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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Florida cardiology practice, 10 cardiologists pay $2M to settle fraud allegations

The practice and many of its cardiologists allegedly submitted false claims to Medicare, Medicaid, TRICARE and the Federal Employee Health Benefits Program. 

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Cardiovascular Associates of America welcomes Florida practice to its growing network

The private equity-backed organization now has eight partner practices in its network. 

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Globus Medical to acquire NuVasive for $3.1B

"This transaction reflects our mission to become the leading musculoskeletal technology company in the world by developing products that promote healing in patients with musculoskeletal disorders," said Dan Scavilla, president and CEO of Globus Medical.

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A busy week for cardiology investments: 3 tech companies report big financing rounds

It’s not even Valentine’s Day yet, but February has already been a big month for fundraising in the cardiology space.

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2022 was a big year for private equity funds in healthcare

In fact, 2022 was “easily” the second-best year for private equity healthcare services dealmaking, behind 2021.

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CMS proposes 2.1% payment increase for MA plans in 2024

The plan, if finalized, increases payments for MA plans by 2.09%, or 1.03% after adjusting for star rating changes.

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New rule aims to claw back overcharges from MA plans

The move could reclaim overpayments of an estimated $479 million from 2018 and $4.7 billion over 10 years.

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Philips announces 6,000 job cuts

Philips plans to cut 6,000 jobs by 2025, including 3,000 in 2023. 

 

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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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