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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‘Emotional AI’ helps plastic surgeons give service lines a facelift

Plastic surgeons can apply “emotional AI” algorithms to social media as a way of predicting which specific services will bring in business, according to a study running in the August edition of Plastic and Reconstructive Surgery.

Going up: ANSTO announces price increase for medical isotopes

The Australian Nuclear Science and Technology Organization (ANSTO) is raising its prices, according to a new report from The Australian.

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Patient deaths, battery failures push recall of Cardiosave intra-aortic balloon pumps

Maquet and Datascope issued a nationwide recall of 22,853 intra-aortic balloon pumps July 23 following reports of five patient deaths and numerous battery failures.

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Bill Nelligan, 27-year CEO of the ACC, dies at 92

The American College of Cardiology this week announced that William D. Nelligan, III, CAE, FACC, passed away July 23 in Rockville, Md. Nelligan was a longtime leader of the ACC and was affiliated with the College for nearly three decades.

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CKD patient slapped with $540K dialysis bill

A 50-year-old personal trainer and his wife, a physician in Plains, Mont., are struggling to afford a hospital bill totaling more than half a million dollars after insurance failed to help cover the man’s critical 14-week dialysis treatment, NBC News reports.

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VIDA Diagnostics, Iowa health system working together on AI solution

VIDA Diagnostics announced Thursday, July 25, that it has received an investment of $1 million and additional support from UnityPoint Health Ventures on behalf of Iowa’s UnityPoint Health healthcare system.

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Blockchain could be the great cost, time saver in healthcare

Healthcare organizations and providers are facing more pressures than ever, from regulatory strains to financial squeezes. Blockchain is one area that can act as a major time and cost saver for healthcare organizations, according to a recent report from JPMorgan Chase.

Insurers reject 2/3 of high-risk PCSK9i candidates

Nearly two-thirds of high-risk patients prescribed PCSK9 inhibitors to lower their risk of familial hypercholesterolemia and ASCVD are rejected coverage for the drugs by their health insurers, a new study alleges.