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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CMS Final Rule extends Stage 2; Delays requirements

CMS on Friday announced in a final rule that it will delay some requirements of its meaningful use program, allowing providers to continue to receive incentive payments if they haven't yet adopted electronic health records (EHR) software that was certified under the 2014 criteria.  

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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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Toy in the Cracker Jacks box for numbers hounds

Even though Los Angeles is roasting, I’m certain that I feel an extra chill in the morning and evening air. Maybe it’s just that I know fall is around the corner, but I feel what I know: Summer is coming to a close. 

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Medical device tax: Projection shortfall or error?

This week the Treasury Inspector General for Tax Administration (TIGTA), the federal office that acts as watchdog to the IRS,  issued a report stating that the revenue generated by the medical device tax fell seriously short of expectations, generating $913.4 million in Q2 and Q3 2013 versus the anticipated $1.2 billion. The revenue from this tax is earmarked to pay for healthcare insurance expansion under the Affordable Care Act.

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Forecasting error ousts Walgreens' CFO

Walgreens chief financial officer and its pharmacy chief lost their jobs to a billion dollar projection error in its Medicare-related business.

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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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Community Health Systems Reports Largest Hacking-Related HIPAA Breach; 4.5 Million Patients Affected

The records of an estimated 4.5 million patients of Community Health Systems (CHS) potentially have been compromised by computer hackers. Community Health Systems, which operates 206 hospitals across the U.S. announced earlier this week that its data security was compromised when hackers broke in and stole patient data. 

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Driving Change Using Business Intelligence

The Obama Administration is still actively engaged in redefining healthcare in the U.S.  During this period of change, radiologists are seeking out a more prominent seat at the table as contributors in defining and directing patient care and ultimately, in improving patient health outcomes while reducing overall healthcare costs.

Around the web

The ACR hopes these changes, including the addition of diagnostic performance feedback, will help reduce the number of patients with incidental nodules lost to follow-up each year.

And it can do so with almost 100% accuracy as a first reader, according to a new large-scale analysis.

The patient, who was being cared for in the ICU, was not accompanied or monitored by nursing staff during his exam, despite being sedated.