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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Lawsuit: St. Jude waited years before recalling faulty defibrillators

A collection of third-party insurance payers has filed a class-action lawsuit seeking $9.9 million from St. Jude Medical and parent company Abbott Laboratories, claiming St. Jude knew about a battery defect in its cardiac defibrillators nearly five years before issuing a recall.

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Produce carts seeing increased health benefits for low-income customers

Researchers who surveilled of a handful of “Green Carts” in lower-income regions of New York are suggesting increased access to fresh produce—and the ability to pay for those fruits and vegetables with food stamps—could have a positive effect on overall health in disadvantaged areas.

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Discussing the underlying causes of overtreatment

Recent research from PLOS One estimates half of all stents could be unnecessary. No matter how aware and vigilant cardiologists—and, of course all physicians—are in the face of overtreatment, that single statistic is alarming.

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8 things to know about income, demographic trends for U.S. cardiologists

Income for American cardiologists continues to rise, with private physicians closing the gap on their integrated counterparts.

Lifesaving stroke drug more expensive for rural hospitals

The clot-busting stroke drug Activase, which costs $8,010 for a single dose at a rural hospital in Arkansas, is sold to a nearby regional hospital at an 80 percent discount.

Disadvantaged groups more likely to be recommended for statin use, less likely to afford it

Recent guidelines in the U.S. suggest cholesterol-lowering statins should be prescribed more widely to prevent heart disease and aid diabetics, but most people who are newly recommended for the medication can’t afford it.

Retired judge starts gift voucher program for kidneys

Howard Broadman understood his grandson, born with one partially functioning kidney, may eventually need a transplant. Broadman just didn’t know if he’d be alive, or healthy enough, to donate when the time came.

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CMS's proposed physician fee schedule stokes concern in interventional cardiologists

Due to a lack of data, CMS has proposed blending the non-surgical and surgical malpractice factors used in rate setting for cardiology procedures—a possibility met with alarm by interventional cardiologists, who perform riskier procedures and pay higher malpractice premiums than general or non-invasive cardiologists.

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.