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.

AI healthcare doctor surgery procedure artificial intelligence

Private equity-backed cardiology practice adding new in-house smart lab powered by AI

Clinlab.AI will oversee every aspect of this new-look laboratory, working to integrate it with the practice's workflows in a way that boosts patient care and speeds up treatment decisions.

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Report: GOP looking to cut healthcare to offset $200B Iran war spending

Republicans are said to be considering cuts to cost-sharing programs through the Affordable Care Act as a means to save money and fund the U.S. Department of War, which is looking for $200 billion to cover not only the conflict in Iran but also domestic immigration enforcement.

Whoop, a Boston-based wearable technologies company, has raised $575 million in new financing at a $10.1 billion valuation. Investors include Abbott, Mayo Clinic, LeBron James and Cristiano Ronaldo.

Whoop raises $575M—Abbott, LeBron James, Cristiano Ronaldo among the investors

Whoop, a Boston-based wearable technologies company, raised the new funding on a $10.1 billion evaluation.

REVENUE MONEY INCREASE DOLLAR GRAPH FINANCE

Interventional radiologists lack knowledge about supply costs, survey says

These charges account for a significant portion of IR expenditures, but many providers indicate they have never had formal training in charge awareness.

Statue of Liberty New York City healthcare

DOJ accuses New York health system of engaging in anticompetitive business practices

In a complaint filed in federal court, the U.S. Department of Justice claims NewYork-Presbyterian Hospital uses its power of “scale, breadth and configuration” to control payer contracts, making it difficult for insurers to develop low-cost plans. The health system denies any wrongdoing.

doctor comparing the costs of different medical treatments

Helium prices spike as war rages on—should MRI providers be worried?

The ramifications of the conflict in the Middle East may soon extend beyond the gas pump and into the healthcare sector, experts are cautioning. 

Ransomware attack on UMMC causes 20% drop in revenue due to delayed patient care

The report on the financials comes from Mississippi Today. University of Mississippi Medical Center said it’s still processing paper backups and has extended clinic hours to address the backlog of elective surgeries and bring revenue back up to expectations. The attack happened in February and caused non-emergency operations at the health system to shut down for nine days. 

consoling crying patient

6 things Medicaid stakeholders can remind the world to always do with healthcare AI

U.S. healthcare will know it’s gotten AI right when the technology demonstrably improves care access, attentiveness and outcomes for the least financially healthy among us.