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.

Cyber attacks contribute to $6B in healthcare system costs

Computer hackers are increasingly targeting doctors and hospitals and are costing the U.S. healthcare system $6 billion. In 2014, 88.4 million people had their health records breached, nearly twice as many as in 2010.

May 19, 2015

Cardiac drug sales: Who’s on top & who’s slipping

AstraZeneca led the pack of pharmaceutical companies for revenue from cardiovascular drugs in 2014, according to a PMLive analysis. But of the top 10 companies, only Bayer and Takeda posted growth in sales that year. Here are figures for the leading companies.

May 14, 2015

Amarin sues FDA over off-label use discussions with physicians

Amarin Pharma sued the FDA on May 7 and declared it had the constitutional right to discuss off-label use of drugs with doctors, the New York Times reports.

May 8, 2015

Federal government spends more than $100B for Medicare Part D

In 2013, the federal government spent $103 billion on prescription drugs for Medicare beneficiaries, the New York Times reports.

May 1, 2015

Docs in a fix: Some will see Medicare fee cuts for a while

It turns out the Centers for Medicare & Medicaid Services (CMS) can’t turn itself on a dime, and as a result, some doctors will see reimbursement cut by 21.1 percent temporarily. The Senate’s 10 p.m. vote on April 15 to repeal the sustainable growth rate formula came too late for CMS to pull the switch on cuts fully, The Hill reported. CMS promised to reprocess Medicare claims for shortchanged physicians after it updates the system.

April 17, 2015
The U.S. Congress is working on healthcare legislation to fix medicare reimbursements and end annual cuts to physicians.

A prominent endorsement for ending SGR

The New York Times editorial writers favored swift passage of a bipartisan bill that fixes the sustainable growth rate (SGR) problem that has vexed doctors for years. They also chastised the Senate for postponing action until their return from recess on April 13, leaving “an irresponsible short time to consider such important legislation.”

April 6, 2015

PCSK9 brings exorbitant price, and perhaps cost-control consensus

The introduction of injectable PCSK9 enzyme inhibitors to manage cholesterol—and the sticker shock the drug’s price will bring to consumers—might be the impetus for the healthcare system to develop consensus about the pricing of specialty medications.

February 18, 2015

Budget tries to close gap in cardiology fees

The New York Times Upshot section considers “heart doctors as a great example” of the consequences of the shift from private to employed practice: higher fees because of Medicare’s funding system. The current budget proposal attempts to eliminate that gap, according to the article.

February 10, 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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