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.

Brouhaha over federal funding for medical training

A report from the Institute of Medicine that recommended redistributing funding for medical graduate education drew the ire of some professional societies and associations in a story by NPR.

August 1, 2014

How reducing physician pay ultimately bloats costs

“There is no more wasteful entity in medicine than a rushed doctor,” writes cardiologist Sandeep Jauhur, MD, in an opinion piece in the New York Times. Jauhur, director of the heart failure program at the North Shore-Long Island Health System in New York, explains how cutting physician pay leads to more downstream costs.

July 21, 2014

Study results show significant overall cost savings with St. Jude Medical Quadripolar System

St. Jude Medical, Inc. (NYSE:STJ), a global medical device company, today announced that data presented during Heart Rhythm 2014, the Heart Rhythm Society’s Annual Scientific Sessions, found that the use of quadripolar leads reduced the number of hospitalizations by 53 percent when compared to the non-quadripolar group. This hospitalization rate reduction translated into a statistically significant 62 percent reduction in overall costs for both health care systems and patients.

May 12, 2014

Accreditation for Cardiovascular Excellence (ACE) speaker Sheree Schroeder presents: A team based approach for billing

ACE is proud to be invited as a guest speaker at the 10th annual Complex Cardiovascular Catheter Therapeutics: Advanced Endovascular and Coronary Intervention Global Summit (C3), taking place June 23-27, 2014 at the Hilton Bonnet Creek, Orlando, Florida. Sheree Schroeder, MSN, RN, RDCS, FASE,  ACE's Director of Quality Review Services , will be speaking on the topic "No Margin, No Mission" A Team Based Approach for Billing.

May 2, 2014

Hackers & healers: Doctors victims of tax fraud

The blog KrebsonSecurity reported that physicians may be the target of tax fraud cases. Physicians in several states have notified their state medical societies that their tax returns were hijacked, prompting concerns that a national database may have been breached.

April 24, 2014

Payments and politics

An ophthalmologist and cardiologist who emerged as the top receivers of Medicare payments made substantial donations to political efforts, the New York Times reported. “[T]hey have turned to the political system in recent years to defend themselves against suspicions that they may have submitted fraudulent or excessive charges to the federal government.”

April 10, 2014

2014 health to-do list: See cardiologist

What is the first thing one newly enrolled customer did after her insurance coverage took effect? She set up an appointment with a cardiologist. The New York Times offers a glimpse of how hospitals have prepared for an influx of new patients under the Affordable Care Act.

January 2, 2014

New center to deliver research-based solutions to rising health care costs

In response to rising national health care costs, the Indiana University School of Medicine and Indiana Clinical and Translational Sciences Institute have launched a new center to increase efficacy and reduce costs at four major health care providers across Indiana.

November 14, 2013

Around the web

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

Kate Hanneman, MD, explains why many vendors and hospitals want to lower radiology's impact on the environment. "Taking steps to reduce the carbon footprint in healthcare isn’t just an opportunity," she said. "It’s also a responsibility."

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