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News You Need to Know Today
Economics Highlights: Compensation keeps climbing | Shockwave Medical acquisition rumors
Thursday, June 1, 2023
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Editor's Choice: Economics

Salary update: Cardiologist compensation climbs to $507K per year, though many feel it is too low

Cardiology came in at No. 3 among all healthcare specialties, trailing only plastic surgery ($619,000) and orthopedics ($573,000).

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Among general cardiologists, for example, median compensation jumped nearly 8% from 2023 to 2024. Interventional cardiology and electrophysiology saw even larger jumps. Dollar money graphic showing increased finance.
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Salary update: Cardiologist compensation climbs to $507K per year, though many feel it is too low

Share on Twitter Share on Facebook Share on Linkedin
Among general cardiologists, for example, median compensation jumped nearly 8% from 2023 to 2024. Interventional cardiology and electrophysiology saw even larger jumps. Dollar money graphic showing increased finance.
Cardiology came in at No. 3 among all healthcare specialties, trailing only plastic surgery ($619,000) and orthopedics ($573,000).
READ MORE >

Report: Medtronic, Johnson & Johnson consider Shockwave Medical acquisition after Boston Scientific talks stall

Shockwave Medical has already had a busy, successful 2023—what could be next for the IVL specialists?

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Healthcare M&A, mergers and acquisitions business deal.
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Report: Medtronic, Johnson & Johnson consider Shockwave Medical acquisition after Boston Scientific talks stall

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Healthcare M&A, mergers and acquisitions business deal.
Shockwave Medical has already had a busy, successful 2023—what could be next for the IVL specialists?
READ MORE >

Medical device company raises $55M for new percutaneous heart pump

The device, described as the "world's smallest heart pump," has received the FDA's breakthrough device designation for two indications. 

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Magenta Medical Elevate Heart Pump
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Medical device company raises $55M for new percutaneous heart pump

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Magenta Medical Elevate Heart Pump
The device, described as the "world's smallest heart pump," has received the FDA's breakthrough device designation for two indications. 
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Avertix Medical, known for its implantable heart attack detection devices, to go public with initial value of $195M

The healthcare technology company, previously known as Angel Medical Systems, is merging with BIOS Acquisition Corporation to form a new publicly traded company.

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stock market
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Avertix Medical, known for its implantable heart attack detection devices, to go public with initial value of $195M

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stock market
The healthcare technology company, previously known as Angel Medical Systems, is merging with BIOS Acquisition Corporation to form a new publicly traded company.
READ MORE >

Private equity-backed cardiology group expands Texas footprint with new partnership

US Heart and Vascular has been busy in 2023, announcing deals with a new investment firm and multiple cardiology practices in the last two months alone.

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Business Handshake
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Private equity-backed cardiology group expands Texas footprint with new partnership

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Business Handshake
US Heart and Vascular has been busy in 2023, announcing deals with a new investment firm and multiple cardiology practices in the last two months alone.
READ MORE >

Medtronic acquires insulin patch manufacturer for $738M

The deal represents a significant step forward for Medtronic's diabetes portfolio.

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Business newspaper
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Medtronic acquires insulin patch manufacturer for $738M

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Business newspaper
The deal represents a significant step forward for Medtronic's diabetes portfolio.
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Shockwave Medical announces huge Q1 growth, including skyrocketing revenue, amid Boston Scientific rumors

The company reported a Q1 revenue of $161.1 million, up 72% from Q1 in 2022. Both gross profit and net income were also up considerably when compared to 2022. 

READ MORE >
Among general cardiologists, for example, median compensation jumped nearly 8% from 2023 to 2024. Interventional cardiology and electrophysiology saw even larger jumps. Dollar money graphic showing increased finance.
Share on Twitter Share on Facebook Share on Linkedin

Shockwave Medical announces huge Q1 growth, including skyrocketing revenue, amid Boston Scientific rumors

Share on Twitter Share on Facebook Share on Linkedin
Among general cardiologists, for example, median compensation jumped nearly 8% from 2023 to 2024. Interventional cardiology and electrophysiology saw even larger jumps. Dollar money graphic showing increased finance.
The company reported a Q1 revenue of $161.1 million, up 72% from Q1 in 2022. Both gross profit and net income were also up considerably when compared to 2022. 
READ MORE >

Researchers question FFR-CT’s value compared to other cardiac imaging options

FFR-CT has grown in popularity due its ability to provide noninvasive evaluations of patients being considered for revascularization procedures. According to a new study in JACC: Cardiovascular Imaging, however, stress imaging strategies may still provide more value in certain scenarios. 

READ MORE >
An example of HeartFlow's FFR-CT technology, which takes the cardiac CT dataset and uses computational fluid dynamics to create virtual fraction flow reserve values. The FFR measurement can help determine if a coronary lesion is significant enough to require revascularization, or if the patient should be treated with medication. FFR-CT was included as a recommendation in select patients in the 2021 Chest Pain Guidelines.
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Researchers question FFR-CT’s value compared to other cardiac imaging options

Share on Twitter Share on Facebook Share on Linkedin
An example of HeartFlow's FFR-CT technology, which takes the cardiac CT dataset and uses computational fluid dynamics to create virtual fraction flow reserve values. The FFR measurement can help determine if a coronary lesion is significant enough to require revascularization, or if the patient should be treated with medication. FFR-CT was included as a recommendation in select patients in the 2021 Chest Pain Guidelines.
FFR-CT has grown in popularity due its ability to provide noninvasive evaluations of patients being considered for revascularization procedures. According to a new study in JACC: Cardiovascular Imaging, however, stress imaging strategies may still provide more value in certain scenarios. 
READ MORE >

Fewer stress tests, more high-risk procedures: How working at a hospital influences cardiologists

Cardiologists employed by a hospital appear to be more likely to pursue cardiac catheterization or angioplasty than independent cardiologists.

READ MORE >
Cardiologists employed by a hospital appear to be more likely to pursue cardiac catheterization or angioplasty than independent cardiologists. female physician male
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Fewer stress tests, more high-risk procedures: How working at a hospital influences cardiologists

Share on Twitter Share on Facebook Share on Linkedin
Cardiologists employed by a hospital appear to be more likely to pursue cardiac catheterization or angioplasty than independent cardiologists. female physician male
Cardiologists employed by a hospital appear to be more likely to pursue cardiac catheterization or angioplasty than independent cardiologists.
READ MORE >

Exploring diversity, compensation among academic cardiothoracic surgeons

New research presented at the 103rd Annual Meeting of the American Association for Thoracic Surgery examined the lack of diversity seen in this important specialty. 

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New research presented at the 103rd Annual Meeting of the American Association for Thoracic Surgery examined the lack of diversity seen among this important specialty. 
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Exploring diversity, compensation among academic cardiothoracic surgeons

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New research presented at the 103rd Annual Meeting of the American Association for Thoracic Surgery examined the lack of diversity seen among this important specialty. 
New research presented at the 103rd Annual Meeting of the American Association for Thoracic Surgery examined the lack of diversity seen in this important specialty. 
READ MORE >

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