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.

Favorable cardiovascular modifiable risk factor may lower expenditures

The absence of atherosclerotic cardiovascular diseases (ASCVD) and a favorable cardiovascular modifiable risk factor (CRF) are associated with “significantly” lower costs among cancer patients, according to a study published May 1 in the Journal of the American Heart Association.

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STEMI patients receive faster care in states that allow direct EMS transport to specialized hospitals

New research suggests people exhibiting ST-segment elevation myocardial infarction (STEMI) receive life-saving treatment more quickly if they live in states that allow emergency medical services (EMS) to take patients straight to hospitals that offer specialized treatment, rather than those that do not.

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Endocarditis from drug use produces ‘substantial’ economic burden

A new study analyzed the “substantial” cost burden to state and federal healthcare programs from patients hospitalized with endocarditis because of drug abuse. Findings were presented April 26 at the Society for Cardiovascular Angiography and Interventions (SCAI) 2018 Scientific Sessions in San Diego.

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CMS proposal requires hospitals to post prices online

A new CMS proposal will require hospitals to post their standard prices for treatments online and aims to increase patient access to electronic health records.

Survey: Cardiologists’ pay increases, ranks No. 3 among specialties

Cardiologists earn an average of $423,000 annually, according to the 2018 Medscape Cardiologist Compensation Report, up from $410,000 in last year’s survey. That salary puts cardiology third among all specialties—behind only plastic surgery ($501,000) and orthopedics ($497,000).

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Compliance with FDA’s sodium goals could save $41B, prevent 450K cases of CVD

The FDA’s voluntary sodium reduction goals for packaged and processed foods could greatly reduce or delay deaths from cardiovascular disease (CVD) in the U.S. and are cost-saving even in pessimistic simulations, according to a study published online April 10 in PLOS Medicine.

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ACP provides steps to achieve gender equity in physician pay, career advancement

The American College of Physicians (ACP) published a position paper with recommendations for eliminating disparities between male and female physicians in terms of compensation and professional advancement.

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Researchers want bundled payments to ‘measure what matters to patients’

A group of researchers proposed overhauling the way CMS measures quality in bundled payment programs, citing a need to gauge what truly matters to patients.

Around the web

Ron Blankstein, MD, professor of radiology, Harvard Medical School, explains the use of artificial intelligence to detect heart disease in non-cardiac CT exams.

Eleven medical societies have signed on to a consensus statement aimed at standardizing imaging for suspected cardiovascular infections.