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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Aetna moving to New York from Connecticut

Aetna has confirmed its moving its corporate headquarters out of Hartford, Connecticut and into New York City, which offered a package of property and sales tax breaks worth nearly $34 million.

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Epic to launch medical billing unit later in 2017

Electronic health record giant Epic is now expanding into medical billing space, according to a new job listing posted on its website.

Financial incentives, electronic reminders do not improve medication adherence

Medication adherence is vital for patients with an acute myocardial infarction (AMI), yet adherence remains low. A study, published in JAMA Internal Medicine, examined if wireless technology and incentives could increase adherence and improve patient outcomes.

Internists Make Recommendations at Meeting With HHS Secretary

The American College of Physicians (ACP) today told a meeting convened by Health and Human Services (HHS) Department Secretary Tom Price that it has long identified reducing excessive administrative tasks as an important objective. The purpose of the meeting was to evaluate the impact of government requirements on the clinician-patient relationship.  

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HFMA 2017: 2 out of 3 patients don’t pay their hospitals bills in full

68 percent of patients with hospital bills under $500 didn’t pay off the full balance by the end of 2016, according a TransUnion Health study released at the Healthcare Financial Management Association (HFMA) conference in Orlando.

Personalized technology brings stimulation to dementia patients

Patients with dementia living in long-term care facilities are often on their own when it comes to mental stimulation. Without much interaction, many patients develop behaviors such as hitting, screaming and wandering. A study, set to be presented at the 2017 International Symposium on Human Factors and Ergonomics in Health Care, explains how a new interactive tool is able to increase engagement and improve outcomes.

Seattle firm aims to develop self-driving hospital to go to patients

Artefact, a Seattle-based design firm, is bringing the hospital to patients with what it calls a hospital in a self-driving car. "Aim" aims to bring healthcare into the future with all the amenities of a hospital without the need to travel.

Alexa voice technology makes its way into hospitals

The Amazon Echo, home to Alex voice software, can do more than remind people of their next appointment. Hospitals around the nation are adding the technology to their wish lists with the aim of improving patient outcomes both in and out of the hospital.

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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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