Health care added 68,000 jobs in May, according to the U.S. Bureau of Labor Statistics report, while pushing up the three-month average to 66,000. One key factor to health care’s resilient job additions comes from the ambulatory services sector. Noteworthy data insights include the following: ... READ MORE >
health care
New tariffs on medical equipment could strain health care and life sciences supply chains
Health care and life sciences organizations’ operations could be affected by recent tariff increases on Chinese medical equipment imports as part of a broader economic regime shift to embrace industrial policy. The Biden administration, in an effort to address what it calls unfair trade policies and ... READ MORE >
Robust jobs growth continues in health care
Despite recent headlines highlighting cybersecurity challenges and the departure of major retailers from specific health care segments, the industry continues to demonstrate robust jobs growth. Health care jobs gains remain strong, according to the U.S. monthly report on April numbers, with a three-month ... READ MORE >
Health care’s challenge: Navigating the impact of a cyberattack rocking the industry
Some providers and physician groups are facing an existential cash flow crisis as the problems pile up due to the recent cyberattack on Change Healthcare, one of the world’s largest health care clearinghouses for medical claims transactions. Outcomes of this event could disrupt health care transactions ... READ MORE >
Preparing for new cybersecurity rules: Considerations for NY hospitals
In an effort to address cybersecurity threats in hospitals in New York, the state Department of Health proposed a new rule in December aimed at safeguarding hospital systems and nonpublic information. The proposed regulation, which is open for public comment until Feb. 5, would require hospitals to ... READ MORE >
New York hospitals face new cybersecurity rules. Will other states follow?
According to the U.S. Department of Health and Human Services Office for Civil Rights, approximately 85 million patients have had their personal information compromised through the first nine months of 2023, compared with 38 million in the same time period in 2022 and 43.9 million in 2021. Nearly 25% of ... READ MORE >
Inflation Reduction Act could provide clean energy tax credits for health care organizations and investors
The Inflation Reduction Act, enacted on Aug. 16, 2022, is the largest public-sector investment in clean energy in United States history. It provides a wide range of tax credits and other incentives for businesses, including health care organizations, to invest in assets that promote decarbonization ... READ MORE >
As physicians are strained by surging demand, AI may provide relief
Physicians are facing a growing challenge as they face a surge in demand for their services. Visits per physician office this year have grown by a staggering 30%, far higher than the rate in 2019, before the pandemic, according to data from the Centers for Disease Control and Prevention. But health ... READ MORE >
Risk of losing tax-exempt status could be disruption for many nonprofit hospitals
The tax-exempt status of nonprofit hospitals faces legislative scrutiny as members of Congress discuss the tax-exemption benefit and whether it equates to the value these organizations provide to their local communities. In April, the House Committee on Ways and Means addressed the matter with a ... READ MORE >
5 things to know in life sciences: Week of May 15, 2023
This week we look at how changes to accelerated approvals at the U.S. Food and Drug Administration (FDA) are affecting the number of drugs being approved. Also this week, there is news of CVS’s brief foray into clinical trials, the end of the public health emergency for COVID-19, and the costs of the ... READ MORE >