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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Scientists express concern after gene-editing tool used on human embryo

Some scientists are showing concern after an experiment used a gene-editing tool to fix a potentially fatal heart condition in a human embryo, according to a report by The Wall Street Journal.

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Graphics, animation more effective for assessment of patient pain

The use of animations and graphics—instead of the traditional self-reporting and numerical scales—is a faster, more effective method for pain assessments in patients.

AI can't match a physician's 'gut instinct' when examining a patient

New research from the Massachusetts Institute of Technology (MIT) suggests a physician's intuition—or, in other words, gut feeling—about a patient’s condition significantly influences the amount of diagnostic imaging, which is well above the capabilities of artificial intelligence (AI).

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Pre-operative 3D image simulation does not improve satisfaction with breast augmentation

Advanced imaging techniques have shown great potential in improving diagnosis and treatment of various conditions. But a recent study of patients undergoing breast augmentation surgery showed 3D image simulation did not improve satisfaction post-procedure, though most patients preferred the use of the imaging technique.

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Can self-reported data from patients be trusted? Depends on the outcome

As the saying goes, You can’t always believe what you hear. But when it comes to patients self-reporting health care utilization, just how accurate can people be? A study, published July 30 in the Journal of Medical Internet Research, examined patients’ abilities to recall complications in the 90 days after orthopedic procedures through an automated online patient engagement survey.

Video recording could limit communication breakdowns between physicians, nurses

Memories aren’t the perfect carbon copies of reality many people believe them to be. One person’s interpretation of an event could be quite different from another participant. Researchers hoped to limit communication breakdowns between nurses and physicians by recording video of interactions, so the participants could review and critique them.

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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.

Around the web

Compensation for heart specialists continues to climb. What does this say about cardiology as a whole? Could private equity's rising influence bring about change? We spoke to MedAxiom CEO Jerry Blackwell, MD, MBA, a veteran cardiologist himself, to learn more.

The American College of Cardiology has shared its perspective on new CMS payment policies, highlighting revenue concerns while providing key details for cardiologists and other cardiology professionals. 

As debate simmers over how best to regulate AI, experts continue to offer guidance on where to start, how to proceed and what to emphasize. A new resource models its recommendations on what its authors call the “SETO Loop.”