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.

The push toward utilizing IoT

The “internet of things” (IoT) is the bright future of connected technology, yet remains underutilized by healthcare organizations. In a preview presentation by Paul Perry, director of Warren Averett security services, IoT is highlighted for is benefits with connected health.

Iredell Memorial Hospital utilizes UV light to eliminate pathogens

In an effort to keep hospital rooms safe from drug-resistant organism for providers, patients and their families, Iredell Health System has implemented ultraviolet (UV) technology to better detect those pathogens.

Upstep launches one stop custom orthotics online service in the U.S.

Upstep (https://www.upstep.com), founded by Israeli entrepreneurs, is launching a comprehensive online service to buy custom made orthotics designed by world-class podiatrists. Prices represent 35%-50% savings over the direct purchase from podiatrists.

Portable smartphone sensor identifies disease outbreaks, pollution

Testing for carcinogens, pollution and contaminants involves an array of large and expensive sensors accompanied by a trained professional. Researchers have introduced, in ACS Sensors, a new detection system utilizing portable, low-cost sensors paired with a smartphone application to fast track results with high accuracy.

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Sleep tight: Less overnight vital monitoring improves perception of sleep quality at hospital

Being woken in the middle of the night is an unpleasant experience for anyone, but especially patients in the hospital undergoing their nightly vital sign check. Researchers from Ohio State University conducted a study, published in Patient Experience Journal, on reported quality of sleep and patient’s satisfaction during as hospital stay where overnight vital signs were collected compared to when vitals were not taken.

Bayer receives FDA approval for myBETAapp and BETACONNECT Navigator

Bayer has received approval for a supplemental Biologics License Application (sBLA) from the U.S. Food and Drug Administration (FDA) in regards to their myBETAapp™ and the BETACONNECT Navigator™. These platforms utilize software to allow patients with multiple sclerosis to auto-administer BETASERON.

“Smart pill” reminds patients to take their medication

Despite the alarms set on smartphones or reminders from healthcare providers, patients often forget to take or refill their prescriptions. To combat patient’s forgetfulness, researchers at Chicago’s Rush University Medical Center have developed a reminder sent by the pill itself.

Patientco Announces Enhanced Epic Integration for Patient Payments

Patientco, the leading healthcare payments technology company that optimizes the payment experience for providers and patients alike, announced today enhanced integration between its dynamic patient payment platform and Epic’s market-leading EHR technology.

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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