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.

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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Aetna argues federal case against Humana merger based on ‘pretend world’

The antitrust trial on Aetna’s proposed $37 billion acquisition of Humana began Dec. 5, with the U.S. Department of Justice beginning to make its case that the merger would reduce competition and raise prices for patients and hospitals.

TrainerMD, Styku use gaming console to produce 3D body scans

The Microsoft Xbox Kinect isn't just for video games. TrainerMD, producers of HIPAA-compliant software for patients and clinicians, has paired with Styku, a software and Microsoft Accelerator company, to utilize the machine as a 3D body scanner.

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.