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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Jury awards ex-Cardiovascular Systems employee $25.1 million in whistleblower lawsuit

A jury in Los Angeles this week awarded former Cardiovascular Systems sales manager Steven Babyak more than $25 million in damages related to a whistleblower and wrongful termination lawsuit he filed against the company.

MyoKardia appoints physician, executive David Meeker to board of directors

MyoKardia named pharmaceutical executive and physician David Meeker, MD, to its board of directors on April 18.

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Adults with syncope may have increased risk of occupational accidents, job termination

Adults in Denmark who were diagnosed with a first-time syncope had a 1.4-fold higher risk of occupational accidents and a two-fold higher risk of getting terminated from their job within two years when compared to the general employed population, according to a nationwide cohort study.

Deerfield Management provides Endologix with up to $170 million in funding

Deerfield Management agreed to provide Endologix, Inc. with up to $170 million in funding, including a $120 million, six-year secured term loan and a $50 million, three-year secured asset-based revolving line of credit.

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FDA sends warning letter to Abbott regarding issues at California facility

The U.S. Food and Drug Administration (FDA) sent a warning letter to Abbott on April 12 alerting the company of violations at its manufacturing facility in Sylmar, California.

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Trends in U.S. malpractice claims significantly change from 1992 to 2014

Between 1992 and 2014, the rate of malpractice claims paid on behalf of U.S. physicians declined 55.7 percent, while the mean compensation payment increased 23.3 percent.

Charity gala in West Virginia raises more than $30,000 for cardiac care

A charity gala on April 8 raised more than $30,000 for local cardiac care services in West Virginia, The Parkersburg News and Sentinel reports.

Terumo Cardiovascular names Robert DeRyke as CEO, president

Terumo Cardiovascular Group in Ann Arbor, Michigan, promoted Robert DeRyke to become the company’s CEO and president.

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Around the web

Health Imaging
Use of AI opportunistic screening in CT for cardiovascular disease

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

Health Imaging
New imaging protocols proposed to curb rise of cardiovascular infections

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