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.

Cardiologist found guilty of billing insurers $13M for needless angina treatments

An eight-day trial and two-hour jury deliberation has culminated in the conviction of Pennsylvania cardiologist Samirkumar J. Shah, who on June 14 was found guilty of two counts of healthcare fraud for falsely billing insurers for unnecessary angina treatments.

June 17, 2019
Stocks

Eli Lilly stocks down, Novo Nordisk stocks up after REWIND data goes public

Eli Lilly stocks are down 1.4% in premarket trading this week after the company announced the results of its long-awaited REWIND study, Barron’s reported.

June 11, 2019

ACC, Veradigm partner to create largest ambulatory chronic disease network in the US

The American College of Cardiology is partnering with Chicago-based company Veradigm to assemble the largest-ever ambulatory chronic disease network in the U.S., comprising more than 250,000 clinicians and 100 million patients.

June 11, 2019
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Latest analysis of evolocumab suggests the drug is—finally—affordable

An updated cost-effectiveness analysis of evolocumab suggests that while treatment with the PCSK9 inhibitor may always be somewhat costly, it remains effective in hard-to-treat patients and its reduced list price meets cost-effectiveness thresholds across a range of CV events in patients with very-high-risk atherosclerotic CVD.

June 6, 2019

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

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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