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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High price tags on diabetes test strips drive ‘gray market’ in US

High retail prices for diabetes test strips are driving a “gray market” in the U.S. as an increasing number of uninsured diabetics struggle to afford something they need as often as 10 times a day, the New York Times reports.

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Carestream granted 42 US patents in 2018

Carestream has announced that it was granted 42 new patents from the U.S. Patent and Trademark Office in 2018. The patents were focused on digital radiography, extremity CT imaging and other key healthcare technologies. 

Ping An Global Voyager Fund invests in Airdoc

Ping An Insurance Company of China’s corporate venture fund is investing in AI medical solution company Airdoc, the company announced on Saturday, Jan. 12.

NYT: Online prices for medical services, including imaging, are more chaotic than helpful

On Jan. 1, U.S. hospitals began posting prices online for all services offered, including medical imaging, in compliance with a new Trump administration order intended to increase transparency for health care consumers. However, according to a recent article from The New York Times, the policy change is "turning into a fiasco.”

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Medicare, Medicaid paying for more heart transplants than ever before

Public health insurance programs are covering an increasing number of heart transplant surgeries in the U.S., recent research suggests, meaning the outcomes of such procedures could hinge on decisions made by the federal government.

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Despite AI readiness, Middle East lags in adoption

Two-thirds of public citizens in the Middle East are ready to embrace AI in healthcare, while only 10 percent of businesses in the region are ready or have begun adopting the technology, according to a new report by PwC Middle East.

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Documents show Montana hospital paid $10M to settle radiology fraud lawsuit

Montana-based Bozeman Health Deaconess Hospital paid $10 million to settle a federal lawsuit accusing its radiology department of fraud, according to unsealed court documents reported by the Bozeman Daily Chronicle.

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Costs of invasive lung cancer tests, complication rates higher than previously thought

The results drive home the need to incorporate these risk factors during the shared-decision making process between patients and physicians when evaluating lung cancer screening options for high-risk groups, according to the study's authors.