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.

There has been a growing shortage of cardiologists the past several years, but this has accelerated due to burnout from the pandemic, falling reimbursements and increasing administrative burdens. This prompted a joint session on this topic with the ACC and the Heart Rhythm Society at HRS 2024, with ACC President Cathie Biga, MSN, FACC, president and CEO of Cardiovascular Management of Illinois, former ACC president Ed Fry, MD, chair of the Ascension National Cardiovascular Service Line, and EP Parin Patel.

Addressing staffing shortages in cardiology

ACC President Cathie Biga, MSN, RN, Edward Fry, MD, and electrophysiologist Parin Patel, MD, discuss the growing cardiologist shortage.

Money handcuffs price cost cap

Insurers eventually approve most denials, though payer-mandated changes may be compromising care

Across over 200 radiation therapy denials at a single institution, 98% eventually led to the delivery of RT with delays sometimes as long as 49 days. 

artificial intelligence AI in healthcare

Industry Watcher’s Digest

Buzzworthy developments of the past few days.

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Radiologists among top specialists with wealth over $5M. How are they spending it?

About 31% of radiologists surveyed said they have attained this level of income, placing the specialty in a tie for No. 2 with gastroenterology. 

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Biden administration proposes banning medical bills from credit reports

The Consumer Financial Protection Bureau also wants to stop credit reporting companies from sharing medical debt information with lenders, among other changes. 
 

healthcare AI venture capital investments

US healthcare is flush with venture investments in AI: Silicon Valley Bank report

The past five years have been boom times for AI startups courting venture investors in healthcare, and the good times just keep rolling.

Roger Marshall Senate Congress Durbin

Congress reintroduces radiologist-supported bill aimed at curbing prior authorization

Over 370 organizations support the legislation including the American College of Radiology, Society of Interventional Radiology and the Association of Academic Radiology. 

AMA wants insurers to be accountable when prior authorization harms patients

The American Medical Association (AMA) House of Delegates this week approved two policies aimed at increasing insurer accountability and transparency amid an explosion of prior authorization requirements.