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.

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U.S. News adds patient reviews on doctor profile pages

U.S. News & World Report and Binary Fountain have announced a collaboration that will allow U.S. News to publish patient experience ratings on its doctor profile pages.

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Half the advice on implanted cardiac defibrillators from online message boards is inaccurate

Online message boards giving medical advice about implanted cardiac defibrillators (ICDs) are only accurate about half the time, according to research set to be presented at the American Heart Association's Quality of Care and Outcomes Research Scientific Sessions 2018.

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Patient portals could be causing additional patient stress

Patient portals are touted as a new avenue to improve engagement. But this new method of communication may be the cause of addition stress in the patients, according to the Washington Post.

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Online physician reviews don't correlate with patient satisfaction surveys

Negative online physician reviews are not mimicked in patient satisfaction surveys, according to a study published April 2018 in Mayo Clinic Proceedings.

30% of patients have left appointments due to long wait times

If patients end up sitting around for too long, they may just walk out. According to a recent report by Vitals, long wait times led to 30 percent of patients leaving appointments at least once and 20 percent reported changing physicians.

62% of patients favor non-clinical factors when reviewing physicians

Patients overwhelmingly take non-clinical factors of care like compassion, comfort, personality and bedside manner into account when choosing a physician, according to a report by Healthgrades and the Medical Group Management Association (MGMA).

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Mayo Clinic, Mytonomy partner to develop breast cancer education videos

Mayo Clinic and Mytonomy, a provider of cloud-based patient education and information services, announced a collaboration to develop short videos addressing questions concerning breast cancer treatment.

Who benefits from the American healthcare system

Patients in the United States pay about $5,000 per person on healthcare but are not healthier than people in other countries. In article by The Economist, authors examined exactly where the money goes, and which firms profit the most.

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.