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.

Pharmacist gets 5 years in prison for $180M insurance fraud scam

David “Jason” Rutland paid kickbacks to distributors for prescription referrals that were medically unnecessary and illegally billed insurers.

January 27, 2022
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70% of healthcare executives expect M&A activity to ramp up this year

Many see labor shortages, supply chain issues and inflation as only modest obstacles to more deals.

January 26, 2022

Mark Cuban’s prescription drug company launches online pharmacy for affordable medications

The Mark Cuban Cost Plus Drug Company promises to bypass middlemen and "outrageous" markups for more than 100 medications.

January 19, 2022
Money

Insurers spent millions on ivermectin prescriptions for COVID-19, despite the drug being ineffective

Private and Medicare insurers spent nearly $2.5 million on the anti-parasite drug during a single week in August 2021, researchers reported in JAMA Network Open.

January 14, 2022

R1 RCM agrees to purchase AI revenue cycle company Cloudmed in $4.1B deal

The acquisition includes $857 million of debt from private equity-backed Cloudmed, the organization's announced Monday, Jan. 10.

January 10, 2022

Former Hollywood doctor found guilty in $355M medical billing scam

Julian Omidi directed employees to falsify sleep apnea studies that were needed for insurers to preapprove lap-band weight-loss surgeries, according to the Department of Justice.

January 5, 2022

8 simple tips to help radiologists work smarter, not harder

While informatics and information technology tools are essential, individuals can take a number of steps to improve their day-to-day productivity.

January 4, 2022
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National healthcare spending jumped 9.7% last year, topping $4.1 trillion

Much of the hike was due to a quick upturn in government spending during the pandemic, including the $122B Provider Relief Fund and $53B Paycheck Protection Program.

December 15, 2021

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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