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.

Online portals fail to present info in a way meaningful to patients

Current online patient portals do not present test information in an easily understandable context for the majority of patients, according to a study published in the Journal of the American Medical Informatics Association.

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Teva Pharmaceuticals to cut 25% of its global workforce

Israel-based Teva Pharmaceuticals, the largest generic drugmaker in the world, will be laying off 14,000 employees, a quarter of its workforce worldwide, including “significant” cuts to its 7,000 U.S. workers.

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AMGA: 60% of members ready to take on downside risk within 2 years

Providers represented by the American Medical Group Association (AMGA) expect more of their business to come from risk-based products in 2019, with government revenues moving from Medicare fee-for-service (FFS) towards Medicare Advantage and shared risk accounting for a greater share of revenue in commercial settings.

Beth Israel-Lahey Health merger to be reviewed by state agency

The Massachusetts Health Policy Commission will review the impacts of a proposed merger between Boston’s Beth Israel Deaconess Medical Center, Burlington, Massachusetts-based Lahey Health and three other hospitals.

HHS code-a-thon aims to prevent opioid overdoses, death

HHS is fighting the opioid crisis with data crunching. Started by HHS Chief Technology Officer Bruce Greenstein, the code-a-thon brought information technology professionals together to develop an impactful approach to reducing opioid overdoses and deaths.

Video game improves physician triage of severe trauma patients

Physicians who played a video game showing a young doctor treating severe trauma patients were better able to distinguish patients in need of higher level of care, according to a study published in The BMJ.

Mergers of Catholic health systems leaves for-profit operators in a bind

Large, for-profit hospital chains HCA, Tenet Healthcare and Community Health Systems (CHS) may come the biggest losers if recently announced mergers of nonprofit systems go through, as hundreds of hospitals will no longer be options for expansion through acquisition. 

UCHealth takes full ownership of 2 hospitals, 17 freestanding EDs

Aurora, Colorado-based UCHealth has bought out the stake of a bankrupt co-operator to assume full ownership of two hospitals and 17 freestanding emergency departments (EDs).

Around the web

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.

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. 

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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