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.

Revenue up, profits down in Boston Scientific’s 3Q

Boston Scientific has reported a loss of 15 cents per share in the third quarter of 2015, for a total loss of $198 million. However, the company had a 9 percent increase in operational revenue on a constant currency basis.

October 28, 2015

Endologix and TriVascular Technologies agree to merge

Endologix and TriVascular Technologies announced on Oct. 26 that they had signed a definitive merger agreement in a stock and cash deal. The transaction is valued at approximately $211 million based on the closing prices on Oct. 23 of $9.10 per TriVascular share and $13.81 per Endologix share, according to a news release.

October 27, 2015

Edwards Lifesciences appoints Martha H. Marsh to board of directors

Edwards Lifesciences appointed longtime healthcare executive Martha H. Marsh to its board of directors on Oct. 23, according to a company news release.

October 23, 2015

Medtronic CEO focuses on value-based health care, innovation and emerging markets

Since taking over as Medtronic’s CEO, Omar Ishrak has focused on three goals: improving innovation, expanding into emerging markets and becoming a leader in value-based health care, according to a Barron’s article. A Jefferies analyst called Medtronic’s acquisition of Covidien earlier this year a “bold move” and said “Ishrak changed the ethos of the company.”

October 20, 2015

Boston Scientific provides funding for MValve Technologies

Boston Scientific announced on Oct. 8 that it had provided additional financing for MValve Technologies, a company that is developing a percutaneous mitral valve replacement system. Boston Scientific said it has an exclusive option to acquire MValve Technologies, a privately held corporation founded in 2011 with operations in San Diego and Herezeliya, Israel.

October 9, 2015

St. Jude Medical completes Thoratec acquisition to expand its heart failure portfolio

St. Jude Medical completed its acquisition of Thoratec on Oct. 8, expanding its heart failure business and adding products such as the HeartMate II left ventricular assist device.

October 9, 2015
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Express Scripts plans to cover PCSK9 inhibitors on its national formulary

Express Scripts announced it would include the two recently FDA-approved proprotein convertase subtilisin kexin type 9 (PCSK9) inhibitors on its national preferred formulary, which covers approximately 25 million people in the U.S.

October 7, 2015
Tim Casey

Panel set to discuss cost-effectiveness of two heart failure treatments

On Oct. 29 in Oakland, members of the California Technology Assessment Forum (CTAF) are expected to discuss and debate a report on the cost effectiveness of two recently FDA-approved heart failure treatments.

October 7, 2015

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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