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.

Hard data: Radiologists’ higher prices reflect important yet often overlooked factors

It’s no secret that radiology ranks among the medical specialties with the highest mean markups on list prices. However, a new review of Medicare data on prices listed and payments made shows that, far from being arbitrarily set—as is often assumed if not alleged—many of radiology’s highest prices reflect real-world, case-by-case factors involving heightened risk, greater clinical complexity and increased need for subspecialized expertise.

July 21, 2017

Eyeing cardiac ultrasound, Philips buys German imaging software company

Philips has announced it is acquiring Germany-based TomTec Imaging Systems, primarily to increase its strength in cardiac ultrasound markets.

July 18, 2017

Jefferson Health partners with GE Healthcare to ‘disrupt healthcare’

Philadelphia-based Jefferson Health, affiliated with Thomas Jefferson University, is making room in 13 facilities for 100 or so GE Healthcare employees to move in and work on site. And that may be just the start of the newly blossoming relationship.

July 17, 2017

Radiologist’s congressional bid sprints forward

The odds that Stephen Ferrara, MD, will become the first radiologist elected to the United States Congress have improved. On Friday, the interventionalist reported his campaign raised more than $250,000 in its first eight weeks—possibly a record for a first-time candidate in his state, Arizona.

July 14, 2017

ACR presses Medicare to cover virtual colonoscopy

The American College of Radiology is urging the Centers for Medicare & Medicaid Services to start paying for CT colonography for seniors.

July 12, 2017

Nuke-imaging supplier spikes prices, draws watchdog’s attention

The India-headquartered manufacturer of radiotracers used in nuclear imaging has come under the watchful eye of an American journalist for its alleged price gouging and possibly improper product bundling.

June 30, 2017

AHRA 2017 preview: Compete now or pay later

In the business world, it’s a given that competition is good for consumers. Battles over market share tend to drive quality up, push prices down and spawn new products and services. When it comes to healthcare, however, some see competition as a dirty word. Shouldn’t caring for patients be closer to a public service than a commercial enterprise? On some levels, absolutely—but not on every level, suggests David Partridge.

June 27, 2017

Imaging looms large as Minnesota mulls the high cost of low-value care

The Minnesota Department of Health has determined that, in 2014, North Star Staters spent at least $55 million on procedures considered “low value” by Choosing Wisely criteria—and some 92,000 of those procedures were imaging exams.

June 1, 2017

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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