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.

ACR elects Geraldine McGinty as 1st woman chair

Geraldine McGinty, MD, MBA, has been elected Chair of the American College of Radiology (ACR) board—the first woman named to the position in the history of the organization.

May 23, 2018
Ruth Carlos

Ruth Carlos named editor-in-chief of JACR

Ruth Carlos, MD, MS, will begin her new role in January 2019. She succeeds Bruce J. Hillman, MD, who founded the Journal of the American College of Radiology in 2004.

May 21, 2018
NEMA

NEMA estimates proposed Chinese tariffs at $2.25B, urges alternative measures in testimony

On Tuesday, May 16, the vice president of the National Electrical Manufacturers Association (NEMA) testified in front of an Office of the United States Trade Representative (USTR) committee, stating the proposed tariffs on Chinese imports would equate to $2.25 billion in taxes on many of its members, which include medical imaging device manufacturers.

May 16, 2018
Outsourcing

Survey: Hospitals consider outsourcing imaging to cut costs

A recent Black Book Market Research survey of administrators from 709 hospitals and inpatient organizations found medical imaging among the most popular services hospitals are considering outsourcing to save money.

May 11, 2018
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Kaiser: MRI price, availability, use are highest in US

The U.S. leads 22 comparable countries in MRI price, availability and use, according to a data report published by the Kaiser Family Foundation. The report was recently presented at a forum held by the Kaiser Family Foundation and the Peterson Center on Healthcare in Washington, D.C.

May 10, 2018

Are imaging costs, utilization leading to increased spending in Massachusetts?

In 2015, Medicare spent $762.1 million on imaging services in Massachusetts, with per beneficiary spending 14 percent higher than the average state. A Boston Business Journal report suggests increased imaging costs and higher utilization of imaging services are to blame.

May 7, 2018

Ohio system invests $10M for IBM Watson PACS upgrade

Cincinnati-based TriHealth announced a $10 million investment to adopt IBM Watson’s Health Enterprise Imaging Portfolio, reports the Cincinnati Business Courier.

April 20, 2018

Early MRI referrals not cost-effective in patients with knee pain

A group of Dutch researchers found a general practitioner’s MRI referral for patients with traumatic knee symptoms led to increased healthcare costs without any improvement in outcomes, according to a study published in Radiology.

April 20, 2018

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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