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.

Foundation Medicine and Flatiron Health Collaborate to Develop First-in-Class Data Platform to Accelerate Precision Medicine for Cancer

CAMBRIDGE, Mass. & NEW YORK--Foundation Medicine, Inc. (NASDAQ:FMI) and Flatiron Health today announced a strategic collaboration to develop a unique, proprietary cloud-based information platform combining genomic and clinical treatment and outcomes data to significantly advance the field of precision medicine for cancer.

December 2, 2014

Editas Medicine Licenses Genome Editing Technology from Broad Institute and Harvard University

CAMBRIDGE, Mass.--Editas Medicine, a leading genome editing company, today announced that they have entered into an exclusive joint license agreement with the Broad Institute of MIT and Harvard and Harvard University to access intellectual property and technology related to the CRISPR/Cas9 and TALE genome editing systems. 

December 1, 2014

Private oncologists forced to sell, close their practices

Private oncologists are being forced to sell or close their practices because insurers have severely reduced payments to them and because the drugs they prescribe patients are now so expensive, reports The New York Times.

November 25, 2014

Differences in how hospitals charge payers impact price variations

Greater variation exists among private payers versus public ones for different hospital services, according to a study published in the American Journal of Managed Care.

November 22, 2014

Physician shortage cutting into the bottom lines at hospitals

 While healthcare executives have been worried about the high cost of implementing the Affordable Care Act, what's really keeping them up at night is the rising cost of labor caused by the declining number of physicians, according to Forbes. 

November 20, 2014

Exchanges filled with high-deductible plans

As federal and state insurance exchanges enter their second year, from 60 percent to more than 80 percent of plans could be high deductible, reports Modern Healthcare.

November 15, 2014

Orion Health Opens Development Center in Scottsdale, Arizona

Scottsdale, AZ – November 6, 2014 – Orion Health, a population health management company, today announced the opening of its new development center in Scottsdale, Arizona. The Orion Health ‘Center of Excellence’ will serve as the company’s North American research and solution center, supporting big data analytics technology development, focused on providing decision support to clinicians and patients, and solution support for clients’ population health initiatives.

November 13, 2014

Woman taken to out-of-network hospital now faces bankruptcy

A Wisconsin woman is fighting off bankruptcy after spending 10 days in the hospital in a medical induced coma. The patient, taken by ambulance to a hospital outside of her covered network, could not alert the driver because she was incapacitated and clinically dead, according to United Press International.

November 13, 2014

Around the web

The recall includes specific lots of five different medical devices used to treat stroke and other neurovascular diseases.

The agency is urging healthcare providers to transition away from these devices and seek out alternatives. It is even working with other manufacturers to try and get similar products on the market as quickly as possible. 

Jeffrey Kuvin, MD, one of the leading voices behind efforts to create a new Board of Cardiovascular Medicine, spoke with Cardiovascular Business about where things stand today.

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