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.

Only 18% of clinical recommendations are evidence-based

Advising patients on decision making with input based on evidence should be the minimum for primary care physicians. But according to a new BMJ study, only 18 percent of clinical recommendations are based on high-quality evidence.

Advanced Sterilization Products receives FDA clearance for sterilization testing tool

Advanced Sterilization Products (ASP) have received clearance from the U.S. Food and Drug Administration for the STERRAD VELOCITY Biological Indicator (BI) System. This system, which tests tools for proper sterilization, is able to cut time when receiving test results from hours to 30 minutes.

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.

Around the web

RBMA President Peter Moffatt discusses some of the biggest obstacles facing the specialty in the new year. 

Mark Isenberg, executive vice president of Zotec Partners, discusses key developments that will reshape the specialty this year. 

The tirzepatide shortage that first began in 2022 has been resolved. Drug companies distributing compounded versions of the popular drug now have two to three more months to distribute their remaining supply.