Healthcare News February 6, 2013

  • OVERNIGHT HEALTH: CBO adjusts health law projections

    The Congressional Budget Office (CBO) estimated Tuesday that healthcare reform will cost about $1.3 trillion over the next 10 years — a slight increase since last August, when budget analysts did not include projected costs for 2023. While the law’s price tag remained virtually the same, the nonpartisan budget office added to past projections of the number of future exchange and Medicaid enrollees. The CBO also predicted that seven million people will lose employer-based coverage because of the healthcare law.

  • CBO: Medicare spending slowing faster than expected

    The Congressional Budget Office (CBO) lowered spending projections for Medicare on Tuesday, noting that the program’s bills have been “significantly lower” than predicted for three years straight.

    The non-partisan budget office revised down its 10-year spending projection for Medicare by $137 billion, or two percent, in its latest long-term economic forecast.

    Report authors said spending in Medicare Parts A and B has risen by an average of 2.9 percent per year since 2009, or markedly less than the 8.4 percent annual growth seen between 2002 and 2009. 

  • Axiom EPM Responds to Rapid Growth in Healthcare Vertical

    Leading Enterprise Performance Management Company Expands Core Team to Meet Healthcare Market Demand

    January 15, 2013 — Portland, OR — Axiom EPM, a leading provider of financial planning and performance management software, today announced that the company has made two strategic additions to its team in response to rapid client growth in the healthcare vertical. Karen Nychay has been hired as the healthcare practice manager, where she will work collaboratively with clients and direct the Axiom EPM Healthcare consulting team to develop and execute best practice Healthcare Performance Management systems. Anthony Martino will join Axiom EPM as a healthcare solutions engineer, helping to build out a robust set of healthcare starter sets and solution accelerators.  Together, Karen and Anthony bring over 35 years of experience in the healthcare sector – further expanding Axiom EPM’s already deep knowledge in this strategic vertical.

    “In 2012, we saw incredible growth across our healthcare client base and we are confident that momentum will continue going into the new year,” said Michael Choi, CEO, Axiom EPM. “As healthcare organizations face more complex finance challenges, the demand for our intuitive solutions has rapidly increased. The additions we’ve made to our team are a testament to that, and we are certain that both Karen and Anthony will be exceptional assets as we continue to thrive in the healthcare sector.”

    Axiom EPM provides the highest level of support to their clients, earning a satisfaction rating of 4.9 out of 5.0 in the BPM Pulse Survey. Axiom EPM’s healthcare clients are some of the country’s leading academic medical centers and health systems, such as: Meridian, Sentara, Lake Region Healthcare and LifePoint. Axiom EPM provides their clients with familiar and intuitive tools that unify financial planning and decision support functions in a single platform, empowering healthcare executives to reach their financial goals.

    “While Axiom EPM provides the sophistication and control I need, it doesn’t require a highly specialized skill set to manage and deploy,” said Steve Esposito, senior manager of budgets and finance, Meridian Health.

    “We looked at several products but none were as finance orientated as Axiom EPM,” said Karen Becker, budget manager, Sentara Healthcare.
    Axiom EPM’s unified platform is unique in that it embeds powerful modeling and planning capabilities in the familiar Microsoft Excel® format, allowing healthcare finance professionals to manage data more efficiently without needing to learn a new application. Their solutions are designed specifically for users, and that has differentiated Axiom EPM as one of the most innovative and user-friendly companies of its kind.

    About AxiomEPM
    Founded by industry leaders with over two decades of experience in enterprise planning and reporting, Axiom EPM specializes in enterprise performance management solutions for mid-sized and large healthcare organizations around the world.  Axiom EPM provides customers with a unified performance management software platform that embraces and extends familiar Microsoft Excel® functionality, allowing finance professionals to manage data in a familiar environment – while providing unmatched modeling flexibility and enterprise performance.

  • Cantor: Repeal ‘ObamaCare’ taxes

    House Majority Leader Eric Cantor (R-Va.) emphasized repealing the taxes in President Obama’s healthcare law during a speech outlining the House GOP’s priorities.

    Although Cantor criticized the entire law, he focused his specific calls for repeal on the law’s new taxes — specifically a 2 percent excise tax on medical device manufacturers.

    “President Obama’s health care law resulted in higher premiums and costs for families, and has made access to quality health care and innovation tougher,” Cantor said. “If we want to reverse this trend, we should start by choosing to repeal the new taxes that are increasing the costs of health care and health insurance, like the medical device tax.”

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