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.

CareCore National and MedSolutions merge

BLUFFTON, SC AND FRANKLIN, TN – December 4, 2014 – CareCore National, LLC ("CareCore") and MedSolutions, Inc. ("MedSolutions"), two leading providers of Specialty Benefits Management (SBM) services to managed care organizations and risk-bearing provider organizations, today announced the completion of a merger that will help advance the companies‘ collective commitment to containing healthcare costs and achieving quality medical outcomes.

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Middle class healthcare spending rose 24% between 2007 and 2013

The Wall Street Journal released sobering analysis of basic spending by the American middle class this week based on consumer spending data from the Bureau of Labor Statistics. The report puts into stark relief the rising role of consumerism in healthcare delivery: Healthcare spending was up 24% and income rose a mere half percentage point.

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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vRads expands analytics portfolio with global practice information (GPI) report for radiology practices

MINNEAPOLIS, MN — (October 21, 2014) vRad (Virtual Radiologic), the nation‟s largest telemedicine company and radiology practice with over 500 physicians, now offers clients the GPISM (Global Practice Information) Report, a one-stop, automated, monthly analytics solution providing a 24x7 look inside their radiology practice, including consolidated summary and facility-level onsite and teleradiology metrics for effective overall practice management.

PenRad partners with Clinithink to optimize ICD-10 coding compliance at the point of dictation

ATLANTA--(BUSINESSWIRE)--PenRad Technologies, Inc, the market leader in Mammography Information Systems (MIS), today announced its partnership with Clinithink to refine the process of clinical documentation for radiologists in real-time. PenRad is embedding Clinithink's CNLP (Clinical Natural Language Processing) platform into its MIS solution to increase productivity, accuracy and efficiency of the mammography reporting workflow for its existing install base.

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Healthcare spending to exceed 10-year growth trend in GDP

Modest projected growth in the U.S. economy will help propel increases in health spending beyond growth in the GDP over the coming decade, according to a report from CMS published in Health Affairs.

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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.

Around the web

Prior to the final proposal’s release, the American College of Radiology reached out to CMS to offer its recommendations on payment rates for five out of the six the new codes.

“Before these CPT codes there was no real acknowledgment of the additional burden borne by the providers who accepted these patients."

The new images were captured at the European Synchrotron Radiation Facility using hierarchical phase-contrast tomography. One specialist called them "Google Earth for the human heart." 

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