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.

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FDA approves Abbott’s 14-day continuous glucose monitor

The FDA approved the FreeStyle Libre flash glucose monitoring system, which works for up to 14 days at a time, according to an announcement from device maker Abbott.

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Report: Radiologists offered average $371K base salary, rank 5th as most requested medical specialty

National healthcare search and consulting firm Merritt Hawkins released its 2018 Review of Physician and Advanced Practitioner Recruiting Incentives, which listed radiology as the fifth most requested medical specialty searched in fiscal year 2017-2018, up from 10th in the previous year's report.

FDA approves TBI blood test that could reduce need for head CTs by 1/3

A blood test administered within 12 hours of a suspected traumatic brain injury (TBI) could help clinicians identify injuries like hemorrhage and contusion before having to resort to CT imaging, according to the preliminary results of a study published this week in the Lancet Neurology.

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Cleveland Clinic’s ex-CEO Cosgrove to be advisor to Google Cloud

Former CEO and president of the Cleveland Clinic, Toby Cosgrove, MD, will be an executive advisor to Google Cloud’s healthcare and life sciences team.

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New blood test can diagnose melanomas with 79% accuracy

A group of Australian researchers have developed a blood test that can accurately detect melanoma with 79 percent accuracy in its earliest stages. Results of their study were published on July 17 in Onocotarget.

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Where’s the line between consumer advocacy and online harassment?

Considering healthcare is often, literally, a matter of life and death, disagreements between patient and physician can escalate. A recent feature in USA Today looked at one case to explore the blurred line between consumer advocacy and online harassment.

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Foxconn, Aurora Advocate to collect data from 13K employees to streamline care delivery

Foxconn made headlines when it announced plans to build a $10 billion plant in Racine County, Wisconsin. Now, the Taiwanese tech giant has sights set on improving healthcare for the 13,000 employees who will work at the facility.

Nursing notes provide value in predicting ICU patient survival

Unstructured clinical nursing notes, including sentiments of clinicians, can help predict patient outcomes in the ICU, according to a study published in PLOS One.

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Around the web

Cardiovascular Business
Cardiologist compensation still rising, especially in invasive and interventional cardiology

Updated compensation data includes good news for multiple subspecialties. The new report also examines private equity's impact on employment models and how much male cardiologists earn compared to females.

Cardiovascular Business
FDA’s tirzepatide decision creates uncertainty for patients—and leads to a lawsuit

When drugs are on the FDA’s shortage list, outsourcing facilities can produce their own compounded versions. When the FDA removed tirzepatide from that list with no warning, it created a considerable amount of chaos both behind the scenes and in pharmacies all over the country. 

Cardiovascular Business
Cardiology groups cheer new bill that would improve access to Medicare claims data

If passed, this bill would help clinician-led clinical registries explore Medicare data for research purposes. The Society of Thoracic Surgeons and American College of Cardiology both shared public support for the bipartisan legislation. 

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