September Industry Watch
Majority of top-ranked U.S. hospitals deploy capacity-management technology
A majority of America’s top hospitals are using TeleTracking Technologies software solutions to manage their physical operations more efficiently, a recent review of the nation’s top hospital polls revealed.
TeleTracking clients comprised over 80 percent of hospitals named in the 2012 “Best Hospitals” issue of U.S. News & World Report, and 13 of 17 (76 percent) “Honor Roll” hospitals, including seven of the top 10. About half of the 100 hospitals named in Thomson Reuters’ 2012 “Top 100” survey and 62 of Becker’s Hospital Review’s “100 Great Hospitals” use TeleTracking’s hospital capacity-management applications.
Ranked number one in patient-flow solutions by KLAS, TeleTracking is used in nearly 70 percent of America’s largest hospitals, the review showed. The company’s automation software, real-time location technology and business analytics capabilities deliver moment-by-moment management of a hospital’s entire physical enterprise, including every patient, employee and mobile medical device.
Learn more at www.teletracking.com.
New electronic-payment rules aim to cut red tape for docs, hospitals
Health and Human Services (HHS) announced in August the release of a new rule (Administrative Simplification: Adoption of Operating Rules for Health Care Electronic Funds Transfers and Remittance Advice Transactions) that should cut red tape for doctors, hospitals and health plans.
The rule builds upon industry-wide healthcare electronic fund-transfer (EFT) standards that HHS adopted in January 2012. Together, the previously issued EFT standards and the new EFT and electronic remittance advice (ERA) operating rule are projected to save between $2.7 billion and $9 billion in administrative costs over a 10-year period by reducing inefficient manual administrative processes.
The new rule requires insurers to offer a standardized, online enrollment for EFT and ERA. Health plans are required to send the EFT within a certain amount of days of the ERA, which helps providers reconcile their accounts more quickly.
The compliance date is Jan. 1, 2014.
Meet the ACOs
Eighty-nine new accountable care organizations (ACOs) joined CMS’ Medicare Shared Savings Program on July 1. This brings the total number of Medicare ACOs operating in 40 states and the District of Columbia to 154, a group that includes six Physician Group Practice Transition Demonstration organizations (not shown on chart).
The Advisory Board Company shows us the national distribution.
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