Best of Health IT News: Week of 12/04/14

Did you have a chance to check out the latest healthcare IT news stories around the Web? We’ve captured the top industry news stories from this week that you won’t want to miss.

U.S. Hospitals Make Fewer Serious Errors; 50,000 Lives Saved 

Reuters reports that according to a recent government study, U.S. hospitals committed 17% fewer medical errors in 2013 than in 2010, therefore saving approximately 50,000 lives. The report also found that 1.3 million fewer patients suffered from a hospital-acquired condition in 2013 than in 2010, thus leading to savings of $12 billion from avoidable costs. 

Coordination of Heart Attack Care Trims Time to Treatment: Study 

An initiative coordinated through Duke University called Mission: Lifeline has found that improving the coordination between paramedics and hospitals can reduce heart attack deaths by nearly fivefold. The study found that 2.3% patients who waited less than 30 minutes in an emergency room for treatment died, as opposed to 11.2% of those who waited over 45 minutes. 

CMS Taps ACA Rules to Clamp Down on Fraud, Waste and Abuse 

The Centers for Medicare and Medicaid Services (CMS) have announced new measures designed to prevent physicians and other providers with unpaid debt from re-entering Medicare. The measures also remove providers who have patterns of abusive billing, and are designed to improve oversight and save taxpayers money. 

Healthcare Payer IT Market Poised for Substantial Growth 

According to RevCycle Intelligence, the North American payer IT industry accounts for a share of 58.2% of the global healthcare payer IT market as of 2014. Forecasts show that through 2018, the marketplace is projected to grow at a CAGR of 5.7%.