Medicare drug price negotiations to save $6 billion in first year
Editor's Note Medicare’s first negotiations on 10 top-selling prescription drugs for older Americans will save the US government $6 billion in the first year, according to an August 15 article in Reuters. Enabled by President Joe Biden’s 2022 Inflation Reduction Act, negotiations for drugs used by Medicare—which covers 66 million…
Surge in corporate ownership of medical practices raises concerns over physician autonomy, care quality
Editor's Note Corporate entities are overtaking hospitals in terms of medical practice ownership, with corporate ownership at 30.1%, surpassing hospital ownership at 28.4% for the first time, Fierce Healthcare April 12 reports. This is alongside a “decadelong decline of independent physicians,” which saw a new high of 77.6% doctors employed…
2023 was transformative for ASC sector: Growth, regulatory changes, strategic consolidations
Editor's Note Becker’s ASC Review on February 13 published an in-depth overview of the ambulatory surgery center (ASC) sector's growth and activity in 2023. It highlights the ongoing trends, market dynamics, regulatory changes, and notable company performances within the industry. Here are some takeaways: Growth and consolidation: The ASC sector…
Changes in industry marketing, research payments to physicians, teaching hospitals during COVID-19
Editor's Note In this study from Harvard Medical School, Boston, researchers find that the COVID-19 pandemic was associated with shifts in the focus of industry payments for research to physicians and teaching hospitals and an immediate and sustained decline in payments for marketing. During the study period (2018 to 2021), 705,490…
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