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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Steward paid $719M dividend to private equity owner prior to bankruptcy

The 2016 payout totaled $770 million, with $71 million going to executives at Steward Health Care. That year, the hospital chain reported a net loss of $300 million. 

cross market hospital mergers

Abiomed, Biosense Webster, Cerenovus now all known as Johnson & Johnson MedTech

These companies were already part of the Johnson & Johnson family, but they had still retained their previous brand names. Now, each one is officially going by Johnson & Johnson MedTech. 

Healthcare systems set up at the ACC.24 career fair in hopes of filling open positions, including a large and growing number of general cardiologist positions. Photo by Dave Fornell #ACC24 #ACC2024

Healthcare job growth slowing, down nearly 50% on the year

There were 31,000 new healthcare jobs added in August, a downward trend from the 60,000 average over the last 12 months.

Biden administration aims to improve prior authorizations for mental health services

Announced Monday, modifications to the Mental Health Parity and Addiction Equity Act would close loopholes that limit patient access to mental health and addiction treatments.

Time running out to comment on higher cardiac CT payments

Imaging experts have said the move could reshape the financial landscape for hospitals offering Cardiac CT services.

Rite Aid closing stores bankruptcy

Rite Aid emerges from bankruptcy with $2.5B in new financing

The pharmacy chain is now a leaner private company, having dropped $2 billion in outstanding debts. 

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Report predicts a shortage of 100,000 healthcare workers by 2028

An analysis from Mercer paints a complicated picture of healthcare labor shortages, where some states will fare far better than others. 

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Johns Hopkins, CareFirst partner with venture capital for ‘AI accelerator’ program

The 13-week course will be held in Baltimore sometime in March 2025. Healthcare AI startups have until Nov. 20 to apply.

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Around the web

Cardiovascular Business
Cardiology groups cheer new bill that would improve access to Medicare claims data

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. 

Cardiovascular Business
Watchdog group, fearful of fraud, wants more oversight for remote patient monitoring

Cardiologists and other physicians may soon need to provide much more information when ordering remote patient monitoring for Medicare patients.

Cardiovascular Business
Most recalled cardiovascular devices gained FDA approval with little to no clinical evidence

Why are so many cardiovascular devices involved in Class I recalls? One possible reason could be the large number of devices hitting the market without undergoing much premarket clinical testing. 

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