Avicenna Medical Blog

Care Management Weekly News Update 8/22/24

Posted by DeAnn Dennis on Thu, Aug 22, 2024 @ 11:30 AM

Nurses' satisfaction with EHRs is increasing, though challenges with reliability and response times remain opportunities for improvement, according to an Aug. 20 report from KLAS Research. The report is based on insights from about 75,000 nurses regarding their EHR experience and satisfaction. KLAS collected the feedback through its Arch Collaborative EHR Experience Survey, conducted between 2021 and 2023, with a total of 171 healthcare organizations represented.

The Centers for Medicare & Medicaid Services offered the first look at the potential savings generated by the first crop of Medicare drug price negotiations. On Thursday morning, the agency released data that show if the negotiated prices for the first 10 drugs in the program had been available last year, it would have generated an estimated $6 billion in savings for Medicare. That's savings of about 22% on those 10 products. CMS will offer additional details on negotiations down the line, officials said on a call with reporters on Thursday, but they said the program led to price reductions of between 38% and 79% on the initial list of drugs.

 

Last week, CrowdStrike released its root cause analysis of the July 19 Channel File 291 incident, which prompted a global outage. According to CrowdStrike’s investigation, the incident was caused by an error in a Rapid Response content update delivered to certain Windows hosts. The faulty update caused many hospitals to cancel appointments and delay services, incurring significant financial losses. 

What to Make of the Seismic Shifts in Retail Health Care

No matter how you slice it, 2024 was going to be a telling year for retailers in health care. Companies that have invested billions of dollars in providing primary care and health and wellness services have had to make tough decisions about their strategies and futures in the field. By the end of Q2, it became apparent that the great experiment was crumbling for some companies. For others, the dream had largely died. And even for the most diversified companies like CVS Health, there has been some painful financial news. 

Projected health care cost trend jumped to almost 8% for 2025, the highest amount in more than a decade, according to Business Group on Health’s 2025 Employer Health Care Strategy Survey. The predicted surge in employer health care spending – actual health care costs have grown a cumulative 50% since 2017 – comes against a backdrop of inflation, heightened demand for expensive drugs such as GLP-1s, potentially curative but high-cost cell and gene therapies, and the ongoing burden of treating cancer and other chronic conditions.

 

Tags: Weekly Industry News