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.

Trouble at UNC: State launches investigation into pediatric heart surgery program

Prompted by a New York Times deep-dive into elevated death rates at North Carolina Children’s Hospital, North Carolina’s secretary of health on May 31 called for an investigation into the hospital’s pediatric heart surgery unit.

June 3, 2019
A cardiology practice in Florida and several of its cardiologists have agreed to pay $2 million to resolve allegations that they violated the False Claims Act and committed fraud. As a part of the agreement, there has been no determination of liability.

Cardiologist agrees to $5.8M settlement for implanting dozens of unnecessary stents

A seven-years long whistleblower lawsuit against Kansas cardiologist Joseph Galichia ended May 30 with a $5.8 million settlement, the Wichita Eagle reported.

May 31, 2019

AFib market expected to reach $14.7B by 2026

The atrial fibrillation market is projected to reach $14.68 billion by 2026, according to recent estimates from market research company Reports and Data.

May 29, 2019
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Immigrant with heart failure, CAD deported without adequate access to healthcare

An undocumented immigrant living in Brooklyn, N.Y., was deported to his home country last Wednesday after ICE officials ignored attorneys’ requests to keep him in the U.S. for much-needed medical treatment, WNYC reported.

May 28, 2019

ACC names 1st-ever director of diversity and inclusion

Ranna Parekh, MD, MPH, has been named by the American College of Cardiology as its first director of diversity and inclusion, according to a statement issued by the College May 23.

May 24, 2019

Andrea Russo inducted as HRS president

Cardiologist Andrea M. Russo, MD, took the reins of the Heart Rhythm Society as president this month after an induction ceremony at the organization’s annual meeting in San Francisco.

May 23, 2019
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Federal judge: Illegal actions by FDA fueled e-cig epidemic

A federal judge on May 15 ruled the FDA acted illegally more than a year and a half ago when it allowed e-cigarette products geared toward kids and teens to remain on the market prior to and during the agency’s approval process.

May 16, 2019

New rule allows physicians to refuse care on grounds of religious, moral beliefs

A new rule issued by HHS under the Trump administration allows physicians, hospitals and insurers to refuse care to certain patients on grounds of religious beliefs—something a New York Times columnist says could lead to “chaos in healthcare."

May 15, 2019

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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