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New technologies set to help CFOs and patients

August 22, 2012
Uncategorized By LW Consulting Inc.

Hospital CFOs are contemplating new technologies to counter the Medicare cuts on cardiac device infections, according to a recent survey.

The Centers for Medicare and Medicaid services (CMS) states that infections from cardiac implantable electronic device (CIED) procedures are relatively preventable and are thus classified as a reason to require hospitals to pay more in fees. CMS will pay for the initial surgery but not an infection, should it occur.

The survey, conducted by Epocrates, found that 82 percent of CFOs plan to use internal reporting measures to reduce CIED infections and that 74 percent believe their facilities can reduce the risk when alternative therapies are available.

Technological advances happen everyday and will continue to drastically affect the healthcare field. The effects can be seen in higher quality of patient treatment - like reducing CIED infections - and also in communication between doctors and patients.

A recent report from Chilmark Research found that more health insurers are embracing social media, mobile health applications and games in order to better prepare their facilities for accountable care. Insurers are also trying to find innovative ways to get members to take a more active approach to their own wellness. 

The results showed that easy-to-use consumer technologies implemented by health insurers show lots of promise in increasing the success of member engagement strategies.

"The passage of the Affordable Care Act is forcing a major restructuring of the healthcare sector and health insurers must innovate to demonstrate value to their customers (employers) and improve margins," John Moore, founder and managing partner of Chilmark Research, said to Heathcare IT News.

Medical providers that are looking to implement new devices to lower costs and improve the well being of patients should consider pairing with a healthcare IT consulting professional as well as a medical billing consultant to make as smooth of an adjustment as possible and ensure that payment plans are adequately created.