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.

The AHA is granting more money toward research on the cardIovascular effects of COVID-19. #COVIS #COVID19 #SARSCoV2 #longCOVID

American Heart Association awards $10.6M to researchers investigating the long-term cardiovascular effects of COVID-19

The grants went to 11 different research teams in the United States and are expected to fund these projects for three years.

April 15, 2022
Computer

Significant disparities exist in utilization of self-scheduling radiology exams, research shows

Researchers revealed that less than 1% of more than 46,000 patients took advantage of online self-scheduling tools.

April 15, 2022
Cardiologist heart

Cardiology’s average salary climbs to $490k, No. 3 among all specialties

This continues a consistent rise in pay for the specialty—the same report recorded cardiology’s average salary as $459,000 in 2021, $438,000 in 2020 and $430,000 in 2019.

April 15, 2022

AI boosts performance of novice nurses when assessing pregnant patients via ultrasound

Using a handheld probe and smartphone, nurse midwives were able to estimate gestational age as accurately as certified sonographers.


 

April 15, 2022
Money

Radiologist pay hits $437,000, good for 8th place among highest earning physician specialists

This marks the 1st time in the survey’s 11-year history that physicians across all areas of expertise earned a pay increase, including radiologists, who gained 6%, Medscape reported Friday.  

April 15, 2022
New York Albany capitol building. New York state has granted nurse practitioners full practice authority, despite opposition from radiologists and other physician groups.

New York grants nurse practitioners full practice authority, despite radiologist opposition

The move allows Empire State NPs to order and interpret diagnostic tests without requiring a written practice agreement from a physician. 

April 14, 2022
Ranna Parekh, MD, is the diversity and inclusion officer at the American College of Cardiology (ACC) and will soon switch to that role at MD Anderson Cancer Center.

MD Anderson appointed a chief diversity, equity and inclusion officer

The University of Texas MD Anderson Cancer Center has hired Ranna Parekh, MD, as its chief diversity, equity and inclusion officer (CDEIO), who currently serves as the inaugural chief diversity and inclusion officer at American College of Cardiology (ACC) .

April 14, 2022
The Mount Sinai Hospital has announced the completion of a $70 million full renovation of its children’s emergency department (ED), and a newly redesigned area for walk-in, low-acuity adult patients.

Newly Designed Children’s Emergency Department Opens at The Mount Sinai Hospital

The Mount Sinai Hospital has announced the completion of a $70 million full renovation of its children’s emergency department (ED), and a newly redesigned area for walk-in, low-acuity adult patients.

April 14, 2022

Around the web

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

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. 

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

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