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.

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Inflation continues to outpace physician compensation increases

The new data summary report, Benchmarking for the Future of Your Physician and APP Workforce, contains insight from nearly 190,000 providers across over 6,800 organizations.

May 30, 2023
private health insurance claims denial delay

Hospitals set back by private payers’ penchant for declining claims, delaying payments

Commercial health insurers tend to reimburse providers considerably more per service than their governmental counterparts. However, they’re also much more likely to initially deny claims.

May 29, 2023
Business newspaper

Medtronic acquires insulin patch manufacturer for $738M

The deal represents a significant step forward for Medtronic's diabetes portfolio.

May 25, 2023
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'Forced to jump through hoops': Commercial insurers are making life harder for physicians

Although commercial payors do offer better reimbursement rates, their lack of timeliness in making payments is negatively impacting hospitals.

May 19, 2023
Telehealth can provide significant value when it comes to managing and monitoring patients with CVD or suspected CVD. A new scientific statement from the American Heart Association explores the latest details on this evolving treatment option. 

The best and worst states to practice medicine

Malpractice premiums appear to play a significant role in the rankings. Even states with ample job opportunities and low-to-moderate cost of living were ranked poorly due to their high malpractice premiums.

May 19, 2023
A cardiology practice in Florida and several of its cardiologists have agreed to pay $2 million to resolve allegations that they violated the False Claims Act and committed fraud. As a part of the agreement, there has been no determination of liability.

1 in 3 cardiologists have been sued, though they often win when it happens

Overall, 31.2% of U.S. physicians say they have been sued. When looking at only cardiologists, the percentage is slightly higher.

May 10, 2023
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Novavax to cut 25% of its workforce, with R&D taking the biggest hit

Although the vaccine maker previously cut expenses by $50 million without laying off staff, the measures were not enough to keep pace with the effects of the COVID-19 global health emergency. 

May 9, 2023
New research presented at the 103rd Annual Meeting of the American Association for Thoracic Surgery examined the lack of diversity seen among this important specialty. 

Exploring diversity, compensation among academic cardiothoracic surgeons

New research presented at the 103rd Annual Meeting of the American Association for Thoracic Surgery examined the lack of diversity seen in this important specialty. 

May 8, 2023

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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