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.

Study: Cost-effectiveness of cardiovascular drugs varies widely

The publicly available prices of 30 frequently prescribed cardiovascular drugs don’t necessarily correlate to clinical value, according to a new study. Some drugs were both cheaper and more effective than alternatives, while others were more expensive and associated with poorer outcomes.

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Fox Chase Cancer Center receives $673K from U.S. Department of Defense to improve lung cancer screening

Fox Chase Cancer Center, part of the Temple University Health System in Philadelphia, has received a grant for $673,000 from the U.S. Department of Defense to develop an improved method for screening for lung cancer.

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Inspector general: CMS overpaid hospitals by nearly $25M for radiation therapy planning

CMS handed out $25 million more in Medicare payments to hospitals for specific radiation therapy planning services than was appropriate, according to an Office of the Inspector General (OIG) report.

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Googling symptoms may improve patient interactions with physicians

A team of Australian researchers found those who consulted online resources had better interactions, because it led to more informed discussions while not undermining trust in diagnoses and treatment plans. Still, while the activity was generally considered positive, searches could increase patient anxiety.

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Washington state sues breast cancer charity for pocketing millions

The office of Washington Attorney General Bob Ferguson has won a lawsuit against Breast Cancer Prevention Fund, a charity that said it was raising money for cancer research and turned out to be one giant scam.

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400,000 imaging scans outsourced amid Scotland radiology shortage

Scottish health boards have sent nearly 400,000 radiology scans to external providers over the past three years, new data received by the Scottish Liberal Democrats shows.

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Despite longstanding breast density laws, patients remain confused and misinformed

Breast density laws have been on the books since 2009, with states increasingly joining the upward trend. But new research surveying more than 1,000 women found many remain confused and misinformed about such legislation.

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NYU to offer full-tuition scholarships to all medical students

New York University School of Medicine will cover tuition expenses for all new and current medical students, according to an Aug. 16 university release. The scholarship initiative, the first such program at a top-10 medical school, will cover $55,000 in costs for all students in the MD program.