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.

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
Hospital staff walking through a medical facility, intentionally blurred to look artistic

More evidence that 2022 has been a hard year for healthcare providers

Many hospitals are experiencing losses for 2022, a year that some are calling the most difficult operating environment they’ve ever experienced. 

October 19, 2022
Hospital finance, Despite improving margins, hospitals face a long road to recovery from the COVID pandemic

What most hospital ranking systems are missing

Hospitals have been nationally ranked by popular media sources such as U.S. World News & Report for decades, but the quality measures used to determine these lists may be missing one key domain––health equity.

October 18, 2022
flu_covid_sick.jpg

CDC reports early flu season

The 2022-2023 flu season is off to an early start, according to the Centers for Disease Control and Prevention (CDC), which noted there are increases happening in most of the country despite relatively low activity overall.

October 18, 2022
cardiologist Peter J. Fitzgerald, MD, PhD, HeartBeam

Cardiac technology startup names cardiologist Peter Fitzgerald its chief medical officer

Fitzgerald, a leading figure in interventional cardiology, praised the company's potential to improve patient outcomes and quality of life. 

October 12, 2022
COVID-19 vaccines help reduce the serious coronavirus infections and hospitalizations. Multiple studies have shown that the risk from very rare vaccine side effects are far outweighed by the much greater risk of hospitalization and death due to COVID infections.

COVID-19 vaccines prevented 300K deaths in 2021

COVID-19 vaccines were very effective at preventing serious illness and excess deaths in 2021, according to new data from the Department of Health and Human Services (HHS). The vaccines were also linked to considerable cost savings. 

October 11, 2022
medical billing_5.jpg

Most consumers are not shopping around for better healthcare prices

While the Biden administration and federal agencies have made price transparency a long-term goal for the U.S. healthcare industry, a recent study revealed Americans aren’t actually shopping around very often for better healthcare prices.

October 10, 2022
primary_care_doctor.jpg

Male physicians receive significantly higher payment compared to female counterparts

The medical industry directs the vast majority of its spending for the promotion and advertising of medical devices and drugs towards physicians––but those industry payments are significantly larger for male physicians compared to female physicians.

October 10, 2022

Around the web

The Society for Cardiovascular Angiography & Interventions and Society of Thoracic Surgeons have both shared statements in support of the ban, which is already being challenged in court. The American Hospital Association, meanwhile, opposes the policy shift, saying it “errs by seeking to create a one-size-fits-all rule”

Alison Bailey, MD, co-chair of the business of cardiology sessions at ACC.24, emphasized that reimbursement cuts can have a long-term negative impact on patient. 

In addition, cardiologists average an additional $75,000 per year in incentive-based bonuses. That number is only higher for two other specialties. 

Trimed Popup
Trimed Popup