GE to phase out hospital EHR product; FDA offering grant to analyze EHR data on drug risks;

News From Around the Web

> GE Healthcare has decided to phase out its hospital electronic health record product, Centricity Enterprise, in favor of its ambulatory EHRs, according to MedCity News. The inpatient EHR market is now dominated by very few large vendors; GE's hospital EHR product generated only about 5 percent of its total EHR revenue in recent years. Article

> The U.S. Food and Drug Administration (FDA) is offering a grant of up to $1 million to turn large amounts of EHR data into usable figures highlighting post-market risks of various drugs, according to FDAnews. The goal is for the agency to be able to perform continuous risks assessments and benefits of drugs after they hit the market. The project will focus not only on the best uses of the data, acknowledging any limitations, but also account for biases in observational studies. Applications are due by June 15. Announcement

Health Finance News

> The convoluted nature of Medicare's rules on observation status and follow-up care has significant financial implications for beneficiaries, according to a study from the American Association of Retired Persons (AARP).  Observation patients are at a disadvantage if they are transferred from a hospital to a skilled nursing facility (SNF) for follow-up care, which Medicare will only cover if their inpatient hospital stay lasts at least three consecutive days. Article  

> Healthcare spending is quickly on the rise--as is job growth, according to new data released by the Altarum Institute. Yet price growth remains low.  Spending grew 6.6 percent between February 2014 and last February, one of the highest growth rates reported in years. Article

Health Insurance News   

> The percentage of Americans with a favorable view of the Affordable Care Act has surpassed the percentage of those with an unfavorable view for the first time since November 2012, according to the latest Kaiser Health Tracking Poll. The poll found 43 percent of Americans have a favorable view of the ACA, while 42 percent look unfavorably upon it. Article

> As the Affordable Care Act's rules and regulations continue to evolve, payers need health IT tools and analytics to better asses overall clinical and financial performance across multiple dimensions, according to a recent report from IDC Health Insights. However, various factors affect the implementation of payer analytics, including the development of value-based payments. Article

And Finally... We can all relate to this guy. Article