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.

bankruptcy in healthcare

Bankruptcy bug kept biting healthcare in 2023

Healthcare saw an alarming spike in Chapter 11 filings last year, lengthening a trajectory that started taking shape in mid-2022.

January 26, 2024
veterans health administration efficiency

Why is VA medicine more efficient than civilian healthcare? Because ‘caring—not money—is our mission’

If private hospitals and clinics mimicked the staffing strategies of the Veterans Health Administration, the former would employ almost a million fewer nonclinical workers.

January 22, 2024
Medicare money payment reimbursement dollar decline. More than 100 U.S. medical societies are throwing their support behind a new proposal that could reform out-of-date Medicare policies and help limit future payment cuts. 

Cardiologists speak out about reimbursement cuts, say Congress ‘left clinicians holding the bag’

When Congress passed its latest continuing resolution to avoid a government shutdown, it provided no relief for cardiologists and other physicians impacted by ongoing Medicare reimbursement cuts. The American College of Cardiology responded to this development with yet another plea for change. 

January 22, 2024
bloomberg healthcare workforce training

Philanthropic foundation to spend $250M training tomorrow’s healthcare workers across 10 cities

A new model of healthcare workforce training emphasizes recruitment and training of teenagers starting in 10th grade.

January 18, 2024
Richard Heller, MD, RSNA Board member, associate chief medical officer for health policy and communications, and national director of pediatric radiology at Radiology Partners, explains some insurance companies are trying to take advantage of the No Surprises Billing Act by telling radiology practices they need to accept lower rates to remain part of the providers in-network.

Radiologists urged to report insurance companies forcing lower reimbursements due to No Surprises Act

Some payers are taking advantage of the NSA by forcing practices to accept lower rates to remain in-network, says Rad Partners' Richard Heller, MD. 

January 18, 2024
business man storm rain crisis

Health systems to face an additional $1.6 trillion climate change burden

Droughts, floods and the spread of disease will require healthcare systems to focus on innovative ways to prepare -- and recover.

January 17, 2024
durbin-ama-opioid. The American College of Cardiology (ACC) and American Heart Association (AHA) have published new guidelines focused on the diagnosis, treatment and management of patients with chronic coronary disease (CCD).

FDA clears mass importing of Canadian drugs

Floridas program is the first to get official approval in an effort to reduce drug costs.

January 16, 2024
Video interview with Radiology Business Management Association (RBMA) President Kit Crancer, and executive director of the Rayus Quality Institute, where he said the lack of federal policy on insurance coverage for diagnostic breast exams as opposed to screening exams

State legislation addresses gaps in breast imaging coverage, ensures affordable diagnostic exams

RBMA President Kit Crancer said a lack of federal policy has driven 20 states to adopt laws requiring that insurance cover the costs. 

January 11, 2024

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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