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.

Physician practices suffered at the start of the pandemic

Physician spending fell 57% below pre-pandemic levels in April 2020, according to a new report from the American Medical Association that reveals changes in the Medicare program during the first six months of 2020.

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3 ways to improve healthcare administration and lower costs

Cutting down on administrative costs in the U.S. healthcare industry has become a major focus over the last several years, with billions of dollars in savings to be had from automation and centralizing claims records.

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Working group debuts standard for AI in healthcare trustworthiness

Several issues with AI can “make people suspicious” of the technology when applied to healthcare, according to the Consumer Technology Association.

 

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Hospitals face long recovery from COVID-19 financial hits

Hospitals and health systems are facing an uphill battle for the foreseeable future when it comes to getting their finances back on track from the COVID-19 pandemic, according to new findings from Kaufman Hall. 

 

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Oscar Health to launch IPO

Oscar Health, the technology-based health insurer co-founded by Josh Kushner, is preparing to launch an initial public offering.

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IBM floats the shopping around of Watson Health

International Business Machines Corp. is looking into dealing its AI-pioneering Watson Health unit so the parent can move more nimbly into cloud computing, the Wall Street Journal is reporting.

AI-powered voice screening for COVID earns CE mark

An Israeli AI startup has been cleared to market COVID-detecting voice analysis software in Europe, according to No Camels.

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Healthcare M&A drops in 2020

Healthcare mergers and acquisition activity fell 13% in 2020, reflecting a significantly subdued economy due to the Covid-19 pandemic.

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.”