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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Product Recall

FDA announces recall of multiple lots of Smiths Medical insulin syringes

This is a Class I recall, which means the issue could lead to serious injury or death.

June 21, 2021
Supreme Court

Healthcare groups praise Supreme Court’s decision to uphold ACA: ‘A victory for people with serious illnesses’

The American Heart Association was one of dozens of healthcare organizations that shared its support of the Supreme Court's 7-2 ruling. 

June 17, 2021
wallet purse broke bankrupt

More than half of all heart disease patients struggle financially while seeking treatment

In fact, financial distress appears to be more closely associated with heart disease than cancer. 

June 16, 2021
Doctor

A massive physician shortage is coming—and it could hit cardiology especially hard

By 2034, the United States is expected to be short somewhere between 37,000 and 124,000 physicians.

June 15, 2021

New legislation that would improve patient access to cardiac, pulmonary rehab programs introduced in Senate

The bill has received support from both parties. The American College of Cardiology and American Heart Association also hope to see it signed into law by President Joe Biden. 

June 14, 2021
The Anesthesia Patient Safety Foundation (APSF), a related organization of the American Society of Anesthesiologists (ASA), this week released a statement on the criminalization of medical errors. The APSF said criminal prosecution is unjust and counterproductive is healthcare organizations want to find ways to mitigate errors by understanding how they happen and create protocols or IT systems can can help prevent future errors. The criminal trial of nurse RaDonda Vaught was counterproductive to safety.

Interventional cardiologists back prior authorization bill, call current policies ‘costly' and ‘time consuming’

The Society for Cardiovascular Angiography and Interventions is the latest industry organization to show its support of the new legislation. 

May 28, 2021

New York cardiologist sentenced to 20 months in prison, fined $100K for elaborate fraud scheme

The cardiologist was also ordered to pay more than $500,000 in restitution, according to an official statement from the U.S. Attorney's Office. 

May 20, 2021
A book titled "Health Care Law" next to a gavel and a stethoscope

Virginia health system sues competitor for $20M for allegedly blocking expansion, hiring away cardiologists

The issues between these two systems appears to go back several years. 

May 19, 2021
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Around the web

Health Imaging
New imaging protocols proposed to curb rise of cardiovascular infections

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

Radiology Business
What does radiology have to do with climate change?

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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