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.

Former managers of a Tampa Florida-based radiology company Advanced Diagnostic Group (ADG) and its employee stock ownership plan (ESOP) retirement benefit manager GreatBanc Trust Co. will pay $19 million to settle a class action lawsuit. The suit alleges they allowed the ESOP’s value to be diverted to managers, directors and their shell companies and away from employee participants. money gavel court lawsuit legal judge judgement

Florida doctor pleads guilty to role in conspiracy to control cancer resources

“The FBI will not stand by and allow those trusted with saving lives to manipulate the healthcare system for their own benefit," one agent said in a DOJ statement. 

August 28, 2023
artificial intelligence money finance acquisition

AI specialists focused on discovering new drug therapies raise $200M

“AI presents a potent opportunity to revolutionize the drug discovery process," according to the company's CEO.

August 21, 2023
The U.S. Food and Drug Administration (FDA) has issued a new draft guidance designed to help applicants add clinically relevant information about QTc interval prolongation to the labeling of non-antiarrhythmic drugs

‘Gray market’ vendors hike up prices during drug shortages, leaving hospitals in a bind

Hospital executives find themselves in a challenging position—pay big bucks for hard-to-find medications or risk letting their patients down. 

August 18, 2023
USA China artificial intelligence race

Race for AI dominance: 5 points to ponder about US v. China

AI that’s intended to let cars drive themselves can be repurposed to let tanks level cities. And AI can just as easily weaponize a virus as diagnose it. These are not secrets.

August 17, 2023
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Biden administration invests $100M in strengthening nursing workforce

The funding is a response to the escalating demand for registered nurses, nurse practitioners, certified nurse midwives and nurse faculty throughout the United States. 

August 15, 2023
The Society for Cardiovascular Angiography and Interventions (SCAI) has issued a new statement urging the American Board of Internal Medicine (ABIM) to rethink its maintenance of certification (MOC) policies. The organization, home to more than 4,500 interventional cardiologists, says some of its members have seen their privileges “threatened and even revoked” despite passing the necessary exams and reporting procedural volumes as required. Stamp | Certification

Interventional cardiologists call out ABIM for ‘unfair and unjustified’ certification policies

“This situation unacceptably exacerbates the interventional cardiology workforce shortage and threatens to directly impact the care of patients," SCAI wrote in a new statement. 

August 11, 2023
commercial health insurance

AHA head: ‘Time to hold commercial health insurers accountable’

The problem of commercial health insurers standing between patients and providers is bad and only getting worse.

August 10, 2023
Hospital financial trouble

AHA urges hospital stakeholders to wake up and smell the financial trouble that’s been brewing

The American Hospital Association is sounding the alarm over evidently widespread acceptance of 0% operating margins—or even negative margins—as a sort of “new normal” for U.S. hospitals and health systems.  

August 3, 2023

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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