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.

AUM Cardiovascular receives FDA clearance for diagnostic ECG system

AUM Cardiovascular has received clearance from the Food and Drug Administration (FDA) for its non-invasive acoustic and ECG device. The CADence device uses recorded sounds from a patient's heart and proprietary algorithms to evaluate cardiovascular health.

Hospitals hiding price of new technologies from patients

Announcements of new procedures or devices available at hospitals and health systems are meant to attract patients and attention to the facilities. What usually gets left out of that conversation, Axios reports, is how much those new technologies cost.

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Few patients making use of price transparency tools

Two studies published in the August edition of Health Affairs emphasized while patients like the idea of having healthcare prices available for comparison shopping, in practice, few actually take advantage of the tools.

Molina posts $230M loss, retreating from ACA markets

Molina Healthcare won’t offer plans on the Affordable Care Act (ACA) exchanges in Utah and Wisconsin in 2018 after reporting a $230 million loss in the second quarter.

Brigham and Women’s may ask more employees to take voluntary buyouts

Boston’s Brigham and Women’s Hospital may ask more of its 18,000 employees to voluntarily give up their jobs to minimize forced layoffs.

Practicing on 3D-printed models cuts surgery time, costs

Practicing before a surgery, especially for procedures on children, helps reduce surgery time and costs. In a study published in the Journal of Children's Orthopaedics, engineers and pediatric orthopedic surgeons have utilized 3D printing to help surgeons train for a common hip disorder in children 9 to 16 that cuts surgery times by 25 percent.

HIMSS Launches Steve Lieber Innovator Scholarship

The Steve Lieber Innovator Scholarship, sponsored by the HIMSS Foundation, recognizes the leadership and passion for innovation in digital health technology of its namesake, HIMSS president and CEO for more than 17 years.

CMS finalizes 2018 skilled nursing, inpatient rehab, hospice payment rules

CMS has issued its final rules for 2018 Medicare payment rates and policy updates for skilled nursing facilities (SNFs) and inpatient rehabilitation facilities (IRFs).

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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