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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Wolters Kluwer Health acquires Firecracker

Wolters Kluwer Health acquired Firecracker, an adaptive learning and study-planning application used by 20 percent of medical students, following a March 5 announcement of a signed agreement.

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Limiting hours of resident shifts improves satisfaction—but not educational outcomes

Limiting medical residents to 16-hour work shifts, instead of allowing for longer stretches, increased satisfaction with training but did not affect overall educational outcomes. Findings were published March 20 in the New England Journal of Medicine.

ACP's Erickson on administrative tasks, reducing physician burnout

In a March 7 session presented at HIMSS18 in Orlando, Shari Erickson, MPH, vice president of government affairs and medical practice at the American College of Physicians (ACP), discussed how healthcare organizations can reduce administrative tasks to reduce physician burnout.

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50% of consumers would change physicians for a better online healthcare experience

A report presented March 5 at HIMSS found 59 percent of American consumers want a healthcare digital customer experience to be more like online retailers.

AHIMA lists 3 ways to better prepare for audits

In a recent article from the American Health Information Management Association (AHIMA), experts discussed three possible methods to reduce the increasing amounts of audits received by providers and health information management professionals.

Moody’s reports medical device industry may see up to 5% growth

The future of the medical products and device industry is brightening, according to Moody’s investors Service, which upgraded its outlook from stable to positive. Moody’s predicts “continued product innovation” and synergies from acquisitions will drive growth of earnings before interest, depreciation and amortization (EBITDA) of between 4 and 5 percent over the next 12 to 18 months.

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7 findings on precision medicine's advancements—despite barriers

Oracle Health Sciences has announced the findings of a study outlining current and future plans, as well as barriers, for precision medicine and its impact on life sciences and healthcare communities.

Nihon Kohden Launches NK-HIQ Wireless Patient Monitoring System at HIMSS18

Nihon Kohden has announced the commercial launch of its NK- HiQTM Wireless Patient Monitoring System, a smart, secure data acquisition and management platform that leverages Wi-Fi technology to provide safe continuous patient monitoring in the hospital setting. With a suite of fully featured central station, bedside, transport and wearable patient monitors, the system captures and manages patient data from admission to discharge, seamlessly throughout the enterprise. The company will showcase its NK-HiQ system at Nihon Kohden’s HIMSS18 booth (10925) in Las Vegas, March 5–8.

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Around the web

Health Exec
These health systems have the biggest digital health portfolios

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.

Health Exec
Toylike robot pleases counseling clients where humanoid counterpart struggles to connect

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.

Health Exec
Medsender, Patagonia Health team up to aid public health efforts against COVID-19

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.