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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OSF Ventures Leads Series A Funding Round in Newest Investment

Peoria, IL (May 24, 2016) –OSF Ventures, the corporate investment arm of OSF HealthCare, led a $5.2 million Series A financing round in BrightWater Medical, Inc., a California-based mid-stage medical device company founded by a Peoria doctor.

Philips, MUSC Health announce 8-year, $36 million patient monitoring initiative

Royal Philips and Medical University of South Carolina Health (MUSC Health), the clinical enterprise of Medical University of South Carolina (MUSC), have announced an 8-year, $36 million strategic partnership to transform and improve patient monitoring for more than one million patients a year, reports Business Wire.

Sempre Health is gamifying healthcare to reduce costs

Working for an incentive makes anything more fun, even healthcare. Sempre Health, a company launched from Alchemist Accelerator, is looking to lower the cost for prescription medication by rewarding healthy lifestyles, reports TechCrunch.

Children's healthcare spending grows even amid reduced use

In a report from the Health Care Cost Institute, spending increased related pediatric care in 2014 even though the use of services declined.

Mental health tops in overall spending at $201B

A new report from Health Affairs estimated mental health accounted for $201 billion in 2013.

Maximizing the public good of healthcare data

Healthcare systems are being attacked by hackers, and data remains fragmented among insurers, providers, health record companies, government agencies and researchers.

Highmark sues over reduced ACA risk-corridor payments

Highmark is suing the federal government for $196 million in risk-corridor payments it says agencies are required to pay out under the Affordable Care Act, despite funding constraints put in place by Congress.

Overnight Healthcare: Zika fight enters new phase

House Republicans have introduced a bill that would provide $622 million in funding to fight the Zika virus this year, paid for by shifting funds that were intended to fight Ebola.

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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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