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October 21, 2009
 
  Spotlight 
  • Proactive approach to payment, error detection improves payment accuracy for payers and providers
     

    Organizations that pay for health care services face intense competitive pressures to control premiums. At the same time, they are focused on ensuring that their members receive the best possible care and that physicians receive fair, timely payments. Juggling these goals while managing costs has become even more difficult during the economic recession.

    In the past, payers focused cost control efforts on identifying and recovering overpayments or erroneous payments. However, Dean Farley, vice president of Ingenix Consulting, says a prospective or pre-payment approach to managing payments and controlling costs will facilitate better results throughout the system.

    "Everyone in health care has a vested interest in ensuring that those who need medical care receive it and that those delivering it are paid promptly," Farley stated. "When providers know in advance what they will be paid for treating specific conditions or patients, they have additional incentives to achieve better outcomes and deliver care as efficiently as possible." Click here to continue reading this article online. Email this Story
 

  Employers 
  • American Heart Association: Wellness programs save money
    The American Heart Association issued a policy statement noting that employee wellness programs can help people reduce heart disease risk factors, including obesity, smoking and high blood pressure. "Research shows that companies can save anywhere from $3 to $15 for every $1 spent on health and wellness within 12 to 18 months of implementing a [workplace wellness] program," said the lead author of the statement. U.S. News & World Report/HealthDay News (9/30) Email this Story
  • Fresh idea leads to huge drop in workers' comp claim costs
    When managers at his company couldn't think of light-duty jobs for injured workers, Hal Beeler took a different tack and asked managers for a list of duties they'd like to have done around their offices but didn't have the resources for. Since those duties were often suitable for people who would otherwise be out on workers' compensation, the company was able to dramatically cut its workers' compensation claims. HRMorning.com (9/24) Email this Story
  • New study says paying attention to employee wellness is imperative
    A Families and Work Institute study points out that investing in employee wellness is imperative, not optional. "Employees' physical and mental health, stress levels, sleep quality and energy levels all significantly impact important work outcomes of interest to employers, such as engagement, turnover intent and job satisfaction," the report said. Fast Company (9/2009) Email this Story
Solutions:For Employers |  Health & Productivity Optimization |  Decision Support |  Health Benefits Consulting

  Hospitals 
  • Wireless is the new trend for hospitals
    Instead of the traditional no-cell phone rules, more hospitals are choosing to improve communications through wireless technology. "Our doctors and nurses need tools that are wireless so that they don't have to be tethered to a phone or a computer. If a nurse needs to reach a doctor with a question when she is administering some medication and that doctor is walking the halls of the hospital, wireless is the only way to reach him," said Methodist Healthcare's chief information officer. Telephony Online (9/23) Email this Story
  • Hospital group endorses electronic records, reaches out to physicians
    North Shore-Long Island Jewish Health System is offering its thousands of affiliated physicians sizable subsidies for adopting electronic medical records. The North Shore program "punctuates a trend of hospital groups trying to solidify and tighten relationships with physicians in their communities," said an expert in health technology. The New York Times (9/27) Email this Story
Solutions:For Hospitals |  Health Care EDI |  Coding & Reimbursement |  Performance Analysis |  Operational Improvement

  Payers 
  • Expert: Money is better spent on kidney transplants than dialysis
    Experts say the cost of kidney transplantation may initially be higher compared with dialysis, but within months that cost is worth it. An OptumHealth executive noted that dialysis can run more than $13,000 monthly. "There is no doubt, based on an economic analysis, giving someone a kidney within about three years is a tremendously cost-effective thing to do," said the head of the National Kidney Foundation. Pittsburgh Tribune-Review (9/28) Email this Story
Solutions:For Payers |  Care & Health Management |  Network & Credentialing |  Payment Integrity |  Consumer Tools |  Underwriting & Actuarial |  Health Care EDI |  Decision Support |  Claims Reimbursement

