The New Deal and Recovery, Part 24: The RFC
George Selgin(In writing this series, I allowed myself to skip over some topics. But now that I ' m turning the series into a book, to be published by the University of Chicago Press, I have to close those gaps. The most important gap by far concerns the Reconstruction Finance Corporation (RFC). Although the RFC was originally established by Herbert Hoover, the Roosevelt administration not only allowed it to survive but turned it into the largest and most powerful of all New Deal agencies. Hence a three-part essay, of which this is the first installment.)Hoover ' s New DealThere are few more successful examples in history ...
Source: Cato-at-liberty - March 17, 2023 Category: American Health Authors: George Selgin Source Type: blogs

Podcast Episode Recommendation: Our Curious Amalgam Podcast Episode 212
 My followers may be forgiven for their lack of awareness, but on October 23, 2022, the man who lead the PBM known as Express Scripts (owned by commercial healthcare insurance company Cigna since 2018) named George Paz died at relatively young age of 67. Mr. Paz began at Express Scripts in 1998 as CFO. By 2003, he was president and by 2005, CEO. Paz retired as CEO in 2016, although he remained chairman until Express Scripts was acquired by Cigna in December 2018. The local newspaper, theSt. Louis Post-Dispatch published his obituaryHERE). While he was an admired business leader in St. Louis, one of the things his comp...
Source: Scott's Web Log - March 16, 2023 Category: Endocrinology Tags: 2023 episode Express Scripts George Paz PBM podcast USC Source Type: blogs

HiLabs ’ s Human-Machine Solution to Bad Data
Data analysts know that all data is dirty. Although numerous services offer data cleaning and harmonization, the accuracy of many of them is usually too poor to make them useful. According to Amit Garg, CEO and co-founder of HiLabs, even AI-based solutions produce too many false positives—a problem his company has solved by working with business domain experts and creating healthcare-specific ontologies. Sources of errors and gaps in data are legion. A web site might list a doctor as being in-network, but the payer doesn’t actually cover them. A data entry clerk might switch two fields when putting information into...
Source: EMR and HIPAA - March 16, 2023 Category: Information Technology Authors: Andy Oram Tags: AI/Machine Learning Analytics/Big Data Health IT Company Healthcare IT Amit Garg Health Data Health Data Cleaning Health Datapalooza Healthcare AI Healthcare IT Video Interviews Healthdatapalooza HiLabs Insurance Directories Prov Source Type: blogs

How to Improve Customer Experience in Healthcare with AI
Conclusion The healthcare industry is based on the fundamental assumption that all humans are entitled to medical care. However, your business still needs to operate efficiently and cost-effectively. The advancement of AI and machine learning give healthcare organizations the potential to modernize in ways that drive business efficiency, with a human touch. Exceptional customer experience has become a key competitive advantage in healthcare that can greatly benefit from the adoption of AI/ML. Healthcare organizations should act quickly to enhance the customer journey with AI. This article explores certain challenges faced ...
Source: EMR and HIPAA - March 16, 2023 Category: Information Technology Authors: Guest Author Tags: Administration AI/Machine Learning Communication and Patient Experience Health IT Company Healthcare IT Hospital - Health System AI Use Cases Artificial Intelligence customer experience Customer Experience Challenges Customer Experienc Source Type: blogs

More Startups Can Help Fix the Startup Bank ’s Problems
Jack SoloweyBy now, those following the collapse of Silicon Valley Bank (SVB) have largely identified their preferred culprits for thesecond ‐​largest bank failure in U.S. history. But regardless of where one assigns the most blame, it ’s clear that the post‐​Global Financial Crisis regulatory regime neither prevented SVB’s demise nor anextraordinary federal reaction to it. While some take the fall of SVB as a reason todouble down on the usual medicine, this bank failure is a case in point for allowing progress inmonetary and financial alternatives.Ultimately, SVB failed to manage risks, some of which...
Source: Cato-at-liberty - March 15, 2023 Category: American Health Authors: Jack Solowey Source Type: blogs

