Healthcare imploded in the second quarter

The U.S. economy shrank at an annualized 32.9% rate in the second quarter — the worst-ever contraction on records that date back to 1947. The staggering contraction beats the last record set in 1958 when GDP shrank at an annualized 10% rate. Any way you slice it, it’s an ugly, historic economic contraction. Widespread lockdowns…

Pharma keeps escalating prices amid the pandemic

Despite the crisis that the pandemic has created, drug companies have conducted business as usual hiking prices of 245 drugs since the start of the year, on par with prior years. More than 75% of the 245 price increases are related to COVID-19. The pandemic has put people with chronic diseases and acute health conditions…

Hospitals continue consolidating despite the pandemic

The pandemic has dried up big parts of hospitals’ businesses, and that’s why Congress established a $175 billion bailout fund to help them. At the same time, they’re spending millions on lawyers and advisers to explore deals that expand their business empires. When a merger or acquisition occurs in healthcare, the conjoining providers often say that…

4 Common missteps

Four Common Missteps That Leaders Make When Under Pressure To Reduce Costs! Current economic conditions caused by the pandemic are forcing health systems to hurriedly concentrate on cost reduction strategies. We have uncovered four (4) common missteps that leaders make when under pressure to reduce costs: Misstep # 1: Stop treating a sizeable share of…