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.

doctor in handcuffs after being arrested

Cardiologist charged with fraud for allegedly altering patient records, billing for unnecessary procedures

The doctor allegedly targeted some patients more than ten times, treating them again and again with procedures that were not medically necessary. 

December 15, 2023
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Medical malpractice ruling: Hospital to pay $39M over young heart patient’s death

Prosecutors successfully argued that the patient would not have died if clinicians had ordered a routine CT exam. 

December 13, 2023
A gavel and a stethoscope

Nevada health system accused of creating a heart surgery monopoly in new lawsuit

The health system allegedly ended an ongoing contract with little notice, leaving clinicians and patients without the services of a cardiovascular surgery program. 

December 12, 2023

New imaging vendor focused on AI, robotics raises $36M with help from GE Healthcare

The funds are expected to go toward bringing in new employees and accelerating the development of a new cardiac imaging offering. 

December 12, 2023
business launch

Venture capital firm raises $90M, launches new AFib ablation company

According to Ajax Health CEO and industry veteran Duke Rohlen, the new company will be focused on offerings that "prioritize precision, simplicity and efficiency."

December 8, 2023
Former managers of a Tampa Florida-based radiology company Advanced Diagnostic Group (ADG) and its employee stock ownership plan (ESOP) retirement benefit manager GreatBanc Trust Co. will pay $19 million to settle a class action lawsuit. The suit alleges they allowed the ESOP’s value to be diverted to managers, directors and their shell companies and away from employee participants. money gavel court lawsuit legal judge judgement

Kentucky health system, cardiologist to pay $3M for alleged scheme targeting Medicare and Medicaid

The alleged scheme involved a series of diagnostic procedures that, according to the U.S. government, were not medically necessary. 

December 7, 2023
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Medtronic backs out of $738M acquisition due to ‘multiple breaches’

Medtronic confirmed its decision in a statement, but did not provide any specific details. The deal was originally announced in May.

December 7, 2023
insurance

Cardiologists lead push for Aetna to reconsider ‘restrictive,’ ‘inconsistent’ reimbursement proposals

The policies cover a wide range of interventional therapies, including Shockwave Medical's IVL technology and intravascular ultrasound. 

December 6, 2023

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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