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.

layoffs staff cuts termination workforce

Verily lays off 15% of workers months after raising $1B

Verily, the life sciences subsidiary of Google parent company Alphabet, is laying off 15% of its workforce just months after raising $1 billion in a funding round.

The 120,000-square-foot advanced outpatient care center on the 4800 block of South Cottage Grove Avenue is expected to serve more than 50,000 patients annually from Bronzeville and nearby communities. Northwestern also wants to try and staff the majority of the clinic with clinicians who are Black to better reflect the community they will be serving. Construction could begin in summer 2023, with a scheduled opening in summer of 2025.

VIDEO: Northwestern plans to open Chicago South Side clinic to address healthcare access

Northwestern's Clyde Yancy, MD, discusses how his health system is addressing health access equity issues with plans to open a new outpatient clinic on the historically Black Chicago South Side.

Thumbnail

Plans for another nuclear facility that can produce medical isotopes in the works

Many of the facilities that produce these critical isotopes are aging, which is a big cause for concern in the future among experts in the field, many of whom believe that the supply chain for radioisotopes is already fragile.

Mo-99 supplier reaches ‘major milestone’ in non-uranium-based production

Backed with financial support and technical prowess from the U.S. Department of Energy, NorthStar Medical Radioisotopes has shown it can produce, at scale, a critical nuclear imaging radiotracer without using highly enriched uranium.

Bernie Sanders slams Moderna for planned COVID-19 vaccine price hike

After Moderna leadership revealed plans to potentially quadruple the price of its COVID-19 vaccine, Sen. Bernie Sanders (D-VT) and others criticized the move.

healthcare value value-based care money dollar

HHS to release first wave of drugs up for price negotiations Sept. 1

HHS is moving forward with drug price negotiations afforded to CMS under the Inflation Reduction Act.

Ransomware attacks doubled in a five-year period

Healthcare organizations are under threat from a rapid increase in ransomware attacks, putting patient health information at risk.

How EHR 'choice architecture' for imaging could be wasting time and money

When choosing and implementing an electronic health record system, it is important to consider how the system’s architecture might affect providers’ decision-making.