Economics

This channel highlights factors that impact hospital and healthcare economics and revenue. This includes news on healthcare policies, reimbursement, marketing, business plans, mergers and acquisitions, supply chain, salaries, staffing, and the implementation of a cost-effective environment for patients and providers.

MITA, AdvaMed and MDMA support continued bipartisan efforts to repeal the device tax

The Medical Imaging & Technology Alliance (MITA), Advanced Medical Technology Association (AdvaMed) and the Medical Device Manufacturers Association (MDMA) today announced their collective support for the continued bipartisan efforts to repeal the 2.3 percent medical device excise tax.

September 22, 2014

Tracking MRI cost in the Bay Area

It’s no secret that the cost of imaging varies widely across the country and even within communities. Now, a Northern California public media outlet is asking its audience to help track MRI prices.

August 7, 2014

Another take on the cost of imaging

It’s no secret that radiology has been in the crosshairs of policymakers aiming to cut healthcare costs. The Fiscal Times took a stab at summing up the main drivers in imaging costs—and how to bring those costs down—in a recent article.

July 22, 2014

AMIC warns against MedPAC’s proposed hospital payment cut for diagnostic imaging services

The Access to Medical Imaging Coalition (AMIC) today said that it opposes the severe hospital outpatient payment reductions for diagnostic imaging services outlined in Medicare Payment Advisory Commission’s (MedPAC) testimony at today’s Energy & Commerce (E&C) Committee hearing. 

May 22, 2014

The limits of big data and transparency

Earlier this month, the release of massive amounts of Medicare payment information jolted healthcare and spurred countless articles analyzing the payments being made to physicians.

April 30, 2014

Breast Imaging Cuts in Medicare Final Rule May Delay Diagnosis and Treatment and Increase Patient Anxiety

Drastic reimbursement cuts for image-guided breast biopsies and other medical imaging techniques in the 2014 Medicare Fee Schedule Final Rule may further reduce women’s access to mammography and other breast cancer services. The Centers for Medicare and Medicaid Services (CMS) directly cut imaging reimbursement every year since 2007. This, along with 12 Medicare imaging cuts in the last six years due to legislation, increasingly threatens patient care.

December 2, 2013

UK healthcare system grapples with cost of replacing outdated medical equipment

Due to legislative reform, demographic change and rising prosperity, demand for healthcare services is rising across the world, fueling the requirement for up-to-date medical equipment that plays an indispensable role in the provision of high quality healthcare. This is, however, exerting considerable financial strain on the European healthcare systems where a proportion of medical equipment is currently out-of-date and needs to be urgently replaced.

September 20, 2013

MITA Submits Comment Letter to CMS Opposing Use of Separate Cost Centers for CT & MR in OPPS Rule

The Medical Imaging & Technology Alliance (MITA) today submitted a comment letter to the Centers for Medicare & Medicaid Services (CMS) opposing plans to calculate reimbursements using separate cost centers for computed tomography (CT) and magnetic resonance (MR) imaging that were included in the hospital outpatient prospective payment system (OPPS) and calendar year (CY 2014) rates proposed rule.

September 9, 2013

Around the web

Automated AI-generated measurements combined with annotated CT images can improve treatment planning and help referring physicians and patients better understand their disease, explained Sarah Jane Rinehart, MD, director of cardiac imaging with Charleston Area Medical Center.

Two advanced algorithms—one for CAC scores and another for segmenting cardiac chamber volumes—outperformed radiologists when assessing low-dose chest CT scans. 

"Gen AI can help tackle repetitive tasks and provide insights into massive datasets, saving valuable time," Thomas Kurian, CEO of Google Cloud, said Tuesday. 

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