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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Controversy over federal funding for medical training

In an NPR story, some professional societies and associations expressed concern over a new report from the Insitute of Medicine that calls for more accountability in the distribution of funding for medical graduate education. 

Cutting reimbursements will cost more in the long run

The current physician piecemeal reimbursement model ultimately drives up the costs of healthcare according to Sandeep Jauhar, MD. In a New York Times editorial he explains that while overutilization is certainly a factor, cutting payments to physicians is a self-defeating strategy, forcing them to increase the number of patients they see, which reduces the amount of time spent with each one. Busy doctors call on others to help with the patient load, often times specialists who may order more tests, driving up costs. "There is no more wasteful entity in medicine than a rushed doctor," says Jauhar.  

ICD-10 attitudes survey validates official delay

Just before the transition to ICD-10 was officially delayed, NueMD conducted a survey of 1,300 healthcare professionals to gauge their attitudes towards ICD-10.

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Is it time to reassess your revenue cycle management strategy?

Sponsored by Canopy Partners

When the dust settles from all the recent activity and changes in the healthcare environment, it will soon become clear that there has been a major shift in the way healthcare is practiced, measured, and compensated.

Deadline Looms for “High Risk” Enrollees

According to an article in the Wall Street Journal, there is a significant segment of high risk individuals with pre-existing medical conditions currently enrolled in a federal health insurance program that is slated to close on March 31, 2014. This federal program was created shortly after the 2010 health law was passed to offer assistance to those people who couldn’t get coverage from commercial insurers because of their pre-existing medical conditions. There was $5 billion in funding set aside to cover this group’s medical claims through December 31, 2013. 

Feds Seize Records in Zwanger-Pesiri Medicare Probe

According to an article published in NewsDay, Federal agents raided the corporate headquarters of Zwanger-Pesiri Radiology in Lindenhurst on Tuesday, March 11, seizing the records of the business that operates 12 medical offices on Long Island, NY.