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.

Blood-testing company Theranos—once worth $9B—to dissolve

Theranos, the company that claimed it could test for a variety of medical conditions with a single drop of blood, is officially dissolving.

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California cardiologist sentenced to 3 years for sexually assaulting sedated patient

A cardiologist in Salinas, California, was sentenced to three years in prison this week after pleading guilty to claims he sexually assaulted a sedated patient after a cardiac catheterization procedure in 2016, the San Francisco Chronicle has reported.

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AHA president touts $2B NIH budget increase as ‘tremendous triumph’ for research

American Heart Association (AHA) president Ivor J. Benjamin, MD, is standing behind last week’s passage of Senate funding bill HR6157, calling the move “a tremendous triumph for the National Institutes of Health (NIH) and for every patient who will benefit from its research.”

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States that approved Medicaid expansion see fewer uninsured CVD hospitalizations

A JAMA analysis of more than three million non-Medicaid hospitalizations has found states that opted to expand Medicaid under the Affordable Care Act years ago are now seeing lower rates of uninsured hospitalizations for major heart events.

‘Doctors do just fine’: Critics respond to NYU’s free med school plan

“As I start rank ordering the various charities I want to give to, the people who can pay for medical school in cash aren’t at the top of my list,” Craig Garthwaite, PhD, a health economist at Northwestern University, told Kaiser Health News.

Study: Cost-effectiveness of cardiovascular drugs varies widely

The publicly available prices of 30 frequently prescribed cardiovascular drugs don’t necessarily correlate to clinical value, according to a new study. Some drugs were both cheaper and more effective than alternatives, while others were more expensive and associated with poorer outcomes.

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NYU to offer full-tuition scholarships to all medical students

New York University School of Medicine will cover tuition expenses for all new and current medical students, according to an Aug. 16 university release. The scholarship initiative, the first such program at a top-10 medical school, will cover $55,000 in costs for all students in the MD program.

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Hospitals—large and small—battle it out over TAVR

Transcatheter aortic valve replacement (TAVR) has provided relief to thousands of Americans who suffer from leaky heart valves and are too frail to undergo open-heart surgery. But policy and business considerations behind TAVR has large and small hospitals fighting over who will perform the procedures.

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.