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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Pharmacist gets 5 years in prison for $180M insurance fraud scam

David “Jason” Rutland paid kickbacks to distributors for prescription referrals that were medically unnecessary and illegally billed insurers.

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70% of healthcare executives expect M&A activity to ramp up this year

Many see labor shortages, supply chain issues and inflation as only modest obstacles to more deals.

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Mark Cuban’s prescription drug company launches online pharmacy for affordable medications

The Mark Cuban Cost Plus Drug Company promises to bypass middlemen and "outrageous" markups for more than 100 medications.

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Insurers spent millions on ivermectin prescriptions for COVID-19, despite the drug being ineffective

Private and Medicare insurers spent nearly $2.5 million on the anti-parasite drug during a single week in August 2021, researchers reported in JAMA Network Open.

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R1 RCM agrees to purchase AI revenue cycle company Cloudmed in $4.1B deal

The acquisition includes $857 million of debt from private equity-backed Cloudmed, the organization's announced Monday, Jan. 10.

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Former Hollywood doctor found guilty in $355M medical billing scam

Julian Omidi directed employees to falsify sleep apnea studies that were needed for insurers to preapprove lap-band weight-loss surgeries, according to the Department of Justice.

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8 simple tips to help radiologists work smarter, not harder

While informatics and information technology tools are essential, individuals can take a number of steps to improve their day-to-day productivity.

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National healthcare spending jumped 9.7% last year, topping $4.1 trillion

Much of the hike was due to a quick upturn in government spending during the pandemic, including the $122B Provider Relief Fund and $53B Paycheck Protection Program.

Around the web

Compensation for heart specialists continues to climb. What does this say about cardiology as a whole? Could private equity's rising influence bring about change? We spoke to MedAxiom CEO Jerry Blackwell, MD, MBA, a veteran cardiologist himself, to learn more.

The American College of Cardiology has shared its perspective on new CMS payment policies, highlighting revenue concerns while providing key details for cardiologists and other cardiology professionals. 

As debate simmers over how best to regulate AI, experts continue to offer guidance on where to start, how to proceed and what to emphasize. A new resource models its recommendations on what its authors call the “SETO Loop.”