The Insulin-PBM Rebate Kickback Scheme Appears to Coming to an End
Last year, on March 3, 2022, in what I believe was a fantastic accomplishment relatively early in Aaron Kowalski ' s tenure as CEO, the JDRF and Civica, Inc. (via the company ' s CivicaScript operating unit) jointly announced Civica ' s intention to commercialize biosimilars of the three bestselling insulin analogues at an affordable price of $30/vial or $55/box of five insulin pens. The Civica press release can be seen athttps://www.businesswire.com/news/home/20220303005321/en/Civica-to-Manufacture-and-Distribute-Affordable-Insulin/ and a concurrent press release from JDRF can be seen athttps://www.prnewswire.com/news-rel...
Source: Scott's Web Log - March 14, 2023 Category: Endocrinology Tags: Eli Lilly and Company 2023 Civica CivicaRx CivicaScript drug prices FTC insulin insulin prices JDRF Novo Nordisk Novo Nordisk Pharma Source Type: blogs

The Insulin-PBM Rebate Kickback Scheme Appears to Be Coming to an End
Last year, on March 3, 2022, in what I believe was a fantastic accomplishment relatively early in Aaron Kowalski ' s tenure as CEO, the JDRF and Civica, Inc. (via the company ' s CivicaScript operating unit) jointly announced Civica ' s intention to commercialize biosimilars of the three bestselling insulin analogues at an affordable price of $30/vial or $55/box of five insulin pens. The Civica press release can be seen athttps://www.businesswire.com/news/home/20220303005321/en/Civica-to-Manufacture-and-Distribute-Affordable-Insulin/ and a concurrent press release from JDRF can be seen athttps://www.prnewswire.com/news-rel...
Source: Scott's Web Log - March 14, 2023 Category: Endocrinology Tags: Eli Lilly and Company 2023 Civica CivicaRx CivicaScript drug prices FTC insulin insulin prices JDRF Novo Nordisk Novo Nordisk Pharma Source Type: blogs

WeightWatchers to Acquire Sequence, a Digital Health Platform for Clinical Weight Management
First-of-Its-Kind Weight Management Solution to Pair WeightWatchers Proven Nutrition and Behavioral Science with the Sequence Clinical Platform WW International, Inc. (WeightWatchers, WW, or the Company) has entered into a definitive agreement to acquire Weekend Health, Inc., d/b/a Sequence, a subscription telehealth platform offering access to healthcare providers specializing in chronic weight management. Sequence seamlessly integrates the patient and clinician experience for ongoing clinical care and medication management, while providing high-touch support in navigating the insurance approval process. Obesity is a comp...
Source: EMR and HIPAA - March 14, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT Clinical Intervention d/b/a Sequence Dr. Gary Foster Health IT Acquisitions Healthcare M&A obesity Rémi Cossart Sima Sistani Telehealth Weekend Health Weekend Health Inc. Weight Management Weigh Source Type: blogs

As in 2008, Ad Hoc Measures Spread Panic
Norbert MichelMore than anything, the actions of the U.S. government pertaining to the collapse of Silicon Valley Bank and the closing of Signature Bank demonstrate the need for calm and the rule of law. Congress long ago created a framework for dealing with bank failures, and the Federal Deposit Insurance Corporation (FDIC) is at the center of that framework. The FDIC has regularly demonstrated its ability to follow the law and resolve a failed bank, and that ’s exactly what they should be allowed to do now.It is improper for government officials to take it upon themselves to change the rules of the game in th...
Source: Cato-at-liberty - March 13, 2023 Category: American Health Authors: Norbert Michel Source Type: blogs

Transcarent to Acquire 98point6 AI-Powered Virtual Care Platform and Care Business
Care Business includes over 100 mid-size and larger self-insured employers, leading health systems, and innovative payors who use 98point6 as their consumer interface More than 3 million health consumers have access to the 98point6 Virtual Care Platform Transcarent, a health and care experience company that makes it easy for people to access high-quality, affordable care announced plans to acquire the leading AI-powered virtual care platform and care business of on-demand primary care company, 98point6. The acquisition gives Transcarent access to the leading AI-powered virtual care technology and an affiliated medical gro...
Source: EMR and HIPAA - March 13, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT Telemedicine and Remote Monitoring 98point6 AI Artificial Intelligence Banner Aetna Care Business Care@Home Complex Care EveryDay Care Glen Tullman Health IT Acquisitions Healthcare M&A Jay Burre Source Type: blogs

