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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Proposed Medicare Physician Fee Schedule includes payment cuts

The CMS proposal was met with immediate criticism from the American Medical Association. 

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California will make its own insulin to increase affordability

The plan will allow California to offer insulin at a cheaper price, “closer to cost,” Governor Gavin Newsom said in a video announcement on Twitter July 7.

 

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Job cuts on the rise among healthcare workers

The healthcare industry was among those with the most cuts across the entire economy.

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Francisco Partners completes $1B buyout of IBM Watson Health

Francisco Partners will keep the business as a standalone entity under the moniker Merative.

Patient data company PicnicHealth raises $60M

PicnicHealth plans to build 30 new patient-centered real-world data cohorts with the funding.

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Healthcare deals are down in 2022, but volume remains elevated

Healthcare deals have fallen during the first few months of 2022, but deal volume remains elevated from pre-pandemic levels.

The ASNC is one of several medical imaging societies asking Congress to repeal the appropriate use criteria (AUC) criteria mandate. They say it poses issues for clinicians and is becoming outdated by changes in CMS payment systems. The AUC requirements call for documentation using CVMS authorized software in order to show advanced imaging such as nuclear and CT is justified, or else Medicare payments might be withheld.

VIDEO: AMA will ask Congress to revise clinical decision support mandate for cardiac imaging

American Society of Nuclear Cardiology (ASNC) delegates to the American Medical Association (AMA) House of Delegates 2022 meeting Stephen Bloom, MD, and Nishant Shah, MD, explain a new AMA policy asking Congress to revise its clinician decision support mandate. 

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Mark Cuban’s generic drug prices could save Medicare $3.6B

Researchers from Brigham and Women's Hospital and Harvard Medical School compared 89 generic drugs sold by Mark Cuban Cost Plus Drug Company (MCCPDC) to what Medicare paid for the same drugs in 2020.

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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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