Healthcare Spending News and Resources for Healthcare

Adherence to Clinical Decision Support Cuts Costs by $1K Per Patient

August 30, 2018 - Adhering to a real-time clinical decision support system embedded in the EHR helped providers at Cedars-Sinai cut wasteful healthcare spending by almost $1000 per patient and improve patient outcomes, according to a study published in The American Journal of Managed Care. The alerts appeared in the EHR workflow when physicians’ care instructions deviated from evidence-based...

Atul Gawande to Lead Amazon, Berkshire, JPMorgan Healthcare Company

June 20, 2018 by Jennifer Bresnick

Brigham and Women’s surgeon Dr. Atul Gawande will be leading Amazon’s most significant leap into the healthcare industry yet by becoming CEO of the partnership between the e-commerce giant, JPMorgan Chase, and Berkshire...

CVS Health Cuts Red Tape with Real-Time Prescription Cost Data

March 13, 2018 by Jennifer Bresnick

Access to real-time data at the point of care may be one of the healthcare industry’s highest priorities, yet it remains one of its most elusive goals. From interoperability issues, workflow barriers, and data aggregation woes...

CVS Health to Bulk Up Big Data Analytics Ahead of Aetna Deal

February 09, 2018 by Jennifer Bresnick

Solid growth in the fourth quarter of 2017 and a massive income tax break are allowing CVS Health to invest in more big data analytics technologies ahead of its proposed acquisition of Aetna, the company said in its latest earnings...

CVS Health, Epic Systems Using Big Data to Control Drug Costs

October 17, 2017 by Jennifer Bresnick

CVS Health and Epic Systems have launched a strategic big data analytics initiative aimed at controlling prescription costs, the two companies announced this week. CVS Health, which uses Epic electronic health records (EHRs) in its...

Cost is a Primary Driver of Medication Non-Adherence Rates

September 11, 2017 by Jennifer Bresnick

The high cost of prescription drugs is what drives 67 percent of patients into medication non-adherence, according to the latest Truven Health Analytics-NPR Health Poll, contributing to a multi-billion-dollar issue that is of particular...

How Many Emergency Department Visits are Really Avoidable?

September 05, 2017 by Jennifer Bresnick

Reducing emergency department utilization is a top goal for many population health management and value-based care initiatives, but how many trips to the ED could actually be classified as “avoidable” in the first...

ICU Admissions from Opioid Overdoses Increase 34% Since 2009

August 17, 2017 by Jennifer Bresnick

The number of opioid overdoses requiring admission to intensive care has skyrocketed by more than a third since 2009, bringing higher death rates and significantly more spending on high-intensity hospital care, according to a new study...

Nutrition Risk Assessment Saves $4.8M, Cuts Hospital Readmissions

August 11, 2017 by Jennifer Bresnick

Implementing a patient nutrition care program at four Chicago-area hospitals helped Advocate Health Care accrue more than $4.8 million dollars in savings by reducing hospital readmissions and shortening inpatient stays, according to a new...

Decision Support, Big Data Analytics Reduce Hospital Blood Use

July 25, 2017 by Jennifer Bresnick

Big data analytics and the implementation of clinical decision support guidelines can help hospitals and health systems reduce unnecessary blood use and associated spending, according to a pair of new studies released this week. At a cost...

Artificial Intelligence in Healthcare Market to See 40% CAGR Surge

July 24, 2017 by Jennifer Bresnick

The advent of true artificial intelligence in healthcare may still be some way off, but strong interest in achieving the goals of AI is producing a significant surge of investment in advanced machine learning, predictive analytics, and...

Brown Gets $1.1M to Study Medicare Post-Discharge Care Quality

June 05, 2017 by Jennifer Bresnick

The Peterson Center on Healthcare has announced a two-year $1.1 million grant that will allow researchers at Brown University to study how to improve post-discharge care coordination for Medicare beneficiaries. The new initiative will...

Clinical Decision Support App May Cut CTs for Head Injuries

May 24, 2017 by Jennifer Bresnick

A clinical decision support (CDS) application that includes patient education and risk stratification may be able to reduce the delivery – and costs – of unnecessary CT scans for minor head injuries, says a new study in the...

Cardiovascular Disease May Incur $1 Trillion in Costs by 2035

February 15, 2017 by Jennifer Bresnick

Over the next two decades, cardiovascular disease is likely to impact 45 percent of the United States population and generate more than $1.1 trillion in chronic disease management costs, acute care spending, and lost productivity per year,...

EHR Use Correlated with Higher Rates of Blood, Imaging Tests

January 25, 2017 by Thomas Beaton

A recent study published in the American Journal of Managed Care (AJMC) found that physicians using electronic health records tended to order more CBCs, CT scans, and x-rays for their patients than non-EHR users, calling into question the...

Population Health, Big Data Strategies Could Reduce $2B Waste

January 16, 2017 by Jennifer Bresnick

The employer-based health insurance industry leaks approximately $2 billion each year due to wasteful or preventable spending across the care continuum, according to a new report by the American Health Policy Institute (AHPI). But a...

EHR Data, Machine Learning Create Cost-Based Clinical Pathways

December 14, 2016 by Jennifer Bresnick

Healthcare organizations may be able to better identify variations in best practices for chronic disease management by utilizing EHR data and machine learning analytics to combine clinical and cost information, says a new article from...

High-Need Patients a Challenge for Population Health Management

September 06, 2016 by Jennifer Bresnick

Patients with functional limitations that keep them from living independently are a major challenge for providers focused on population health management, according to a new Commonwealth Fund data brief, especially because these patients...

Geisinger Patient-Centered Medical Home Cuts Care Costs by 9%

June 02, 2016 by Jennifer Bresnick

The debate over the true value of the patient-centered medical home (PCMH) continues with a new study by Geisinger Health System, which indicates that the comprehensive care framework may be able to reduce the total costs of patient care...

Could Blockchain Control Population Health Management Costs?

May 16, 2016 by Jennifer Bresnick

As the healthcare industry continues its journey from volume to value, payers and providers alike are continually seeking new strategies to contain costs, improve outcomes, and rise to the challenges of population health...

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