There’s a common belief in the healthcare industry that partnering with Group Purchasing Organizations (GPOs) means that most or all non-clinical purchases are covered by the contract. It almost sounds too good to be true: GPOs have all the answers for all your procurement needs. Finally, a one-stop shop for all your procurement solutions! Unfortunately, […]
Hospitals’ pharmacy spending is projected to rise by 3.42% next year, according to a new report. Specialty drugs, including Ozempic and Humira, as well as neurology medications are the primary drivers of this increase in pharmacy expenses.
Hear executives from Quantum Health, Surescripts, EY, Clinical Architecture and Personify Health share their views on digital transformation in healthcare.
On average, Medicare households spent 15% of their total spending on health-related expenses in 2021, versus 7% for non-Medicare households, according to a new KFF report.
A new KFF analysis showed that Medicare spending per person increased to $15,700 in 2022 from $5,800 in 2000, representing a 4.6% average annual growth.
In response to the growing mental health need, Blue Cross Blue Shield of Massachusetts has grown its mental health provider network by 50% over the last five years to more than 18,000 clinicians.
The U.S. healthcare system spent $60 billion on administrative tasks last year, which is about $18 billion more than it spent in 2021, according to a new report. There are a couple reasons for this — the workforce shortage and Americans’ increased utilization of healthcare services.
As technology advances, AI-powered tools will increasingly reduce the administrative burdens on healthcare providers.
A report by PricewaterhouseCoopers said employer spending on healthcare could increase anywhere from 4% to 10% next year. The report highlighted three potential scenarios depending on what happens with the Covid-19 pandemic.
Acquiring Philadelphia, Pennsylvania-based InstaMed helps to expand JPMorgan's corporate payments business into the lucrative healthcare space. U.S. healthcare spending clocks in at more than $3 trillion annually and is expected to grow to $6 trillion by 2027.
The 3.9 percent jump in spending levels represents a drop from the 4.8 percent increase seen in 2016 and the 5.5 percent hikes seen in 2015 and 2015.
People who got insurance through the ACA were significantly more likely to get prescription medications than they were before. And when they did, they typically ended up spending less of their own money for those drugs.
The future looks bright for the integrated specialty pharmacy model – for health systems, providers, and most importantly, for patients.
Healthcare spending is projected to account for more than one-fifth of GDP by the middle of next decade, reaching $5.63 trillion by then.
The study offers a preview of the potential impact of raising the Medicare eligibility age to 67 from the current 65,
The 231 hospitals the study identified had below average scores on quality measures but were awarded the bonuses because caring for their patients during their stays and in the 30 days following their discharge cost Medicare less than what it cost at half of hospitals evaluated in the program.
Plus, the Supreme Court hears a case about healthcare price transparency, primary care docs have new incentives to coordinate care, while investors flock to medical device stocks.
Dr. Atul Gawande has done it again. Writing in the New Yorker, Gawande, a general surgeon at Brigham and Women’s Hospital in Boston, author and MacArthur Foundation “genius grant” recipient, painstakingly explains the “epidemic of unnecessary care” that bears much of the blame for the country’s runaway healthcare costs and preventable deaths. Gawande also looked […]