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.

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Amazon exec: Use AI ethically

Taha Kass-Hout, senior leader of healthcare and AI at Amazon, recently noted the technology and e-commerce giant sees potential in developing healthcare-related AI tools. In an interview with STAT, Kass-Hout didn't divulge many secrets about Amazon's activities with AI, but did talk about certain areas of focus, noting researchers have uncovered “tangible uses of AI."

Cardiovascular surgeons, invasive cardiologists are top revenue-generators for hospitals

The average cardiovascular surgeon drives nearly $3.7 million in net revenue each year for a hospital system, the most among 18 physician specialties included in a survey of hospital chief financial officers. Invasive cardiologists weren’t far behind, ranking No. 2 at almost $3.5 million per year.

Long travel, wait times in healthcare represent annual opportunity cost of $89B

Travel and wait times associated with receiving healthcare services are higher than in any other service category, according to a new report from Altarum.

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Updated guidelines released for safe anesthesia use in MR units

The Association of Anaesthetists released updated 2019 guidelines on safely administering anesthesia in MR units. The new guidelines were published in the U.K journal Anaesthesia and include 11 recommendations.

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Senators question drugmakers over rising insulin prices

Two U.S. senators launched a bipartisan investigation into rising insulin prices on Feb. 22, sending letters to the drug's top three manufacturers seeking information about why costs have risen so sharply in recent years.

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Quality of CAD care higher for Medicare Advantage patients

Patients with coronary artery disease (CAD) enrolled in private insurance plans through Medicare Advantage (MA) are more likely to receive guideline-recommended medications for secondary prevention than those in fee-for-service Medicare, according to a new analysis in JAMA Cardiology. But that wasn't tied to improvements in blood pressure or cholesterol levels.

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Radiology group unveils draft of AI guidelines for healthcare

The Royal Australia and New Zealand College of Radiologists (RANZCR) recently unveiled a draft of ethical guidelines for the emerging use of machine learning and AI in medicine.

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Humana CMO: AI can revolutionize patient care

As the healthcare industry continues to embrace AI and unlock its potential, Humana Chief Medical Officer Roy Beveridge, MD, believes the technology will transform patient care.