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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Inflation continues to outpace physician compensation increases

The new data summary report, Benchmarking for the Future of Your Physician and APP Workforce, contains insight from nearly 190,000 providers across over 6,800 organizations.

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Hospitals set back by private payers’ penchant for declining claims, delaying payments

Commercial health insurers tend to reimburse providers considerably more per service than their governmental counterparts. However, they’re also much more likely to initially deny claims.

Medtronic acquires insulin patch manufacturer for $738M

The deal represents a significant step forward for Medtronic's diabetes portfolio.

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'Forced to jump through hoops': Commercial insurers are making life harder for physicians

Although commercial payors do offer better reimbursement rates, their lack of timeliness in making payments is negatively impacting hospitals.

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The best and worst states to practice medicine

Malpractice premiums appear to play a significant role in the rankings. Even states with ample job opportunities and low-to-moderate cost of living were ranked poorly due to their high malpractice premiums.

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1 in 3 cardiologists have been sued, though they often win when it happens

Overall, 31.2% of U.S. physicians say they have been sued. When looking at only cardiologists, the percentage is slightly higher.

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Novavax to cut 25% of its workforce, with R&D taking the biggest hit

Although the vaccine maker previously cut expenses by $50 million without laying off staff, the measures were not enough to keep pace with the effects of the COVID-19 global health emergency. 

Exploring diversity, compensation among academic cardiothoracic surgeons

New research presented at the 103rd Annual Meeting of the American Association for Thoracic Surgery examined the lack of diversity seen in this important specialty. 

Around the web

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.

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. 

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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