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.

The data are in: Corporate wellness programs work

Corporate wellness programs can return as high as $3 for every $1 invested, as they are linked to reduced healthcare costs, increased productivity, decreased absenteeism and higher job satisfaction, according to a Huffington Post blog.

October 27, 2014

Physician groups owned by hospitals see higher medical costs

Medical costs are up to 20 percent higher at hospital-owned physician groups, according to Los Angeles Times. 

October 22, 2014

CVS prescription-drug plan costs more at stores selling tobacco

CVS Health is using its tobacco-free policy as a way to one-up rivals. The chain's pharmacy benefits unit is offering a prescription-drug plan that charges patients more if they buy their meds at drugstores that sell tobacco products, according to Wall Street Journal.

October 21, 2014
Malpractice

Medical malpractice reform won’t yield big savings

A new study from the Rand Corp. refutes the notion that medical malpractice reform will generate major savings, reports The Washington Post.

October 18, 2014

Kaiser: State Medicaid spending growing more slowly than total spending

Implementation of the coverage expansions in the Affordable Care Act resulted in higher enrollment and total overall spending growth in Medicaid during fiscal years 2014 and FY 2015, but full federal government financing of the Medicaid expansion population means that state Medicaid spending has grown more slowly than total spending, according to the Kaiser Family Foundation.

October 16, 2014

ActX Joins Greenway Online Marketplace for Comprehensive Health IT Solutions, Offering Integrated Genomic Decision Support

SEATTLE--ActX today announced it has joined the Greenway Health online Marketplace of value-added partners for users of Greenway’s integrated electronic health record (EHR) and practice management solutions.

October 15, 2014
scales of justice

Nursing home chain to pay $38M settlement for improper billing, poor care

Extendicare, one of the largest nursing home chains in the U.S., has agreed to a $38 million settlement to resolve federal claims that it improperly billed for physical therapy and provided such poor care that it was effectively worthless, reports The New York Times.

October 11, 2014

Prime Healthcare to acquire six hospitals

In a controversial move, Prime Healthcare Services has reached a deal to acquire six hospitals in California, reports Los Angeles Times.

October 11, 2014

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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