In the 1920s, a series of experiments were conducted at Hawthorne Works, a Western Electric telephone factory just outside Chicago, to study the effects of lighting on worker productivity. The researchers found that improved lighting increased manufacturing output – but only until the study ended, when productivity reverted to its previous level, even though the … [Read More]
Why our health care costs so much — and why fixes aren’t likely
Practically everyone knows health care in the United States is expensive — the most expensive in the world by seemingly every measure. But judging by the raging debate over the Affordable Care Act, few really understand why. At the moment, the GOP-led push in Congress and the White House to overhaul Obamacare is focusing on … [Read More]
2018 Predictions: Medicaid, the ACA, Insurance and More
It’s been a full and eventful year on all levels, local to global and everything in between, in health care and in so many other areas of our economy and business activity. We’ve seen considerable change in government, in payer structures, on the regulatory front … I am hard-pressed to think of any area that … [Read More]
CMS announces new payment model to improve quality, coordination, and cost-effectiveness for both inpatient and outpatient care
Today, the Centers for Medicare & Medicaid Services (CMS) Center for Medicare and Medicaid Innovation (Innovation Center) announced the launch of a new voluntary bundled payment model called Bundled Payments for Care Improvement Advanced (BPCI Advanced). Under traditional fee-for-service payment, Medicare pays providers for each individual service they perform. Under this bundled payment model, participants … [Read More]
Endowing Healthcare Analytics Incorporated with SaaS Based BI
With the escalating challenges faced by the healthcare industry, providers must keep up with or stay one step ahead of the competition. According to 2014 report by Gartner, the lack of a BI strategy is one of “nine fatal flaws in business operations improvement (BOI)” in healthcare. Business intelligence has the potential to help healthcare … [Read More]
