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.

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
Harvard Medical School

Harvard Medical School boycotts US News & World Report rankings

Harvard Medical School, currently ranked the No. 1 medical school in the United States, has withdrawn from submitting data to U.S. News & World Report’s annual ranking of the best medical schools.

January 18, 2023
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Pfizer expands not-for-profit products initiative

Pharmaceutical giant Pfizer is expanding its not-for-profit products, widening its existing initiative with the aim of lowering health inequities.

January 17, 2023
layoffs staff cuts termination workforce

Verily lays off 15% of workers months after raising $1B

Verily, the life sciences subsidiary of Google parent company Alphabet, is laying off 15% of its workforce just months after raising $1 billion in a funding round.

January 13, 2023
The 120,000-square-foot advanced outpatient care center on the 4800 block of South Cottage Grove Avenue is expected to serve more than 50,000 patients annually from Bronzeville and nearby communities. Northwestern also wants to try and staff the majority of the clinic with clinicians who are Black to better reflect the community they will be serving. Construction could begin in summer 2023, with a scheduled opening in summer of 2025.

VIDEO: Northwestern plans to open Chicago South Side clinic to address healthcare access

Northwestern's Clyde Yancy, MD, discusses how his health system is addressing health access equity issues with plans to open a new outpatient clinic on the historically Black Chicago South Side.

January 13, 2023
Vaccine

Bernie Sanders slams Moderna for planned COVID-19 vaccine price hike

After Moderna leadership revealed plans to potentially quadruple the price of its COVID-19 vaccine, Sen. Bernie Sanders (D-VT) and others criticized the move.

January 11, 2023
Money dollar investments

HHS to release first wave of drugs up for price negotiations Sept. 1

HHS is moving forward with drug price negotiations afforded to CMS under the Inflation Reduction Act.

January 11, 2023
Ransomware

Ransomware attacks doubled in a five-year period

Healthcare organizations are under threat from a rapid increase in ransomware attacks, putting patient health information at risk.

January 10, 2023

Around the web

More than 5,000 U.S. physicians joined forces to launch the new group. They say they are focused on limiting private equity's involvement and influence in healthcare. 

Just 10.5% of U.S. physicians said they view private equity ownership in healthcare in a positive light. 

Kate Hanneman, MD, explains why many vendors and hospitals want to lower radiology's impact on the environment. "Taking steps to reduce the carbon footprint in healthcare isn’t just an opportunity," she said. "It’s also a responsibility."

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