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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Former UPMC radiologist faces $1M fine, 20 years in prison for illegally distributing Vicodin

Former University of Pittsburgh Medical Center (UPMC) radiologist Marios D. Papachristou waived indictment and pleaded guilty May 3 to federal charges of healthcare fraud and illegally distributing controlled substances to non-patients, the U.S. Department of Justice has announced.

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University of Arkansas for Medical Sciences receives gift of $1M for breast cancer research

The Winthrop P. Rockefeller Cancer Institute at the University of Arkansas for Medical Sciences (UAMS) has received a $1 million donation from the estate of Linda Garner Riggs, a former Arkansas insurance commissioner who died in November 2017. The money will be used to fund research into triple negative breast cancer.

Favorable cardiovascular modifiable risk factor may lower expenditures

The absence of atherosclerotic cardiovascular diseases (ASCVD) and a favorable cardiovascular modifiable risk factor (CRF) are associated with “significantly” lower costs among cancer patients, according to a study published May 1 in the Journal of the American Heart Association.

Patient adherence is significantly higher in the hospital, among male patients

Male patients in the hospital setting are most likely to adhere to vital sign measurement schedules during home telemonitoring, according to a study published April 9 in JMIR Medical Informatics.

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Former health system employee charged with selling stolen medical equipment, including imaging systems

Corey Hollmann, the 44-year-old former head of Melbourne Same Day Surgery Center in Melbourne, Florida, has been charged with selling stolen hospital equipment—including medical monitors, imaging systems and skin-grafting instruments—from the nearby Holmes Regional Medical Center.

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STEMI patients receive faster care in states that allow direct EMS transport to specialized hospitals

New research suggests people exhibiting ST-segment elevation myocardial infarction (STEMI) receive life-saving treatment more quickly if they live in states that allow emergency medical services (EMS) to take patients straight to hospitals that offer specialized treatment, rather than those that do not.

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eHealth interventions could improve care quality but barriers to workflow persist

Electronic health (eHealth) interventions could improve care, but barriers related to workflow diminish its success, according to findings published May 1 in the Journal of Medical Internet Research.

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Endocarditis from drug use produces ‘substantial’ economic burden

A new study analyzed the “substantial” cost burden to state and federal healthcare programs from patients hospitalized with endocarditis because of drug abuse. Findings were presented April 26 at the Society for Cardiovascular Angiography and Interventions (SCAI) 2018 Scientific Sessions in San Diego.