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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Jane Kilkenny named new VP of US MR business division at Siemens Healthineers

Siemens Healthineers announced this week that Jane Kilkenny will be the company’s new vice president of U.S. magnetic resonance (MR) business management.

Coronary stents cost 6 times more in US than some European countries

The prices of implantable medical devices to treat heart patients are up to six times higher in the United States than Germany, according to a study published Oct. 1 in Health Affairs.

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MEDNAX announces acquisition of Las Vegas-based Radiology Specialists

MEDNAX has announced the acquisition of Radiology Specialists, a private radiology physician group based in Las Vegas. Radiology Specialists will be the seventh practice—the first in Nevada—to be part of MEDNAX Radiology Solutions.

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GE names new CEO; GE Healthcare still plans to split from parent company

GE Healthcare still plans to separate into an independent company after General Electric named a new chairman and CEO, according to a report by CNBC.

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Study: Same-day discharge saves $5K per elective PCI

Same-day discharge following elective percutaneous coronary intervention (PCI) was safe and resulted in more than $5,000 in savings per procedure, according to an analysis of operations performed from 2006 through 2015. Yet only 9.1 percent of interventions that were studied achieved same-day discharge, representing an opportunity to trim healthcare costs in the United States.

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VA’s cancellation of 250K imaging exams threatens lives of U.S. veterans

The U.S. Department of Veteran’s Affairs inspector general is auditing mass cancellations at eight VA medical centers across the country to determine if the VA processed and managed radiology requests in a timely and appropriate manner since 2016, USA Today reported on Oct. 1.

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Connecticut cardiologist sentenced to prison time, $500K fine for insider trading

A Weston, Connecticut, cardiologist was sentenced to six months in prison and handed a $500,000 fine this week after illegally trading stock in a life sciences company, the Associated Press reports.

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Trade war’s impact on medical technology industry a focus at MedTech Conference

The ongoing trade war between the United States and China, one of 2018’s biggest economic storylines, has continued to be a hot topic among healthcare providers and vendors.