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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Looking ahead: Compliance with regulations on CT equipment and dose monitoring

One of the topics weighing heavily on the minds of those providers who perused all the new CT imaging equipment on display at RSNA 2014 was the new legislation dedicated to medical imaging as it relates to making provisions to more strictly control CT dosage requirements under NEMA Standard XR-29-2013.

RamSoft PowerServer Achieves ONC HIT 2014 Edition Complete EHR Certification from ICSA Labs

RamSoft PowerServer 6.0 has achieved ONC HIT 2014 Edition complete EHR certification, which designates that the software is capable of supporting eligible providers with meeting the Stage 1 and Stage 2 Meaningful Use measures required to qualify for funding under the American Recovery and Reinvestment Act (ARRA).  PowerServer 6.0 was certified on October 10, 2014 by ICSA Labs, an Office of the National Coordinator-Authorized Certification Body (ONC-ACB) and is compliant in accordance with applicable criteria adopted by the Secretary of Health and Human Services (HHS).

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Data Discrepancies Leave Insured at Risk in Georgia

More than 20,000 insured Georgians have until this Friday to provide missing information to their health insurance exchange (HIX) plan or they will lose their coverage on September 30.

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Insurers to Fund Independent HIE in California with $80 Million

The formation of a new health information exchange was recently announced in California that would make the medical records of nine million patients, representing more than a quarter of the state’s population, available to network physicians and hospitals.

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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.