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 Corner: Payment Reform Key to Triple Aim of Healthcare

Paul N. Casale, MD, recommends that providers prepare for a new healthcare payment model in the U.S. that rewards value over volume.

Report: Pfizer may look to sell Lipitor over the counter

Pfizer is looking to introduce an over-the-counter version of its blockbuster cholesterol pill Lipitor (atorvastatin) that could be purchased without a doctors prescription, according to a report released today by the Wall Street Journal. The move could help the company retain revenues for the drug, after Lipitors patent is set to expire this November. Last year, the blockbuster's sales soared to $11 billion.

AHA: National CVD prevention programs could help save lives, money

Creating initiatives that enhance primordial and primary prevention strategies on a national level would help prevent cardiovascular disease (CVD) before it begins, according to an American Heart Association (AHA) policy statement published online July 25 in Circulation. While costs have often been a deterrent to implementing these types of programs, AHA said imparting community-based changes is a good long-term investment to improve the populations health.

As top drug patents expire, pharma revenues become dire

As top U.S. blockbuster drugs' patents begin expiring, healthcare may see a dip in bills through the purchase of cheaper, generic drugs. Pharmaceutical companies will undergo tough times when patent expiries occur for big brand name drugs like Plavix (clopidogrel) and Lipitor (atorvastatin), and patents on branded drugs valued at $133 billion expire within the next six years, according to EvaluatePharma, a London-based research firm.

Healthcare Reform: Will You Survive the Cut(s)?

By 2015, 30 to 50 percent of hospitals will face extreme budget shortfalls and have limited access to capital. Cardiology already has endured multiple cuts, including a 36 percent slash in SPECT imaging reimbursement for independent cardiovascular practices, which have forced many private practices to merge with hospitals, creating strain and resistance. Meanwhile, hospitals will need to restructure payment models and care delivery to survive (and possibly thrive) in this increasingly challenging landscape.

Survival of the Leanest

As Medicare and third-party payor reimbursement are likely to continue to declineespecially with value-based purchasing slated to begin in 2013 under healthcare reformhospitals will need to become more financially accountable, as well as take responsibility for patient satisfaction and quality.

Cardiac Societies Scrutinized for Industry Conflicts: Fair?

Thomas M. Tu, MD, an interventional cardiologist, and John M. Mandrola, MD, an electrophysiologist with Baptist Medical Associates in Louisville, Ky., discuss the complex relationships that medical societies and physician specialists form with the cardiac device and pharmaceutical manufacturers that provide the products to support their specialties.

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The ACC Corner: Team-based Care Silver Lining of Healthcare Reform

U.S. healthcare is undergoing massive changes. While its often easy to focus on the negative side-effects of this transformation, healthcare professionals should not lose sight of its many opportunities. One of the biggest opportunities, particularly for cardiology, is a movement towards team-based care, which involves using non-physician practitioners and clinical staff to participate in the decision-making, coordination of care and shared responsibility for quality.

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.