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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DOJ targets COVID-related healthcare fraud

One official described it as the 'largest-ever coordinated law enforcement action' of its kind.

layoffs staff cuts termination workforce

Medtronic laying off undisclosed number of employees to reduce costs

“These decisions are never easy, and we’re taking great care to treat all impacted employees with dignity and respect," the company told Cardiovascular Business in a statement.

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Hospital CEO exits on the rise again

“Companies are undergoing a significant amount of change as they respond to economic challenges, higher costs and talent management issues,” says Andrew Challenger, SVP of Challenger, Gray & Christmas.

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Poverty is a leading cause of death

Poverty was associated with 183,000 deaths in the United States in 2019 among people 15 years and older, according to a recent study published in JAMA. 

Merck to acquire Prometheus Biosciences for $10.8B

The acquisition is one of 2023's biggest healthcare deals so far.

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Cano Health separates leadership roles following board member exits

The news comes just days after three former board members penned an open letter to all Cano Health shareholders discussing their concerns about the company.

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Outcome Health execs convicted in $1B fraud scheme

Three former executives from Outcome Health, a health technology startup company based in Chicago, have been convicted by a jury in a fraud scheme amounting to approximately $1 billion.

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Movers & Shakers: CEO changes at Johns Hopkins/UMMS, Central Health

Welcome to Movers & Shakers, a roundup of the latest executive movement in the healthcare industry, featuring two CEO moves at Mt. Washington Pediatric Hospital and Central Health.

 

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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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