EHR investments slowing down as hospitals cite high costs, study finds

If you’re wondering why sometimes medical imaging devices aren’t being funded, this looks like a possible reason.  Hospitals spent nearly $25 billion globally on electronic health records in 2017 and that is projected to increase to $33 billion by 2023 but signs are also emerging EHR spending is starting to slow down, according to a report from Allied Market Research.

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U.S. Hospitals Shut at 30-A-Year Pace, With No End in Sight

Industry M&A may be no savior as the pace of hospital closures, particularly in hard-to-reach rural areas, seems poised to accelerate. Hospitals have been closing at a rate of about 30 a year, according to the American Hospital Association, and patients living far from major cities may be left with even fewer hospital choices as insurers push them toward online providers like Teladoc Inc. and clinics such as CVS Health Corp’s MinuteClinic. Morgan Stanley analysts led by Vikram Malhotra looked at data from roughly 6,000 U.S. private and public hospitals and concluded eight percent are at risk of closing; another 10 percent are considered “weak.”

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U.S. House votes to kill sales tax on medical devices

The House of Representatives voted overwhelmingly Tuesday to kill a sales tax on medical devices that the medical-technology industry around the country have battled for nearly a decade.  Industry insiders hope that Tuesday’s vote will provide the momentum that leads to action by the end of the year.

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 GE Announces Plans to Separate GE Healthcare into Standalone Company

June 26, 2018 —GE announced the results of its strategic review, and plans to separate GE Healthcare into a standalone company and pursue an orderly separation from BHGE over the next two to three years to make its corporate structure leaner and substantially reduce debt. GE will focus on aviation, power and renewable energy, creating a simpler, stronger, leading high-tech Industrial company. GE’s Board of Directors unanimously approved the plans.

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