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Healthcare Economics

Consultants warn 'change or get out of the way' next year

Consultants warn 'change or get out of the way' next year

Healthcare organizations should consider seeking greater cross-sector collaboration, new strategic investments and creative efficiencies to build resilience as they brace for more change next year, according to a new PricewaterhouseCoopers report.

How to find $25 million in 10 days

How to find $25 million in 10 days

Hospitals and health systems are looking to offset the continued widening gap between the cost of care and Medicare reimbursement, as well as other rising costs.

White House: True cost of opioid epidemic tops $500 billion

White House: True cost of opioid epidemic tops $500 billion

The White House says the true cost of the opioid drug epidemic in 2015 was $504 billion, or more than six times larger than the most recent estimate. The Council of Economic Advisers said some previous studies didn't reflect the number of fatalities blamed on opioids.

Proposed repeal of medical deduction prompts tax bill pushback

Proposed repeal of medical deduction prompts tax bill pushback

Several million people unlucky enough to face huge medical bills not covered by their insurance would lose a valuable deduction under the House GOP bill. That could hurt top hospitals and skilled-nursing providers if consumers look to cut costs.

Lack of trustworthy data slows move to operational efficiency

Lack of trustworthy data slows move to operational efficiency

Boston Medical Center had the data to improve the provider's surgery block schedules but lacked the data and tools to efficiently take action. Those are common hurdles that have slowed providers' transition to more streamlined operations and lower costs.

Why one hospital system is cutting while bulking up

Why one hospital system is cutting while bulking up

It may seem odd that Advocate Health Care is spending big on outpatient facilities while also cutting $200 million from its $5.6 billion budget. The bet, however, is that adding cheaper-to-run outpatient sites will woo more patients. More patients equals growth.

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