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 seeks to modernize 510(k) clearance pathway for medical devices

The FDA published its final guidance Jan. 22 for ensuring medical devices meet “more modern safety and performance criteria” before being cleared through the agency’s 510(k) review process.

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Hospital employees plan rally after technologists lose jobs

Employees from St. Joseph Hospital in Eureka, California, have planned a rally for Jan. 24 to protest the hospital’s decision to lay off two radiology technologist assistants.

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AI in healthcare alliance launches, announces officers

The Alliance for Artificial Intelligence in Healthcare (AAIH) has officially launched after the board of directors held the organization’s inaugural meeting Jan. 9 in San Francisco.

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Increased disease awareness driving surge in neurovascular thrombectomy device market

A report from Persistence Marketing Research predicts the demand for neurovascular thrombectomy devices (NTDs), particularly stent retrievers, will surge in the near future alongside a growing prevalence of cerebral infarction and ischemic stroke.

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College of American Pathologists release digital pathology guidelines for testing breast cancer

The new evidence-based clinical recommendations seek to help labs better use quantitative image analysis (QIA) in HER2 testing for breast cancer.

Companies raised prices for valsartan following recalls

Following a series of valsartan recalls over carcinogenic impurities, at least three sellers of the popular blood-pressure medication hiked their prices, the Wall Street Journal reported.

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VC funding in digital health reaches $9.5B in 2018

It was a record-breaking year for global venture capital (VC) funding in digital health, with more than $9.5 billion raised in 698 deals for 2018, according to a report by Mercom Capital Group. The previous record was set last year, with $7.2 billion raised in 778 deals.

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Healthcare spending on wearables to reach $60B by 2023

Healthcare spending on wearables is expected to reach $60 billion by 2023 as the technology becomes more popular within the medical industry, according to a recent report by Juniper Research.