Category: Healthcare Finance News

Hospitals are demanding secure medical devices before they buy

The IoT: “Every something that comes on the market is in essence it’s own small computer with an ability to find its way into something.”

Physicians need to consider geography, size, patient base and technology before buying or setting up a small practice.

Hospitals often don’t file for the funds because they’re unaware of what can be reimbursed, and there is only a 30-day window to apply.

A number one recommendation is to know all of the touch points for data: how it comes in, how it’s used, where it’s stored and how it goes out.

There is an apparent lack of awareness of federal regulations in both the U.S. and Canada to keep patient information secure.

To keep pace with other industries, healthcare organizations will have to alter their approach to access and convenience.

Infrastructure work on the tower will likely begin next month, with completion predicted to take place during the spring of 2022.

A few stakeholders recommended removing or suspending the overall star ratings from Hospital Compare until changes are made.

Pharmaceutical costs are already a large share of most health organizations’ budgets and this year’s inflation rate may increase drug budgets.

St. Elizabeth’s five hospitals are the first in the state to participate in the voluntary agreement to reduce charges by as much as 45 percent.