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Finance

Benefits of ACOs to Both Patients and Providers

April 24, 2014 by Linda Ringquist

One of the goals of the Affordable Care Act (ACA) is to provide coordinated care which, in turn, increases quality and efficiency within the healthcare field, and reduces costs. Have you considered the benefits of ACOs from both the patient and provider perspectives?[read more]

Can We Survive an Epidemic of Corporate Wellness?

April 24, 2014 by Michael Kirsch

Ilya Ilyich Mechnikov

If a company truly believes that wellness is right for workers and business, then create a corporate culture that encourages this and provide leadership. If it’s really as good an idea as they say, then folks over time will be persuaded to do join in. Leave the financial rewards and penalties off the field.[read more]

How Are You Using Physician Data Mining?

April 24, 2014 by Abby Norman

The pay for performance model of payment has been the preference of health insurance companies for several decades. Pay for performance measures are meant to validate payments to physicians in accordance with The Affordable Care Act by using data mining techniques to keep tabs on physician costs.[read more]

Are You Seeing Greater Consumer Scrutiny of Healthcare Prices? You Will

April 24, 2014 by Karen Corrigan

The number of consumers inquiring about healthcare prices is increasing. Some just want to know what a specific procedure or drug will cost. Others want to understand their out-of-pocket contributions. And many, many more complain about prices and pricing structures that, quite frankly, just don’t make sense.[read more]

Why US Healthcare Costs More

April 23, 2014 by Terry Simpson

Expensive healthcare / shutterstock

Why are healthcare costs in the United States twice that of other countries? Healthcare inflation has been going on for decades, and although its rise has slowed the last few years, the costs of healthcare threaten to consume both the federal and state budgets and are still a leading cause of bankruptcy in the United States. The main reason is price.[read more]

One Medical Group Scoops Up Additional Funding

April 21, 2014 by Deanna Pogorelc

Concierge primary care practice One Medical Group has raised more than $117 million in capital with the addition of a new $40 million round announced today. That’s a lot of cash for the seven-year-old company, which now runs 27 primary care offices in six tech-savvy cities including San Francisco, Boston, New York and Chicago.[read more]

The Cost of Resistance: Clinical Coding Optimization

April 21, 2014 by Abby Norman

medical coding savings

Physician practices may be lagging behind hospitals when it comes to implementing clinical coding software. The hesitation to do so is costing them not only efficiency in coding, but reimbursements withheld due to avoidable errors. So, why are practices resisting the new technology? The short answer is, upfront cost.[read more]

Prescription Drugs in the United States [INFOGRAPHIC]

April 18, 2014 by Indy Kavelaars

Prescription drugs (Source: Clarityway)

Here's a great infographic about prescription drugs in the United States. The information contained within it leads us to this conclusion: medication adherence must be optimized. This is possible with a medication adherence support system or a prescription drug monitoring program.[read more]

Improving Clinical Outcomes by Addressing Social and Basic Needs

April 17, 2014 by Tim Kilpatrick

address social and basic needs

Our healthcare system is not designed to address social and basic needs. But reducing the cost of healthcare and improving clinical outcomes may be more about addressing the social and basic needs of super-utilizers (50% of all spending) than it is about clinical care.[read more]

The Aesthetics and Reconstructive Surgery Products Global Market

April 16, 2014 by Patrick Driscoll

Aeshetics & reconstructive surgery products

Global medical aesthetic products are to achieve sales of more than $6.5 billion in 2013. Through 2018 the market is expected to reach a value of about $10.7 billion. Europe has been witnessing relatively a slower growth of 6.6% per year. The U.S. market still represents 45% of the global market.[read more]

Health IT Venture Capital Report: Consumer-Focused Tech Is Capturing More Early-Stage Deals

April 16, 2014 by Deanna Pogorelc

Healthcare IT VC Funding

Analysts are already saying that it will be a good year for healthcare IT companies looking for venture capital. Communications and consulting firm Mercom Capital is showing results from its first-quarter investment analysis that finds that healthcare IT companies raised more VC money last quarter than in any quarter before.[read more]

Bundled Payments: Rewarding Quality and Value

April 16, 2014 by Linda Ringquist

Transformation to bundled payments

The Medicare reimbursement system is in the process of transforming healthcare as we know it from a traditional fee-for-service model to a system that rewards based on quality, care coordination, accountability, and healthcare cost savings. Here's an outline of benefits and risks.[read more]