Economics

This channel highlights factors that impact hospital and healthcare economics and revenue. This includes news on healthcare policies, reimbursement, marketing, business plans, mergers and acquisitions, supply chain, salaries, staffing, and the implementation of a cost-effective environment for patients and providers.

Money dollar investments

Johnson & Johnson to acquire Abiomed in $16.6B deal

Johnson & Johnson agreed to an upfront payment of $380 per share. Abiomed shareholders can also receive up to an additional $35 per share if certain milestones are met in the years ahead. 

November 1, 2022
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Cancer death rates drop again

Cancer death rates have dropped again among men, women, children, adolescents and young adults.

October 28, 2022
The American College of Cardiology and Heart Rhythm Society issued a joint statement soon after CMS published its final rule for the 2023 Medicare Physician Fee Schedule. The groups warned that the final rule could threaten patient access to high-quality care. Medicare cuts may harm patient care.

These states are struggling the most to find primary care physicians

Among primary care physicians, there is a huge unmet need in certain parts of the country, according to a recent ranking from the Kaiser Family Foundation.

October 27, 2022
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Physician salary update: Women still earning much less than men

Despite the wide pay gap, the majority of female physicians—specialists or otherwise—said they would choose to pursue a career in medicine again if given the choice.

October 25, 2022

HCA Healthcare slashes contract labor to cut costs

One of the nation’s largest health systems is shoring up its expenses by cutting back on contract labor amid growing financial challenges. 

 

October 25, 2022
Medicare money payment physician. The CardioVascular Coalition and Society for Cardiovascular Angiography and Interventions have both issued new statements highlighting their issues with the 2024 MPFS proposed rule. 

46% of Americans have been in debt due to hospital bills

The ever-rising cost of healthcare in the United States is having a crippling financial impact on many Americans, according to a recent survey.

October 25, 2022
Cordis acquires MedAlliance, known for its drug-eluting balloon technology, in deal that could surpass $1B

Cordis to acquire MedAlliance, known for its drug-eluting balloons, in deal that could surpass $1B

The acquisition includes an initial investment of $35 million and an upfront closing payment of $200 million. By 2029, if the companies reach all targeted regulatory and commercial milestones, the acquisition could cost Cordis up to $1.135 billion in all.

October 25, 2022
Resigned | Fired

Philips cuts 4K jobs amid falling sales

“These initial actions are needed to start turning the company around," new CEO Roy Jakobs said in a statement. 

October 24, 2022

Around the web

Five of the largest U.S. medical societies focused on cardiovascular health are one step closer to seeing their paradigm-shifting proposal become a reality.

The Society for Cardiovascular Angiography & Interventions and Society of Thoracic Surgeons have both shared statements in support of the ban, which is already being challenged in court. The American Hospital Association, meanwhile, opposes the policy shift, saying it “errs by seeking to create a one-size-fits-all rule”

Alison Bailey, MD, co-chair of the business of cardiology sessions at ACC.24, emphasized that reimbursement cuts can have a long-term negative impact on patient. 

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