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 American College of Cardiology and Heart Rhythm Society issued a joint statement soon after CMS published its final rule for the 2023 Medicare Physician Fee Schedule. The groups warned that the final rule could threaten patient access to high-quality care. Medicare cuts may harm patient care.

These states are struggling the most to find primary care physicians

Among primary care physicians, there is a huge unmet need in certain parts of the country, according to a recent ranking from the Kaiser Family Foundation.

October 27, 2022
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Physician salary update: Women still earning much less than men

Despite the wide pay gap, the majority of female physicians—specialists or otherwise—said they would choose to pursue a career in medicine again if given the choice.

October 25, 2022

HCA Healthcare slashes contract labor to cut costs

One of the nation’s largest health systems is shoring up its expenses by cutting back on contract labor amid growing financial challenges. 

 

October 25, 2022
Medicare money payment physician. The CardioVascular Coalition and Society for Cardiovascular Angiography and Interventions have both issued new statements highlighting their issues with the 2024 MPFS proposed rule. 

46% of Americans have been in debt due to hospital bills

The ever-rising cost of healthcare in the United States is having a crippling financial impact on many Americans, according to a recent survey.

October 25, 2022
Cordis acquires MedAlliance, known for its drug-eluting balloon technology, in deal that could surpass $1B

Cordis to acquire MedAlliance, known for its drug-eluting balloons, in deal that could surpass $1B

The acquisition includes an initial investment of $35 million and an upfront closing payment of $200 million. By 2029, if the companies reach all targeted regulatory and commercial milestones, the acquisition could cost Cordis up to $1.135 billion in all.

October 25, 2022
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Philips cuts 4K jobs amid falling sales

“These initial actions are needed to start turning the company around," new CEO Roy Jakobs said in a statement. 

October 24, 2022
Medicare money payment physician. The CardioVascular Coalition and Society for Cardiovascular Angiography and Interventions have both issued new statements highlighting their issues with the 2024 MPFS proposed rule. 

Bright Health raises $175M, cancels some operations for 2023

Bright Health Group announced it has raised $175 million, as well as major changes to its business operations.

 

October 21, 2022
Claire Ernst, director of government affairs, Medical Group Management Association (MGMA), explains the list of priorities for the association. These include staving off the large, planned 2023 Medicare reimbursement cuts, fighting for continuation of reimbursements for telehealth, and revamping prior authorizations.

VIDEO: MGMA explains why the COVID-19 public health emergency extension is critical

Claire Ernst, director of government affairs for the Medical Group Management Association, talked to us about why extending the federal COVID-19 health emergency was so important for healthcare providers.

October 19, 2022

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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