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.

Physician claims he lost work after Montana hospital monopolized cardiology services

Interventional cardiologist Kipp Webb and representatives from Montana’s Bozeman Health Deaconess Hospital entered a 19-day jury trial Jan. 17 after Webb claimed the hospital created a monopoly over cardiology services in 2011, preventing him from practicing in the area.

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Bayer closing administrative offices in Robinson Township

Bayer will be closing its administrative offices in Robinson Township, Pennsylvania, affecting more than 500 jobs and another 96 contract positions. The decision comes months after Bayer announced that it will be laying off 12,000 workers by 2021.

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Australian imaging department reaches $10M over budget

Data from the Australian government revealed that costs within the department at Canberra Hospital in Australia have been steadily increasing over the past three years, largely due to unplanned staff leave and medical supplies, according to a recent report by The Canberra Times.

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Imaging department has ‘budget blowout,’ may lose accreditation

The budget of the medical imaging department at Canberra Hospital has exceeded $10 million (approximately $7.1 million) over a five-year period due to staffing shortages, according to a new report by WA Today.

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U.S. healthcare stocks expected to perform well in 2019

U.S. healthcare stocks had a strong 2018, rising 4.7 percent overall, and experts say they should continue to do well in the new year.

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Copay vouchers fail to reduce adverse events in MI survivors

Copayment vouchers for P2Y12 inhibitors modestly improved the likelihood that patients would continue taking the guideline-recommended medications for one year after myocardial infarction, according to a study published in JAMA. However, patients supplied with this financial assistance didn’t see a subsequent improvement in clinical outcomes.

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Medicaid coverage linked to lower survival of STEMI

ST-segment elevation myocardial infarction (STEMI) survivors covered by Medicaid have lower rates of revascularization and higher rates of in-hospital mortality than their counterparts with private insurance, according to a study published in Circulation: Cardiovascular Quality and Outcomes.

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Change Healthcare, Health Fidelity partner on AI solution for risk adjustment coding

Change Healthcare and Health Fidelity are partnering to offer a risk adjustment coding solution that uses natural language processing (NLP) and machine learning to increase claim accuracy and address compliance issues, the companies announced Monday, Jan. 14.