Has the Affordable Care Act Slowed the Growth of Health Care Spending?
For years, health care spending has outpaced economic growth. However, in 2012, health care spending as a share of the economy declined slightly for the second year in a row, based on official government statistics released at the outset of 2014. This news was greeted in some quarters as evidence that the Affordable Care Act (ACA) was beginning to bend the cost curve downward.Continue reading...
Healthcare Spending Decreased in Q1, Bureau of Economic Analysis Finds
Healthcare spending decreased by 1.4 percent year-over-year during the first quarter of this year, according to data released by the Bureau of Economic Analysis.
Healthcare spending decreased gross domestic product growth by 0.16 percent. Overall, the GDP shrank by 2.9 percent year-over-year, according to the data. These numbers contrast significantly with a preliminary report the BEA released earlier this year, which indicated healthcare spending skyrocketed by 9.9 percent year-over-year.Continue reading...
Promoting Patient Safety Through Effective Health Information Technology Risk Management
This research report was sponsored by the U.S. Office of the National Coordinator for Health Information Technology (ONC). It summarizes a project conducted by RAND Health, ECRI Institute, the University of Texas, and Baylor College of Medicine. The project facilitated the identification of safety risks associated with health information technology (IT) by 11 organizations (hospitals and ambulatory practices) and the implementation of risk management activities in each organization. The project also evaluated the implementation effort through site visits and phone interviews. This report summarizes the implementation process, six case studies, and recurring themes from the case studies that offer lessons for risk management of health IT in hospitals and ambulatory practices. The report will be of interest to federal and state policymakers, health care organizations, health IT developers, health services and health policy researchers, and others with responsibilities related to designing and implementing health IT and health IT risk management policies and programs.Read the report.
Women Died of Heart Attack More Than Men
Heart attack rates in women and men decreased overall but women died more often
Heart attacks pose a serious risk of death to everyone, but recent research suggests that risk might be greater for young to middle-aged women.
A new study found that women died in the hospital after a heart attack less often than they did a decade ago, but they still had a higher risk of death than men.Continue reading...
Largest US insurer's move signals industry shift
The nation's largest health insurer expects to play a much bigger role in the health care overhaul next year, as the federal law shifts from raising giant questions for the sector to offering growth opportunities.
UnitedHealth Group said Thursday that it will participate in as many as 24 of the law's individual health insurance exchanges in 2015, up from only four this year.
These state-based exchanges debuted last fall as a way for customers to buy individual health insurance, many with help from income-based tax credits. They played a key role in helping roughly 8 million people gain coverage for 2014.Continue reading...
CMS Releases Medicare Hospital Payment Data, New Online Tools
On June 2, CMS released Medicare hospital pricing data for 2012 in an effort to increase transparency, lower costs and improve the quality of care, The Hill reports (Al-Faruque, The Hill, 6/2).About the Data
The information, which was revealed at the annual Health Datapalooza conference in Washington, D.C., is the agency's first annual update to Medicare hospital charge, which compare the average amount a hospital charges for services provided with a similar inpatient stay or outpatient visit (HHS release, 6/2).Continue reading...
CMS releases PQRS, eRx progress report
The Centers for Medicare & Medicaid Services has released a new report on two of its pay-for-reporting incentive programs for eligible professionals (EPs): the Physician Quality Reporting System (PQRS) and electronic prescribing (eRx).
The 90 page report on 2012 participation results and trends in the programs demonstrates "exciting progress," according to CMS officials.Continue reading...
MedPAC Recommends No ASC Pay Increase for 2015; 3.25-5.25% Increase for HOPDs
On Friday, the Medicare Payment Advisory Commission approved a final recommendation for Medicare pay rates in 2015, recommending that ambulatory surgery centers get 0 percent pay raise, according to an AHA News report.
At the same time, MedPAC recommended increasing hospital inpatient and outpatient prospective payment systems by 3.25 percent in the absence of sequestration cuts and 5.25 percent if spending cuts continue. The sequestration that begun last April enacted automatic 2 percent Medicare payment cuts for the next 10 years.
However, MedPAC did suggest reducing or eliminating pay differences between hospital outpatient departments and physician offices for some procedures, as currently hospital outpatient departments are paid significantly more.Source
NHA is one of the 20 Most Promising Data Analytics Companies
Companies today recognize that they have opportunities to use data and analytics to raise productivity, improve decision-making, and gain competitive advantage. CIOs understand that analytics will define the difference between the losers and winners going forward. As the market evolves a vast array of data analytics technology and solution vendors are positioning themselves for leadership. A large number of venture-backed startups are battling against established BI and enterprise software providers.
While there are plenty to choose from, organizations that succeed with Big Data analytics will be those that understand the possibilities, see through the vendor hype and choose the right deployment model. In the last few months, we have looked at hundreds of data analytics companies and shortlisted the ones that are at the forefront of tackling the real analytics challenges. We present to you CIOReview's 20 Most Promising Data Analytics Companies. A distinguished panel comprising of CEOs, CIOs, VCs, industry analysts and the editorial board of CIOReview selected the Final 20.Continue reading...