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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This is going to hurt: $343 lipid tests and $2,924 MRIs

The price of a lipid panel can vary by as much as $328 in Dallas and by as little as $16 in Birmingham, Ala. An analysis by the health services company Castlight Health also found Fresno, Calif., to be a relative bargain for a head CT scan, a lower back MRI and a visit with a primary care physician.

CABG with diabetes carries heavy cost burden in China

The long-term cost of patients with diabetes who undergo CABG will add $84 million to the health system in China, according to a study that found China has the highest prevalence rate for diabetes mellitus in the world. The U.S. is not far behind, though.

Drop in volume puts drag on interventional device market

Declining coronary angioplasty volume in the U.S. and Canada will keep growth in the device market tepid, according to an analysis by MarketsandMarkets. The company projected the markets for interventional and peripheral vascular devices will inch up to about $6 billion by 2018.

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SMARTCare holds potential to save billions in heart care costs

An innovative program focused on outcomes in patients with stable ischemic heart disease could change the cost of healthcare. On May 22, the Center for Medicare and Medicaid Innovation granted $15.8 million to the SMARTCare pilot program, which is expected to save $42.2 million over the three-year pilot program across 10 participating sites.

Doctor data release: A small step forward amid missteps

The architects of the release of physician-specific Medicare payments and the president of the American College of Cardiology (ACC) agree on at least one point: Making the healthcare system’s costs more transparent is a good thing. But they part ways on the quality and usefulness of the data made public in April in two perspectives published online May 28 in the New England Journal of Medicine.

Swift treatment, less use of anesthesia lowers stroke cost

Hospitals can lower the cost of an initial acute stroke admission by shortening treatment times or reducing use of routine anesthesia in patients who receive medical or endovascular treatment, an analysis of the IMS III Trial found.

Afib hospitalizations, costs leap higher over decade

Hospitalization and costs for atrial fibrillation spiked between 2000 and 2010 in the U.S., particularly among octogenarians. The authors of the analysis published online May 19 in Circulation called the trends alarming.

Starting pay better in cardiology than in other fields

Starting salaries for cardiologists in 2013 exceeded the national median for specialty care physicians in the U.S., according to the Medical Group Management Association. Results from its annual salary survey hinted at a favorable market for early career physicians.

Around the web

Several key trends were evident at the Radiological Society of North America 2024 meeting, including new CT and MR technology and evolving adoption of artificial intelligence.

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