investments news from FierceHealthcare
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SPOTLIGHT: New HCA Midwest head faces big challenges
Pay-for-performance investments to become more common
Trend: Hospitals investing in patient lifting devices
Questions arise over future of physician-owned hospitals
Trend: Hospitals embracing ASC trend
ALSO NOTED: CMS bans Medicaid chemotherapy coverage for noncitizens; MD med mal insurer doesn't want subsidy; and much more...
Trend: Nursing home investors cut costs to the bone
SPOTLIGHT: When cost-saving plans backfire
With passion for health reform at a high across the U.S., fervor for cutting healthcare costs has never been higher. However, cutting costs is proving to be even harder than it looks. Of late, providers are increasingly being asked to make investments--such as electronic medical records--which could squeeze costs out of the healthcare system. The problem is, often the upfront costs are high and the benefits far in the future. Article
Execs indicted on $79M bid-rigging charges
A group of six men have been indicted on federal charges that they rigged bids for a $79 million IT project. The group, which includes contractors, a military officer, the officer's son and a prominent healthcare consultant, is accused of steering IT contracts for roughly 20 Army hospitals to companies with which they were affiliated or companies they controlled. In some cases, the contracts were designed such that only a specific company could get them, and in others, the bidding process …
Read more...Study: Hospital, MD malpractice claim size up
While malpractice claims against hospitals and doctors have stabilized over the past year, the average claim size has gone up, according to the results of an annual study by the American Society for Healthcare Risk Management (ASHRM) and and risk management firm Aon. The study, which reviewed about 48,000 claims totaling $4.4 billion, found that for the second year in a row, the volume of claims filed held steady. However, it also found that average claim sizes continue to increase at a …
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