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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Connecticut hospital executives express concern with the state’s hospital tax

Although 10 of 17 hospital systems in Connecticut had positive operating margins in 2015, hospital executives are still concerned with the state’s controversial hospital tax, The (Danbury, Conn.) News-Times reports. The newspaper said hospitals are expected to pay $556 million in taxes this year and receive $164 million in state aid and federal matching funds.

UPMC funding first projects from Pittsburgh Health Data Alliance

UPMC Enterprises will fund the first six projects created under the umbrella of the Pittsburgh Health Data Alliance.

Christie calls for two-year ban on lawsuits by towns over hospital property taxes

New Jersey Governor and recent presidential candidate Chris Christie has called for legislation that would put a two-year ban on lawsuits by towns challenging a hospital’s tax-free status.

Community Care of North Carolina wins inaugural Hearst Health Prize and $100,000

Community Care of North Carolina won the inaugural Hearst Health prize on March 8 and $100,000 for excellence in managing or improving health.

Immediate opposition mounts to White House prescription drug payment proposal

A plan proposed by the Obama administration to test how limiting prescription drug payments might help lower excessive spending has been met with swift opposition from physicians, providers, drug manufacturers and healthcare organizations.

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Report: Practices spend 785 hours, $15.1 billion on quality measures annually

Quality reporting efforts take their toll in time and money, according to a report published in Health Affairs.

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Claims analysis: Price transparency won’t do much to cut U.S. health spending

Menu-izing the costs of care doesn’t turn the average American into a skilled healthcare shopper, but don’t blame the consumer. 

Xerox survey: Millennials most cost-conscious about healthcare

According to a new survey financed by Xerox, Millennials, or individuals between the ages of 18 and 34, are the most cost-conscious generation when it comes to healthcare. Fifty percent have even delayed treatment due to the healthcare costs. 

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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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