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.

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.

Innovative radiology management company helps hospitals grow their radiology business

LAS VEGAS, August 1, 2014 –Current economic factors have created many challenges for hospitals and medical providers, yet one radiology practice is defying the odds.  As Nevada’s largest provider of leading-edge diagnostic and interventional imaging, Las Vegas-based Desert Radiologists has emerged as one of the country’s largest and most successful private radiology practices.

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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. 

Around the web

The all-in-one Omni Legend PET/CT scanner is now being manufactured in a new production facility in Waukesha, Wisconsin.

After reviewing years of data from its clinic, one institution discovered that issues with implant data integrity frequently put patients at risk. 

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.

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