  Pharma 
  • Bayer ranks at the top in climate protection
    The Carbon Disclosure Project named Bayer as the best company in the world with regard to protecting the climate. "Companies which control their risks today, manage their emissions and seize the opportunities to produce low-carbon goods and services will be the best placed to prosper in a low-carbon economy of the future," said the chief executive of the CDP. The FINANCIAL (9/22) Email this Story
  • Executives tout benefits of large company size
    Cash to pay for clinical trials and cover bases when studies aren't successful is one of several advantages big pharma companies have over smaller ones, company executives say. "In order to be really successful and realize the value of your assets in a reasonable period of time, you need to have critical mass globally and in key markets," said a Wyeth official. Reuters (9/22) Email this Story
  • Huge market for obesity drugs is inviting to many drugmakers
    Vivus leads the pack in the pharmaceutical industry's race to come up with a successful obesity drug that does not have overwhelming side effects; also in the race are drugmakers Arena Pharmaceuticals and Orexigen Therapeutics. Vast potential sales leave enough room for a number of obesity drugs to do well, according to an analyst. The Wall Street Journal (9/21) Email this Story
Solutions:For Pharma |  Therapeutically-Specialized Research |  Drug Safety |  Research Staffing |  Health Economics & Outcomes |  Clinical Data Services

  Physicians 
  • Alliance addresses solutions for obesity epidemic in U.S.
    Physician organizations and others in the Strategies to Overcome and Prevent Obesity Alliance recommend that doctors talk to their patients about weight loss and use better clinical approaches to obesity. "Our hope is by putting these recommendations forward, members of Congress and private-sector businesses can understand that they are raised by a bipartisan group of people who represent every sector of the American economy," said the alliance director. American Medical News (subscription required) (9/24) Email this Story
Solutions:For Physicians  |  Health Care EDI |  Revenue Cycle Optimization |  Coding & Reimbursement |  Operational Improvement

  Public Sector 
  • Medical research to receive $5 billion in stimulus money
    The White House has decided to dedicate $5 billion from the stimulus package to "cutting-edge medical research in every state across America." Speaking at the National Institutes of Health, President Barack Obama said the investment "will also lead to new jobs: tens of thousands of jobs conducting research, manufacturing and supplying medical equipment, and building and modernizing laboratories and research facilities." Yahoo!/Reuters (9/30) Email this Story
  • Studies find public smoking bans lead to reduction in heart attacks
    Banning smoking in public places can lead to a reduction in heart attacks, according to two groups of researchers, one reporting its findings in Circulation and another in the Journal of the American College of Cardiology. "Public smoking bans seem to be tremendously effective in reducing heart attack and, theoretically, might also help to prevent lung cancer and emphysema," said one of the study leaders. Yahoo!/Reuters (9/21) Email this Story
  • Community prevention programs are successful, study finds
    A study from the New York Academy of Medicine and Trust for America's Health counters a recent Congressional Budget Office report by stating that community-based programs for illness prevention do indeed reduce costs and improve health. "There is clear, strong evidence that community prevention works," said the executive director of Trust for America's Health. Modern Healthcare (free registration) (9/21) Email this Story
Solutions:For Public Sector |  Claims Overpayment Prevention |  Care & Health Management |  Coding & Reimbursement

  Workers' Compensation & Auto Liability 
  • Insurance companies do well in underwriting, claims handling, poll shows
    A poll of insurance agents showed that respondents think companies are successful at underwriting and claims handling but could improve communications and technology. "It's reassuring to find that insurance companies are doing so well where it matters most to independent agents. Companies are demonstrating sound, consistent underwriting and paying client claims promptly and fairly," said the executive director of the Professional Insurance Agents of Connecticut, New Hampshire, New Jersey and New York State, which administered the survey. National Underwriter (free registration) (10/2) Email this Story
  • IIABA study notes successes of large insurers despite economy
    A study of best practices issued by the Independent Insurance Agents & Brokers of America finds that the best big insurers are growing their workforces despite the economy's problems. "This year's study indicates that the Best Practices Agencies, overall, continue to perform well despite facing some challenges in soft market conditions," said an IIABA executive. National Underwriter (free registration) (10/1) Email this Story
Solutions:For Workers Comp & Auto Liability |  Claims Cost Management |  Data Benchmarking & Pricing |  Health Care EDI

  SmartQuote 
Education is not a preparation for life; education is life itself."
--John Dewey,
philosopher, psychologist



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