Ruling out
People who, for ideological reasons,  don ' t actually want to do what is necessary to solve the problem of excessive spending  on health care often claim that the real problem is the cost of malpractice insurance. So they propose " tort reform " as the solution. The argument is that it isn ' t just the direct cost of insurance that ' s to blame, but also that physicians practice " defensive medicine, " ordering unnecessary tests and procedures, to avoid possible liability.First, let ' s just get the extent of the problem, if any, out of the way. The best estimate is that liability costs -- including both compone...
Source: Stayin' Alive - March 13, 2023 Category: American Health Source Type: blogs

Bonus Features – March 12, 2023 – 87% of docs used telemedicine in 2021, 65% of healthcare orgs collect more trivial data once they adopt the cloud, and more
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Because there’s so much happening out there in healthcare IT we aren’t able to cover in our full articles, we still want to make sure you’re informed of all the latest news, announcements, and stories happening to help you better do your job. News Three Democratic Senators have introduced legislation to expand protections for Americans’ personal health data privacy. Sponsored by Amy Klobuchar (Minnesota), Elizabeth Warren (Massachusetts), and Mazie Hirono (Hawaii),...
Source: EMR and HIPAA - March 12, 2023 Category: Information Technology Authors: Brian Eastwood Tags: C-Suite Leadership Healthcare IT Accenture ACCESS Family Care Amy Klobuchar Anne Walker ATA Atropos Health Avi Mukherjee Blancco Technology Group Bright.md Cardinal Health CLEAR Converged Outreach COTA CRIP Crossroads Treat Source Type: blogs

Why we don't get what we pay for
Before I take up the subject of this post, a note about commenting. I wish I could publish more comments but most of them are ridiculous or off topic. For example, I wrote a post about Kanye West. He was the subject of the post. It was about him. And I get a comment to the effect of Why won ' t I talk about Black antisemitism? WTF? I post about the high cost of health care in the U.S. and I get a comment about total federal revenues and the federal budget deficit. BTW, obviously federal revenues will generally increase over time because the economy and the population grow. Also you have to adjust for inflation. But that ' ...
Source: Stayin' Alive - March 10, 2023 Category: American Health Source Type: blogs

CodaMetrix Closes $55M Series A to Autonomously Power Medical Coding, Boost Health System Revenue Cycles
Born out of Mass General Brigham, and led by healthtech veterans, CodaMetrix empowers health systems to use Artificial Intelligence to prevent revenue setbacks driven by manual coding inefficiencies Overhauling medical coding is now crucial for health systems grappling with physician burnout, billing backlogs and claim denials, skilled labor shortages, and a graying medical coding workforce AI-powered, multi-specialty, autonomous medical coding eliminates human intervention, reduces coding costs, improves coding quality and unlocks clinician capacity CodaMetrix, the leading AI technology platform transforming healthcare ...
Source: EMR and HIPAA - March 10, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT AI Artificial Intelligence Chris Scoggins CMX CodaMetrix CU Healthcare Innovation Fund EHR Electronic Health Record FCV Frist Cressey Ventures Hamid Tabatabaie Health IT Funding Health IT Funding Source Type: blogs

President Biden ’s Budget Misses the Mark
Romina Boccia and Dominik LettPresident Biden finally released hisannual budget blueprint for fiscal year 2024, more than a  month late. This year’s presidential budget is filled with excessive spending, higher taxes, and misguided policies.The President proposes to reduce deficits by $3 trillion over the next ten years. That goal, while moving in the right direction, falls far short of the $8 trillion in deficit reduction that ’s needed to stop federal debt from growing to a new record‐​high. Moreover, the President’s plans to reduce deficits also put the cart before the horse by primarily raising taxes to clo...
Source: Cato-at-liberty - March 9, 2023 Category: American Health Authors: Romina Boccia, Dominik Lett Source Type: blogs