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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Amazon Alexa challenge combines diabetes management, voice technology

The Alexa Diabetes Challenge, launched April 10, is searching for innovators to improve the capabilities of the Amazon Alexa voice-enabled device to assist users with type 2 diabetes. The multi-stage competition, sponsored by Merck & Co. and supported by Amazon Web Services, is offering $250,000 in total in prizes.

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S&P: ACA markets ‘fragile'—but not in death spiral

Despite claims by President Donald Trump, Republican members of Congress, and some insurance CEOs, the Affordable Care Act (ACA)’s health insurance exchanges aren’t in a death spiral, according to a Standard and Poor’s (S&P) analysis, which predicts the individual market is actually on a path to profitability in 2018.

Contacting patients before surgery cuts cancellations in half

Cancelling a preplanned surgery, especially in ambulatory care, costs hospitals money and resources and wastes time. A recent study, published in AORN, looked at how contacting patients by phone before surgery can reduce the number of cancellations. 

FDA OKs 23andMe to sell disease risk genetic tests

In a first for the U.S. Food and Drug Administration (FDA), the genetic testing company 23andMe is being given permission to sell genetic tests for disease risks.

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Rheumatoid arthritis patients get moving, feel less fatigued when using pedometers

Providing rheumatoid arthritis patients with a simple pedometer has shown to increased daily activity and decrease fatigue, according to a study published in Arthritis Care & Research. 

PhRMA Launches New "Share the Savings" Campaign to Urge Payers to Share Negotiated Discounts with Patients

The Pharmaceutical Research and Manufacturers of America (PhRMA) today unveiled "Share the Savings," a new campaign to educate the public about the lack of rebate pass-through for commercially insured patients with high deductibles and coinsurance.

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Cardinal Health nearing $6 billion purchase of Medtronic’s medical supplies unit

Cardinal Health is in exclusive talks to acquire the medical supplies business of Medtronic for $6 billion, sources told Reuters on April 5. 

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21% of patients received different final diagnoses after second opinion

A study conducted by James Naessens, ScD, a healthcare policy researcher at Mayo Clinic, published in the Journal of Evaluation in Clinical Practice, showed how a second opinion can affect the final diagnoses of a patient’s condition. 

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Around the web

Cardiovascular Business
FDA says years-long tirzepatide shortage is resolved, will give limited leeway to compounders

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.

AI in Healthcare
From Capitol Hill to a hospital near you? 5 federal recommendations for healthcare AI policy

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. 

Cardiovascular Business
Merck spends up to $2B to license new weight loss drug with potential heart benefits

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.