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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Editas Medicine Licenses Genome Editing Technology from Broad Institute and Harvard University

CAMBRIDGE, Mass.--Editas Medicine, a leading genome editing company, today announced that they have entered into an exclusive joint license agreement with the Broad Institute of MIT and Harvard and Harvard University to access intellectual property and technology related to the CRISPR/Cas9 and TALE genome editing systems. 

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Private oncologists forced to sell, close their practices

Private oncologists are being forced to sell or close their practices because insurers have severely reduced payments to them and because the drugs they prescribe patients are now so expensive, reports The New York Times.

Differences in how hospitals charge payers impact price variations

Greater variation exists among private payers versus public ones for different hospital services, according to a study published in the American Journal of Managed Care.

Physician shortage cutting into the bottom lines at hospitals

 While healthcare executives have been worried about the high cost of implementing the Affordable Care Act, what's really keeping them up at night is the rising cost of labor caused by the declining number of physicians, according to Forbes. 

Exchanges filled with high-deductible plans

As federal and state insurance exchanges enter their second year, from 60 percent to more than 80 percent of plans could be high deductible, reports Modern Healthcare.

Orion Health Opens Development Center in Scottsdale, Arizona

Scottsdale, AZ – November 6, 2014 – Orion Health, a population health management company, today announced the opening of its new development center in Scottsdale, Arizona. The Orion Health ‘Center of Excellence’ will serve as the company’s North American research and solution center, supporting big data analytics technology development, focused on providing decision support to clinicians and patients, and solution support for clients’ population health initiatives.

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Woman taken to out-of-network hospital now faces bankruptcy

A Wisconsin woman is fighting off bankruptcy after spending 10 days in the hospital in a medical induced coma. The patient, taken by ambulance to a hospital outside of her covered network, could not alert the driver because she was incapacitated and clinically dead, according to United Press International.

Thousands of Kaiser nurses plan 2-day strike

Thousands of nurses at Kaiser Permanente in Northern California plan to walk off the job amid heated contract negotiations, according to Napa Valley Register.

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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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