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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Massachusetts patient awarded $11.5M in radiology malpractice suit

A jury awarded $11.5 million to a woman from Framingham, Massachusetts, in a medical malpractice suit filed against a radiologist in the state, which argued he was negligent in not adequately identifying a heart problem that eventually led to permanent brain damage, according to the Boston Globe.

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ASTRO voices support for new prior authorization legislation

The American Society for Radiation Oncology (ASTRO) is championing bipartisan legislation introduced Wednesday, June 5, that would reduce prior authorization practices found to delay patient access to necessary cancer treatments.

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Latest analysis of evolocumab suggests the drug is—finally—affordable

An updated cost-effectiveness analysis of evolocumab suggests that while treatment with the PCSK9 inhibitor may always be somewhat costly, it remains effective in hard-to-treat patients and its reduced list price meets cost-effectiveness thresholds across a range of CV events in patients with very-high-risk atherosclerotic CVD.

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Reuters: SEC investigating bribery charges between healthcare companies, Chinese officials

The U.S. Securities and Exchange Commission (SEC) is investigating a handful of healthcare companies over potentially using intermediaries to set up bribes with Chinese government and hospital officials to sell medical equipment, according to reporting by Reuters.

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AI figures big as CVS plans consumer-driven modernization

Whether or not its pending $68 billion purchase of Aetna gets finalized, CVS Health will pump big bucks into broadening its menu of healthcare services and personalizing them for consumers. And a key component of its plan is a data-analytics strategy steeped in AI.

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Report: SEC investigating healthcare vendors for alleged bribes to Chinese officials

The U.S. Securities and Exchange Commission (SEC) is exploring the possibility that numerous healthcare vendors, including Siemens AG, Philips NV and General Electric, may have used “local middlemen” to bribe the Chinese government and certain hospital officials, according to new reporting from Reuters. 

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Ohio imaging provider charged with 25 counts of healthcare fraud

An imaging provider from North Canton, Ohio, has been indicted for billing Medicare and Medicaid for approximately $2 million in imaging services that never actually occurred.

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President of Ohio radiology company indicted on $2M x-ray billing scheme

The president of Portable Radiology Services in North Canton, Ohio has been indicted for defrauding Medicare and Medicaid of nearly $2 million for billing x-ray services that were never rendered, reported Cleveland 19 News.