Tag Archives: Costs

LabCorp weathers rising personnel costs to beat expectations in Q4

Dive Brief: LabCorp joined foremost rival Quest Diagnostics in identifying rising personnel costs as a headwind for the business, per comments on its fourth quarter earnings call Thursday. While LabCorp and Quest both called out the trend, management at the two clinical lab networks described the situation differently, respectively calling it “nothing unusual” and an… Read More »

How runaway healthcare costs are a threat to older adults — and what to do about it

Empowering Medicare to directly negotiate drug prices, accelerating the adoption of value-based care, using philanthropy as a catalyst for reform and expanding senior-specific models of care are among recommendations for reducing healthcare costs published in a new special report and supplement to the Winter 2019-20 edition of Generations, the journal of the American Society of… Read More »

Home hospital model reduces costs by 38%, improves care, study says

The home hospital model of care — in which select patients receive hospital-level care for an acute illness from the comfort of their own home instead of in a traditional hospital — has become increasingly popular across the U.S. A pilot study conducted by investigators at Harvard-affiliated Brigham and Women’s Hospital indicated that the model has the potential to lower… Read More »

At-home hospital care costs less, uses fewer tests, Annals study finds

Dive Brief: The average total cost of care provided to patients at-home instead of in the hospital was 38% less costly, according to a recent study in the Annals of Internal Medicine that sought to compare costs and outcomes of hospital-level care provided at home and in the hospital. Home patients were readmitted less frequently… Read More »

Trump’s team delivers a big win for patients by making health costs clearer

When it comes to improving the nation’s healthcare system, the Trump administration continues to do administratively some of the good things it hasn’t been able to do legislatively. On Friday, it took two major steps toward transparency in pricing and options. Patients will now better understand what their choices and costs will be. The president… Read More »