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.

ACC: No healthcare bill better than Senate options

On the afternoon of July 25, Republicans in the U.S. Senate opened debate on repealing and replacing the Affordable Care Act (ACA), with 50 senators voting in favor of what’s called a motion to proceed, or MTP, opening the door to the chamber offering numerous amendments to craft some sort of repeal bill.

Illinois hospital’s cardiology loss continues to hurt bottom line

Memorial Medical Center in Springfield, Illinois, has lost about $1 million per month in profits from cardiology-related care since cardiologists stopped practicing in March, reports The State Journal-Register.

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Pay day? Cardiologists report 0.5% raise in 2017

Cardiologists saw a slight bump in compensation in 2017 compared to last year, with an average increase of 0.5 percent increase, according to the American Medical Group Association’s (AMGA) annual medical group compensation and productivity survey. This is on the heels of a 6.9 percent increase from 2015 to 2016.

iRhythm Technologies Names UC Berkeley Faculty Member Bruce G. Bodaken and Duke University Chancellor Emeritus Ralph Snyderman, M.D. to its Board of Directors

SAN FRANCISCO, July 19, 2017 (GLOBE NEWSWIRE) -- iRhythm Technologies, Inc. (NASDAQ:IRTC), a leading digital health care solutions company focused on the advancement of cardiac care, announced today the appointment of Bruce G. Bodaken, member of the faculty at University of California, Berkeley in the Division of Health Policy Management, and Ralph Snyderman, M.D., Chancellor Emeritus and James B. Duke Professor of Medicine at Duke University to its Board of Directors.

Philips to acquire German imaging software company TomTec

Royal Philips has reached an agreement to buy TomTec, a producer of image analysis software based in Germany, for an undisclosed sum. The deal was announced July 18.

NIH awards $1.6 million grant to cardiovascular training program in Milwaukee

The National Institutes of Health’s Heart, Lung and Blood Institute has awarded $1.6 million to the Medical College of Wisconsin’s Cardiovascular Center in Milwaukee.

NIH allocates little funding to cardiac arrest compared to other conditions

In a new analysis of the National Institutes of Health (NIH) funding, data shows that cardiac arrest receives just a fraction of the organization’s monetary support even though it’s the leading cause of death in the U.S.

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Preventive behavioral counseling could trim costs, waste over time

A new report from the U.S. Preventive Services Task Force (USPSTF) calls for primary care physicians to begin offering behavioral counseling on healthy lifestyles to patients with low cardiovascular disease risks. The method serves as a way to prevent the onset of the condition and reduce costs.

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.