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.

100 employees to be laid off at MedStar Washington

MedStar Washington Hospital Center in Washington, D.C., will lay off 100 employees, or 2 percent of its workforce, according to a June 2 email obtained by the Washington Business Journal.

At-home blood pressure monitors inaccurate 70% of the time

Precision in medical devices, especially those used at home, are critical in ensuring patients are able to manage chronic conditions. In a study, published in the American Journal of Hypertension, researchers from the University of Alberta evaluated at-home blood pressure monitors for accuracy.

Med groups to CMS: Include Medicare Advantage patients under Advanced APMs

Ten healthcare industry groups, including the American Medical Association, have asked CMS to allow Medicare Advantage (MA) patients to count towards the threshold requirements to qualify as an Advanced Alternative Payment Model (APM).

6 findings from HIMSS 2017 Precision Medicine Study

The combination of precision medicine and information technology (IT) has the potential to improve patient outcomes. But many healthcare organizations are slow to pursue integration. A recently released report, “2017 Precision Medicine Study," from Healthcare Information and Management Systems Society (HIMSS) outlines how healthcare organizations view the expansion and improvement of IT with precision medicine.

AstraZeneca Select ArisGlobal LifeSphere Safety - Risk Management™

ArisGlobal, a leading provider of integrated, cloud-based software solutions for life sciences announces LifeSphere Safety - Risk Management™, a multi-tenant, cloud-based solution that offers a comprehensive set of data analytics, workflow and reporting tools for end-to-end signal detection and risk management.

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New York public hospitals eliminating 476 positions

The largest public health system in the U.S., NYC Health + Hospitals, announced on June 2 it will lay off 396 managers and eliminate 80 currently unfilled positions as it faces a projected budget of $6 billion through 2020.

Healthcare professionals must be bold on digital health

Being tough on digital health is the passion of Mary Meeker, a partner at Kleiner Perkins Caufield & Byers. In her recent presentation of the “Internet Trends Report,” she outlines how healthcare and technology are forming a new system of care and what solutions she poses to further advance this partnership.

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Electronic patient-reported outcomes extend lives of those with metastatic cancer

Researchers are hoping to improve engagement with electronic patient-reported outcomes (PROs) to increase survival rates in those with cancer. A study published by JAMA reported the integration of electronic PROs into routine care was able to improve outcomes in those with metastatic cancer.

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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