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.

8-hour physician communication training leads to improved patient experience

Hospital systems could improve the patient experience and physician engagement by providing physician communication skills training (CST), according to a study published in Patient Experience Journal.

Bionic pancreas decreases stress, improves treatment satisfaction in type 1 diabetes patients

Patients with type 1 diabetes experienced higher levels of treatment satisfaction and lower distress levels when using a bionic pancreas (BP), according to a study published by Mary Ann Liebert.

Merger proposed between home health providers LHC Group, Almost Family

Louisville-based home healthcare provider Almost Family has signed a definitive agreement to be acquired by competitor LHC Group in a deal that would create the second-largest home health agency (HHA) in the U.S.

Blue Cross partners with Onduo to provide diabetes management wearable

Blue Cross and Blue Shield has announced a partnership with Onduo, an Alphabet-backed wearable device for the monitoring of glucose levels in diabetic patients.

Social media big data could provide information on fighting prescription drug addiction

Researchers from Dartmouth, Stanford University and IBM Research have conducted a review of literature to evaluate the feasibility of using social media data to identify behavioral patterns of prescription drug abuse. Findings are published in Journal of Medical Internet Research.

Medicare falls behind other countries in providing great care

Policymakers may think elderly Americans should be satisfied with their Medicare coverage, but, according to new research from the Commonwealth Fund, they come in last place when compared to senior healthcare in 10 other countries.

EpicMD Names Jack Karabees President and Vice President of Sales

EpicMD, www.epic.md, a trusted leader in cloud-based telehealth and telemedicine technology platforms, today announced the appointment of Jack Karabees as EpicMD’s President and Vice President of Sales. Karabees has spent over 25 years successfully establishing and executing high-growth sales and marketing plans for enterprise healthcare, payer and hospital-related software technology companies. “We feel that Karabees brings an unusual blend of technology and healthcare leadership experience to the company,” said Matt Wanderer, company CEO. “His experience at this stage of company growth is also a fantastic fit,” he continued.

Chicago's Cook County may lay off 600 after soda tax repeal

In October, Cook County, Illinois, which includes Chicago, repealed a penny-per-ounce tax on sugary beverages that had been in effect for just two months. The move, which resulted from a huge public backlash to the tax, may lead to some 600 layoffs included in a proposal from Board President Toni Preckwinkle.

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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