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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Using Business Intelligence to Enhance Practice Management

Zotec

In an environment where radiologists are consistently being asked to do more with less, a simple increase in production is no longer a viable remedy to a problem. Practice managers and physician owners need to work smarter, instead of just harder. Using business intelligence data for predictive analytics, they are beginning to run their practices more efficiently, but also more effectively, challenging the status quo and using data to affect change. 

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Employers to offer more telemedicine options in 2015; reap benefit of potential savings

According to the results of a survey published today by global analytics company Towers Watson, more U.S. companies plan to increase the use of telemedicine to lower healthcare spending costs in 2015. Telemedicine has the potential to deliver more than $6 billion in healthcare savings per year to U.S. companies, according to the report.

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Back on track

The fall season is commonly known as the time that people get "back on track". Healthcare is no exception. With the official ICD-10 transition deadline finally announced, radiology practices can get back to the business of preparing physicians and staff for the new coding implementation.

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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. 

CMS finally confirms official coding deadline

The Centers for Medicare and Medicaid Services (CMS) announced late last week that October 1, 2015, is officially the new transition date for the International Classification of Diseases 10th Revision (ICD-10) coding system in healthcare claims. 

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AHIMA article clarifies need for ICD-10 changes; dispels misconceptions

Since the announcement of the ICD-10 delay earlier this year, many healthcare providers have questioned the need to continue spending on staff and physician training. Additionally, some questioned whether ICD-10 would be implemented at all, and the transition would simply be made to the ICD-11 coding. An article in the current issue of the Journal of AHIMA addresses some of the most common concerns surrounding ICD-10 and intends to dispel several misconceptions.

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Johns Hopkins and Kaiser Permanente Announce Partnership

Two of the nation’s most well-known healthcare organizations, Johns Hopkins Medicine and Kaiser Permanente, announced a strategic collaboration that joins one’s academic research and clinical capabilities with the other’s expertise in population health management.

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Lung-cancer screening: A long time coming

A recent study published in the journal Cancer concluded that patient anxiety associated with a false positive lung-cancer screening was no greater at one and six months post-screening than that of patients who received a negative result.