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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Humana to write off $591 million owed in risk corridor payments

Humana indicated it doesn’t expect to receive the $591 million its owed by the federal government under the risk corridor program of the Affordable Care Act (ACA).

2016: The year of digital health and recalibration

As 2016 comes to a close, the year has had its share of ups and downs. But looking specifically at the healthcare field, the year proved to be one of recalibration. 

Nationwide Children’s Hospital joins TriNetX

To help create clinical trials, Nationwide Children’s Hospital, pediatric hospital Columbus, Ohio, has signed an agreement to join TriNetX, a software company in Cambridge, Massachusetts. 

Competition opens for wearables capable of detecting blood-alcohol levels

The National Institute on Alcohol Abuse and Alcoholism is holding a competition to develop technology for wearable devices to measure blood-alcohol levels in real time. The first-place prototype winners will be awarded $200,000, with $100,000 going to second place.

Texas hospital employees seek donations after facility can't make payroll

Weimar Medical Center (WMC) in Texas has been closed since Nov. 26 when it didn’t have enough money to pay its employees. Several weeks later, workers are still waiting on checks.

Nonprofit hospitals maintain stable outlook in Moody’s report

Moody’s Investor Service projects nonprofit hospitals and health systems will remain stable in 2017, despite uncertainty caused by the results of the presidential and congressional elections.

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Trump talk: President-elect's promise to control drug prices tanks biotech stocks

Biotech stocks fell nearly 5 percent Dec. 7, after Time magazine published an interview with President-elect Donald Trump's interview with Time magazine, in which he vowed to take action to control drug prices.

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‘A true clean slate:’ What hospitals want in ACA repeal

If Republicans in Congress move forward with plans to repeal the Affordable Care Act (ACA) without a replacement ready, hospitals could lose hundreds of billions of dollars.

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Around the web

Cardiovascular Business
Cardiologist compensation still rising, especially in invasive and interventional cardiology

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.

Cardiovascular Business
FDA’s tirzepatide decision creates uncertainty for patients—and leads to a lawsuit

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. 

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. 

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