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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AI finds ‘diamonds in the rough’ among rejected residency applicants

Medical educators have used machine learning to reconsider—and ultimately select—some 20 qualified residents who had been screened out by human reviewers at their institution.

August 10, 2021

Homecare acquisition creates $2B business

Honor, a private duty homecare company, has acquired Home Instead, one of the largest in-home care providers in the U.S. The combined companies are worth $2.1 billion.

August 9, 2021
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Consumer acceptance of medical AI coming into focus

Patients are strongly inclined to follow treatment instructions that combine innovative AI recommendations with a physician’s reassuring presence.

August 9, 2021
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How and when FDA assesses the clinical competency of healthcare AI

True or false? Each time a software developer significantly updates an FDA-approved Software as a Medical Device product, the SaMD faces possible re-review by the agency.

August 6, 2021
Pricing for coronary artery bypass grafting (CABG) varies significantly throughout the United States, according to new findings published in the Journal of the American Heart Association.[1] Researchers emphasized that higher prices were not necessarily associated with better patient outcomes. Photo by Karolina Grabowska via Pexels

USA the priciest place in the West for getting older with ailments

It costs more to care for a chronically ill older person in the U.S. than in any of 11 Western countries, according to an analysis authored by researchers from each of the 11 and published Aug. 5 in Health Services Research.

August 5, 2021
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‘Valtruis’ aims to earn big returns on $300M investment in value-based care

The firm’s plan is to support “disruptive” healthcare provider entities that can concertedly pursue profitability by providing value-based care.

August 4, 2021
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Envisioning a world of big, AI-ready—and free—healthcare data, a top medical school leads by example

The academic medical institution that maintains the world’s best-stocked library of curated, patient-deidentified and AI-ready data is going 100% open source with its digital riches.

August 3, 2021
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Delta variant squeezes hospital margins

The COVID-19 delta variant is offsetting improvements in hospital volume and revenue, putting continued pressure on margins.

 

August 2, 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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