Editor's Note ChartLogic (Salt Lake City) is reporting that as of August 9, 2017, a total of 419 ICD-10 codes were added, 273 codes were revised, and 123 codes were being deleted, according to the August 15 Becker’s Hospital CFO Report. The changes are slated for implementation on October 1,…
Editor's Note The Centers for Medicare & Medicaid Services (CMS) on August 15 announced a proposed rule that would cancel two bundled-payment models and reduce the number of providers required to participate in a third. The proposed rule would cancel the Episode Payment Models and the Cardiac Rehabilitation incentive payment…
Editor's Note A new Medical Group Management Association survey of 750 physician group practices finds that nearly half spend more than $40,000 per physician each year to comply with federal regulations, the August 10 FierceHealthcare reports. Respondents say the most burdensome regulation is Medicare’s new Merit-Based Incentive Payment System (MIPS)…
Editor's Note A research report by Marketsandmarkets predicts the global hybrid OR market will reach nearly $1.2 billion by 2022, at a 12.5% annualized growth rate, according to the August 14 HealthCareBusiness daily news. The specialty with the highest growth rate will be thoracic surgery. The biggest driver of hybrid…
Editor's Note With the growth of ambulatory surgeries and the shift to Medicare reimbursement for outpatient hip and knee replacements, hospitals are acquiring and forming joint ventures with ambulatory surgery centers (ASCs), the August 5 Modern Healthcare reports. This allows hospitals to keep part of the revenue and better aligns…
Editor's Note After cardiac surgery, obese patients required significantly more ICU resources and longer recovery times, resulting in more expensive, labor-intensive care, this study finds. Of 5,365 patients included in the analysis, 1,948 were classified as obese. Patients with greater obesity were: four times more likely to have longer time…
Editor's Note The Centers for Medicare & Medicaid Services (CMS) announced August 7 that hospitals and critical access hospitals participating in Medicare’s Electronic Health Record (EHR) Incentive Program will submit their “meaningful use” data via QualityNet rather than the EHR Incentive Program Registration and Attestation System beginning January 2, 2018,…
Editor's Note The Mayo Clinic, Rochester, Minnesota, was ranked the nation’s top hospital by US News & World Report in its 2017-2018 Honor Roll of Best Hospitals. The Honor Roll consists of 20 hospitals with the highest combined overall scores in 16 medical-surgical specialties. Cleveland Clinic was second, Johns Hopkins…
Editor's Note The Centers for Medicare and Medicaid Services (CMS) on August 2 issued the FY 2018 Medicare Inpatient Prospective Payment System final rule, which updates Medicare payment and policies when patients are discharged from hospitals. The rule increases rates by 1.2%. This includes an initial market-basket update of 2.7%…
Editor's Note From 2005 to 2014, the average inflation-adjusted cost of a hospital inpatient stay increased by 12.7%, from $9,500 to $10,900, according to new statistics from the Agency for Healthcare Research and Quality (AHRQ). Average costs for stays increased: 16% for Medicaid 18% for private insurance 8% for Medicare…