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.

Doc fix may meet its mandate, circuitously

While the perpetual patching of the sustainable growth rate formula remains a thorn in physicians’ side, the Upshot section of the New York Times argues it has forced lawmakers to look for savings within the Medicare budget. That maneuvering has helped keep costs down, which was the intention of the flawed legislation. 

February 5, 2015

Probe puts billing for peripherals under microscope

Peripheral interventions by the cardiologist who captured headlines for billing Medicare $18 million are now under scrutiny, which prompted the New York Times to investigate the upsurge in peripheral stenting.

January 30, 2015

Cardiovascular drugs rise near top in Open Payments

Drug makers Bristol-Myers Squibb and Pfizer spent almost $8 million to promote the novel oral anticoagulant Eliquis to physicians, according to an analysis by ProPublica of the Open Payments database. Eliquis, or apixaban, was the second highest drug on the spending list, with AstraZeneca’s Brilinta (ticagrelor) placing third.

January 8, 2015

Real-world data presented at the American Heart Association (AHA) Scientific Sessions underscore hospitalization and outpatient cost-savings for XARELTO compared to standard of care

New data presented today at the American Heart Association (AHA) 2014 Scientific Sessions showed once-daily XARELTO® (rivaroxaban) is associated with significantly fewer hospitalization days and outpatient visits compared to warfarin in patients with non-valvular atrial fibrillation (NVAF). Corresponding hospitalization and outpatient healthcare costs were also significantly lower for XARELTO® compared to warfarin in NVAF patients, according to longitudinal, real-world findings from this observational study.

November 19, 2014

Open Payments’ open season

A New York Times dive into the Open Payments database looked at the 130 physicians who earned more than $100,000 in industry payments. Cardiologists and plastic surgeons appear prominently in the article. Some doctors countered that they make less speaking and consulting than if they stayed in the clinic treating patients.

October 3, 2014

Brouhaha over federal funding for medical training

A report from the Institute of Medicine that recommended redistributing funding for medical graduate education drew the ire of some professional societies and associations in a story by NPR.

August 1, 2014

How reducing physician pay ultimately bloats costs

“There is no more wasteful entity in medicine than a rushed doctor,” writes cardiologist Sandeep Jauhur, MD, in an opinion piece in the New York Times. Jauhur, director of the heart failure program at the North Shore-Long Island Health System in New York, explains how cutting physician pay leads to more downstream costs.

July 21, 2014

Study results show significant overall cost savings with St. Jude Medical Quadripolar System

St. Jude Medical, Inc. (NYSE:STJ), a global medical device company, today announced that data presented during Heart Rhythm 2014, the Heart Rhythm Society’s Annual Scientific Sessions, found that the use of quadripolar leads reduced the number of hospitalizations by 53 percent when compared to the non-quadripolar group. This hospitalization rate reduction translated into a statistically significant 62 percent reduction in overall costs for both health care systems and patients.

May 12, 2014

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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