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 Web Services joins NIH’s STRIDES Initiative

Researchers associated with the National Institutes of Health (NIH) will have more resources to access and analyze data thanks to a new partnership with Amazon Web Services (AWS).

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Cardiology malpractice suits up 91% from a decade ago

Rates of malpractice lawsuits in cardiology have followed a slow upward trajectory for the past decade and are continuing to climb, according to a review of more than 1,500 liability claims published in the American Journal of Cardiology.

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Radiology techs among 39K medical, union workers striking at UC medical centers

About 15,000 hospital workers, including radiology technicians, began a three-day strike at University of California (UC) medical centers across the state over “unresolved contract talks.” The strike is expected to affect thousands of patients.

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Canon Medical Systems, Manchester United Football Club renew imaging collaboration

Manchester United Football Club and Canon Medical Systems Europe announced they have officially renewed their clinical collaboration.

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FDA axes bid to add CVD indication for canakinumab

The FDA rejected Norvartis’ bid to expand the indications for canakinumab to include cardiovascular risk reduction among heart attack survivors, Reuters reported Oct. 18.

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How U.S. hospitals could save $25.4B on supply chain costs

Hospitals across the United States spent approximately $25.4 billion more than necessary this year on supply chain operations, according to a new report from Chicago-based Navigant Consulting. That number is up more than 10 percent compared to 2017.

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Novartis to acquire Indiana-based Endocyte for $2.1B

Novartis, a large healthcare company based in Basel, Switzerland, has agreed to acquire Endocyte, a West Lafayette, Indiana-based biopharmaceutical company, for $2.1 billion.

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Silicon Valley is investing in top-tier cardiologists—here’s why

Silicon Valley has seen an influx of world-renowned cardiologists lately—a phenomenon that’s likely the result of increased attention to healthcare in the tech industry—CNBC reported.