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House Republicans' new 340B bill 'a pharmaceutical industry wish list,' hospitals say

Fierce Healthcare

Republican lawmakers in the House have introduced a bill Tuesday that tightens eligibility and public reporting requirements within the 340B Drug Discount Program, earning the applause of industry | Critics of the increasingly scrutinized 340B program applauded a new bill that tightens eligibility and public reporting requirements.

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Roundup: Sun Pharma reports IT breach and more briefs

Healthcare It News

Sun Pharma probes cyber breach Indian pharma giant Sun Pharmaceutical Industries has reported an "information security incident," according to PTI. It is said that the upgrade is part of CRH's initiatives to transition to a smart hospital.

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U.S. Hospitals Will Lose $323 Billion in 2020 – Before Accounting for Growing COVID Cases

Health Populi

health systems are projected to lose $323 billion in 2020 due to declining inpatient and outpatient volumes caused by the COVID-19 pandemic’s impact on the “normal” hospital business. Hospitals racked up over $200 bn in losses between March and June 2020. What’s the worth of $323 billion? Wage and labor costs.

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Understanding the Sunshine Act Compliance

American Medical Compliance

The Sunshine Act promotes transparency in the relationship between healthcare providers and the pharmaceutical industry. The Act mandates the drug and medical device manufacturers report annually on any direct payments or other transfers of value made to physicians and teaching hospitals.

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Unseen Scars: The Devastating Impact of Corruption on Mental Health Systems in Low and Middle-Income Countries

Bill of Health

Last year, a former purchasing manager at the Honduran psychiatric hospital “Mario Mendoza” was found guilty of embezzling approximately $9000 that was earmarked for improving the hospital’s sewage system. Despite its harmful effects, the biomedical model’s reliance on medications makes it very profitable for pharmaceuticals.

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Will Consumers Cross the Cost-and-Trust Chasm Between Prescription Drugs and Hospitals?

Health Populi

Hospital costs contribute to rising medical costs to 49% of health consumers. patients’ negative views of the pharmaceutical industry in this study was the opioid epidemic. NPR covered this and other research in a piece on how non-profit hospitals could be driving up health care spending. Exacerbating U.S.

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Medical Costs Are Consuming Americans’ Financial Health

Health Populi

It is important to note that the pharmaceutical industry has gotten so much of the U.S. With that in mind, I’ll remind Health Populi readers that the latest Edelman Trust Barometer saw a dramatic drop in trust between American health consumers and hospitals in this year’s 2019 research.