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.

Wall Street Journal: How to Bring the Price of Health Care Into the Open

Shopping for health care based on price is still fairly rare and exceedingly difficult to do. However, the Wall Street Journal reports that the push toward price transparency is growing despite the barriers.

February 26, 2014

New York Times Asks If Saving Money on Health Care Hurts Economy

The New York Times Sunday Review notes that the health care sector has "repeatedly helped to pull the economy from recession in recent decades." However, in this recession's recovery, the health care sector has not been of much help. Health care spending is growing more slowly than the economy and health care employment is also lagging.

February 11, 2014

Press Ganey’s Quality PerformerSM Hospital eMeasures Solution Certified to Support Meaningful Use Stage 2 Clinical Quality eMeasures Reporting for Hospitals

February 5, 2014, South Bend, Indiana – Press Ganey, the leading patient experience improvement firm, today announced that its Quality PerformerSM Hospital eMeasures 1.3 solution has been certified for use by eligible hospitals to meet Meaningful Use Stage 2 Clinical Quality eMeasures reporting requirements as of December 5, 2013. Certified as an EHR Module under the Drummond Group’s Electronic Health Records Office of the National Coordinator Authorized Certification Body (ONC-ACB) program, this solution is compliant in accordance with the criteria adopted by the Secretary of the U.S. Department of Health and Human Services (HHS).

February 5, 2014

Leading Big Data Healthcare Analytics Company GNS Healthcare Secures Funding to Support Major Market Expansion

GNS Healthcare, a leading provider of big data analytics products and services in healthcare, today announced the completion of a $10M Series B financing. Cambia Health Solutions, a Series A investor, was joined in the round by two additional strategic investors: California's Heritage Provider Network, and Mitsui & Co. (U.S.A.), Inc. ("Mitsui USA"). This round of financing will be used to expand GNS Healthcare's successful data analytics business across the healthcare industry.

February 1, 2014

Cigna Earns NCQA Disease Management Accreditation

The strength of Cigna's (NYSE: CI) chronic condition support programs has been recognized by the National Committee for Quality Assurance (NCQA), a private, non-profit organization dedicated to improving health care quality. Cigna has received NCQA Patient and Practitioner Oriented Disease Management (DM) Accreditation for asthma, chronic obstructive pulmonary disease, congestive heart failure, coronary artery disease, depression, and diabetes.

December 21, 2013

Greenway Medical Technologies and Inovalon Enter into Strategic Agreement

Inovalon, Inc., a leading provider of data-driven healthcare solutions, today announced that Greenway Medical Technologies, Inc. has entered into a multi-year engagement that enables Inovalon's advanced healthcare data analytics for payers and providers to leverage Greenway's PrimeSUITE electronic health record (EHR) platform, further enabling improvements in clinical and quality outcomes, and financial performance.

December 3, 2013

Healthcare Analytics & Medical Analytics Market (Predictive Modeling, Clinical Analytics, Financial Analytics & Others) - Trends & Global Forecasts to 2017

Healthcare organizations have large amounts of data but often do not have the tools to bring the data together for useful business information and planning. Healthcare analytics is the systematic use of data and related business insights developed through applied analytical disciplines such as, statistical, contextual, quantitative, predictive, cognitive, other including emerging model to drive fact-based decision making for planning, management, measurement and learning. Analytics may be descriptive, predictive or prescriptive.

December 2, 2013

Patent Covering GNS Healthcare's Big Data Analytics in Healthcare Issued

GNS Healthcare today announced that U.S. Patent 8,571,803, entitled "Systems and Methods for Modeling and Analyzing Networks," has been issued, relating to significant innovations in automated causal data analytics.  The patent covers key methods underlying REFS(TM), a computational platform that automatically builds predictive and explanatory models from big data.

December 2, 2013

Around the web

Half a year after President Biden officially directed federal agencies in the executive branch’s bailiwick to “seize the promise and manage the risks” of AI, the White House has posted a status report.

U.S. physicians often receive payments from medical device manufacturers and pharmaceutical companies. New research in JAMA found a connection between receiving such payments and using specific devices—should the industry be concerned? 

Five of the largest U.S. medical societies focused on cardiovascular health are one step closer to seeing their paradigm-shifting proposal become a reality.

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