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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Wisconsin hospital raises $4M to improve breast care

Thanks to contributions from more than 400 donors and support from the Ascension Wisconsin health system, Ascension St. Michael’s Hospital in Stevens Point, Wisconsin, will be opening a new Breast Care Center later this year.

10 findings on how patients use online reviews

According to a survey conducted by Software Advice, 72 percent of patients used online reviews as a first step to seeking providers.

Survey: Cardiologists’ pay increases, ranks No. 3 among specialties

Cardiologists earn an average of $423,000 annually, according to the 2018 Medscape Cardiologist Compensation Report, up from $410,000 in last year’s survey. That salary puts cardiology third among all specialties—behind only plastic surgery ($501,000) and orthopedics ($497,000).

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Compliance with FDA’s sodium goals could save $41B, prevent 450K cases of CVD

The FDA’s voluntary sodium reduction goals for packaged and processed foods could greatly reduce or delay deaths from cardiovascular disease (CVD) in the U.S. and are cost-saving even in pessimistic simulations, according to a study published online April 10 in PLOS Medicine.

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Indiana program helps women who can't afford mammograms

HeartStrings Sisters, a nonprofit program started by Goshen Health in Goshen, Indiana, provides financial assistance to women who can’t afford mammograms.

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Radiologists average $401K a year, ranking 5th among specialists

Radiologists make an average of $401,000 a year, ranking as the fifth highest compensated medical specialists, according to Medscape's Physician Compensation Report 2018, which compiled survey results from more than 20,000 physicians in 29 clinical specialties.

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Physicians favor positive patient outcomes, ease-of-use over price when purchasing medical devices

A survey conducted by Vennli found that physicians favor positive patient outcomes and ease-of-use more than price and design when purchasing medical devices.

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ACP provides steps to achieve gender equity in physician pay, career advancement

The American College of Physicians (ACP) published a position paper with recommendations for eliminating disparities between male and female physicians in terms of compensation and professional advancement.