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.

Major insurer partners with private equity firm for care coordination
Elevance said the move aims to expand patient access to primary care services for its Carelon Health patients.
Private equity bankruptcies in healthcare explode 112% in 5 years
According to the Private Equity Stakeholder Project, 21% of all healthcare bankruptcies in 2023 involved organizations owned by financial firms.
Cardiologist salary update: Compensation jumps to $525K per year, No. 3 among all specialties
In addition, cardiologists average an additional $75,000 per year in incentive-based bonuses. That number is only higher for two other specialties.
Recent Rite Aid store closings exceed 200
Right Aid is turning out the lights in 53 more stores across nine states.
The growing shortage or general cardiologists and recruiting crisis in rural America
There is a rapidly growing shortage in general cardiologists and for positions in rural areas, numerous healthcare system recruiters set up at the ACC reported.

A busy week for cardiology investments: 3 tech companies report big financing rounds

It’s not even Valentine’s Day yet, but February has already been a big month for fundraising in the cardiology space.

February 9, 2023

2022 was a big year for private equity funds in healthcare

In fact, 2022 was “easily” the second-best year for private equity healthcare services dealmaking, behind 2021.

February 6, 2023

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.

CMS proposes 2.1% payment increase for MA plans in 2024

The plan, if finalized, increases payments for MA plans by 2.09%, or 1.03% after adjusting for star rating changes.

February 2, 2023

New rule aims to claw back overcharges from MA plans

The move could reclaim overpayments of an estimated $479 million from 2018 and $4.7 billion over 10 years.

January 31, 2023

layoffs staff cuts termination workforce

Philips announces 6,000 job cuts

Philips plans to cut 6,000 jobs by 2025, including 3,000 in 2023.

January 30, 2023

More Americans are putting off care than ever before

The percentage of Americans who are postponing medical care has reached a new high, according to a recent Gallup poll.

January 19, 2023

Healthcare bankruptcies jumped 84% in 2022

Large bankruptcies in the healthcare industry rose sharply from 2021 to 2022, according to a new report from healthcare restructuring firm Gibbons Advisors.

January 18, 2023

Cleveland Clinic CEO and President Tom Mihaljevic, M.D., delivers the annual State of the Clinic address Wednesday, Jan. 18, 2023.

Cleveland Clinic CEO warns of $200M loss in 2022

Cleveland Clinic CEO and President Tom Mihaljevic, MD, gave the healthcare organization’s State of the Clinic speech on Jan. 18, sharing optimism for the company’s future despite a $200 million loss in 2022.

January 18, 2023

Around the web

Cardiovascular Business

Cardiologist salary update: Compensation jumps to $525K per year, No. 3 among all specialties

In addition, cardiologists average an additional $75,000 per year in incentive-based bonuses. That number is only higher for two other specialties.

Cardiovascular Business

Critics call out ‘woefully inadequate’ CMS proposal for inpatient Medicare payments

CMS has issued its proposed rule for the 2025 Medicare hospital inpatient prospective payment system, suggesting a payment increase of 2.6%. According to the American Hospital Association, this update would not be enough at a time when hospitals are already struggling to stay open.

Cardiovascular Business

Johnson & Johnson to acquire Shockwave Medical for $13.1B

The rumors, it seems, were true. Once the deal is finalized, Shockwave Medical will operate as a business unit within Johnson & Johnson MedTech.

Economics

Major insurer partners with private equity firm for care coordination

Private equity bankruptcies in healthcare explode 112% in 5 years

Cardiologist salary update: Compensation jumps to $525K per year, No. 3 among all specialties

Recent Rite Aid store closings exceed 200

The growing shortage or general cardiologists and recruiting crisis in rural America

Around the web