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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Feedback on opioid prescribing data improves clinicians' self-perceptions

Providing emergency department (ED) clinicians with feedback on their opioid prescribing led to a significant decrease in future prescriptions, according to a study published April 2 in Academic Emergency Medicine.

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Are imaging costs, utilization leading to increased spending in Massachusetts?

In 2015, Medicare spent $762.1 million on imaging services in Massachusetts, with per beneficiary spending 14 percent higher than the average state. A Boston Business Journal report suggests increased imaging costs and higher utilization of imaging services are to blame.

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Massachusetts patients rack up expensive imaging services, costing the state millions in Medicare

Massachusetts doctors are quick to refer patients for expensive imaging services like MRI and CAT scanning, the Boston Business Journal reported this week—and it cost the federal government an estimated $27 million in 2015.

Lower health literacy results in poorer surgical recovery outcomes

For outpatient surgery, those with lower health literacy experienced poorer recovery and decreased quality of life, according to an April 25 study published in JAMA Surgery.

36% of readmissions at 7 days could be prevented

More than one-third of readmissions within seven days of discharge—36 percent—are preventable, according to research published May 1 in the Annals of Internal Medicine.

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Former UPMC radiologist faces $1M fine, 20 years in prison for illegally distributing Vicodin

Former University of Pittsburgh Medical Center (UPMC) radiologist Marios D. Papachristou waived indictment and pleaded guilty May 3 to federal charges of healthcare fraud and illegally distributing controlled substances to non-patients, the U.S. Department of Justice has announced.

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University of Arkansas for Medical Sciences receives gift of $1M for breast cancer research

The Winthrop P. Rockefeller Cancer Institute at the University of Arkansas for Medical Sciences (UAMS) has received a $1 million donation from the estate of Linda Garner Riggs, a former Arkansas insurance commissioner who died in November 2017. The money will be used to fund research into triple negative breast cancer.

Favorable cardiovascular modifiable risk factor may lower expenditures

The absence of atherosclerotic cardiovascular diseases (ASCVD) and a favorable cardiovascular modifiable risk factor (CRF) are associated with “significantly” lower costs among cancer patients, according to a study published May 1 in the Journal of the American Heart Association.