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.

New Jersey hospital deal collapses after gaining state approval

Ontario, California-based Prime Healthcare Foundation won regulatory approval on May 8 to buy Salem, New Jersey-based Memorial Hospital of Salem County—but then decided to scuttle the deal the very same day.

Wireless earbuds advance from playing music to hearing aids

When gadget manufacturers introduced wireless earbuds, many consumers expressed interest in the innovation. Noah Kraft, cofounder and CEO of Doppler Labs, saw the product could expand past just playing music—he lead a team to develop smart earbuds that act as over-the-counter hearing aids.

Clinicians can check 2017 MIPS participation status online

CMS has opened up a new online tool for clinicians to check whether they should participate in the new Merit-based Incentive Payment System (MIPS) for 2017.

Anthem wants 60 more days to fight Cigna’s exit from merger

Anthem has requested more time from a Delaware court to salvage its $54 billion merger with Cigna, asking for a 60-day extension of a temporary injunction to block its would-be partner from opting out of the deal. 

Seattle hospital director: ACA replacement plan would cost his facility $637 million

In the debate over the American Health Care Act (AHCA), the Republican-sponsored plan to replace the Affordable Care Act (ACA), little has been said about its impact on hospital finances, but one Seattle hospital executive indicated it would be devastating. 

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Billing patients at chargemaster rates may be illegal

Charging patients at the list prices for procedures and services set by the hospital chargemaster isn’t allowed under contract law, according to a study published in American Journal of Managed Care.

TV more comforting than anesthesia for kids undergoing radiotherapy

Tuning into SpongeBob could be one method to reduce the number of anesthesia doses to children with cancer. A study, presented at the ESTRO 36 conference in Vienna, found projecting videos on the inside of a radiotherapy machine during treatment could be a less traumatic, more cost-efficient method of managing pain for these patients.

Advocate to cut $200 million after alarming 1Q 2017

The largest health system in Illinois, Advocate Health Care, will make $200 million in cuts after revenue fell well short of what had been budgeted in the first quarter of 2017.

Around the web

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.

The 24 members of the House Task Force on AI—12 reps from each party—have posted a 253-page report detailing their bipartisan vision for encouraging innovation while minimizing risks. 

Merck sent Hansoh Pharma, a Chinese biopharmaceutical company, an upfront payment of $112 million to license a new investigational GLP-1 receptor agonist. There could be many more payments to come if certain milestones are met.