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.

AMA CEO warns of 'digital dystopia' at AMA meeting

American Medical Association Executive Vice President and CEO James L. Madara, MD, said physicians need to have a role in the creation of new digital products as a way to ensure the industry stays away from what he calls a “digital dystopia” of technology that makes care less efficient

Could telemedicine be a fad?

Telemedicine is taking over the healthcare space, but is still controversial and disconnected from mainstream medicine. Will this innovation become the powerful force of change for healthcare or will it fizzle out? 

Healthcare providers are finally joining the world of telemedicine

A survey conducted by KPMG have analyzed the telemedicine rates of adoption in healthcare systems and found that both payers and managed care organizations have interest in the adoption of this technology to help lower the costs of care and have started offering the service as a part of their benefits packages, reports ModernMedicine.  

New app for lung cancer patients proves stellar in early trial

A smartphone called Moovcare may help lung cancer patients live longer and better by monitoring symptoms and alerting doctors to potential problems, reports U.S. News. 

Artificial intelligence will play a larger role in healthcare

Artificial intelligence is evolving and integrating almost every industry, including healthcare. Growing from a $600 million to a $6-billion-dollar industry in just two years, the AI market is poised to take over the healthcare industry. Systems can assess enormous amounts of patient data, provide guidance and decision support, and improve clinical workflow.

Editorial: EMR implementation is broken

With billions of dollars being invested by hospitals to implement EMR’s the technology should be running smoothly, but it’s actually the exact opposite. The transition from paper was meant to make healthcare faster and more efficient, but things haven’t improved with data being incomplete and inconsistent.

Study: Racial, gender pay gap exists among physicians

African-American male physicians earn substantially less than their white counterparts, while male doctors have higher incomes than females, according to a new study published in the BMJ.

CMS asked to overlook Medicare math errors that could cost Mass. hospitals $115M

To prevent Massachusetts hospitals from losing $115 million in Medicare funding over accounting mistakes at a single small hospital, Partners Healthcare is asking CMS to use corrected data to calculate reimbursements, even though the deadline for corrections has passed.

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.