currently cloudy with a low chance of predictability in how the Supreme Court will resolve them, according to a perspective paper published Oct. 5 in the New England Journal of Medicine.

AHIMA: Failing to see healthcare quality as a science is 'huge mistake'

SALT LAKE CITYCarolyn M. Clancy, MD, director of Agency for Healthcare Research and Quality (AHRQ), used a quotation from Peter Pronovost, MD, PhD, an intensive care physician from Johns Hopkins in Baltimore to lay out her keynote presentation at the American Health Information Management Association (AHIMA) conference: The fundamental problem with the quality of American medicine is that weve failed to view the delivery of healthcare as a science thats a mistake, a huge mistake.

JAMIA: Duke unlocks cohort identification potential

Complementary approaches are needed to harness both retrospective and real-time data to identify potential study recruits and alert appropriate staff, according to an article published in an online article in the Journal of the American Medical Informatics Association.

Verizon, Duke to tackle health IT efforts as one

Communications company Verizon and Duke University have formed a strategic agreement to jointly develop health IT initiatives to attempt to drive better care, expand access and lower costs.

Stanford to defend itself against class action suit on data breach

A purported class action lawsuit was filed against Stanford Hospital & Clinics (SHC) and outside vendor Multi-Specialty Collection Services (MSCS) on grounds that MSCS caused some confidential information about patients who visited Stanford Hospitals emergency room to be posted on a website. SHC intends to vigorously defend the lawsuit that has been filed as it acted appropriately and did not violate the law as claimed in the lawsuit, an Oct. 3 statement from the Stanford, Calif.-based provider stated.

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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