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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FDA approves Abbott’s 14-day continuous glucose monitor

The FDA approved the FreeStyle Libre flash glucose monitoring system, which works for up to 14 days at a time, according to an announcement from device maker Abbott.

Initial ruling by judge sides with Hologic in ongoing patent dispute with Fujifilm

Fujifilm’s Aspire Cristalle breast imaging system violates four patents owned by Hologic, according to the initial ruling on July 26 of U.S. International Trade Commission Judge Clark Cheney.

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Report: Radiologists offered average $371K base salary, rank 5th as most requested medical specialty

National healthcare search and consulting firm Merritt Hawkins released its 2018 Review of Physician and Advanced Practitioner Recruiting Incentives, which listed radiology as the fifth most requested medical specialty searched in fiscal year 2017-2018, up from 10th in the previous year's report.

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MITA backs House repeal of medical device tax, calls for Senate action

The Medical Imaging & Technology Alliance (MITA) voiced its support for the U.S. House of Representative’s vote to repeal the 2.3 percent medical device tax and called on the Senate to follow suit.

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NEMA leadership testifies on potential impact of latest tariffs

The National Electrical Manufacturers Association (NEMA) testified this week in front of the Office of U.S. Trade Representative (USTR) on the potential harm that could result from the U.S. government’s latest round of proposed tariffs on products imported from China.

FDA approves TBI blood test that could reduce need for head CTs by 1/3

A blood test administered within 12 hours of a suspected traumatic brain injury (TBI) could help clinicians identify injuries like hemorrhage and contusion before having to resort to CT imaging, according to the preliminary results of a study published this week in the Lancet Neurology.

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Cleveland Clinic’s ex-CEO Cosgrove to be advisor to Google Cloud

Former CEO and president of the Cleveland Clinic, Toby Cosgrove, MD, will be an executive advisor to Google Cloud’s healthcare and life sciences team.

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House votes to repeal medical device tax

The U.S. House of Representatives has voted to repeal the medical device tax, originally implemented as a piece of President Barack Obama’s Affordable Care Act, by a vote of 283 to 132. Fifty-seven Democrats voted with Republicans to eliminate the 2.3 percent tax. All eyes are now on the Senate to see what may happen next.