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.

7 ways radiology can avoid undue industry influence

Radiologists are among the specialists least susceptible to lures from industry players angling for an ethically iffy “in” to push more goods and services—a happy fact in this age of Open Payments. But that doesn’t mean rads are immune. With this in mind, three radiologists at the University of Washington in Seattle propose a methodical approach to evaluating new products and managing relationships with vendors.

February 15, 2017

Sooner State rads in trouble for improper duty delegation followed by bad billing

Six radiologists in Oklahoma may face monetary damages and penalties in the millions for having practitioner assistants provide restricted clinical services without radiologist supervision—and then billing CMS as though that base had been covered. Their regional health system may be on the hook too. 

January 24, 2017

Ultrasound systems market to see stable growth to $5 billion by 2023, says GlobalData

The ultrasound systems space, which covers 39 major markets, is set to rise steadily from $4.2 billion in 2016 to $5 billion by 2023, representing a compound annual growth rate (CAGR) of 2.5%, according to research and consulting firm GlobalData.

January 24, 2017

Referral-based specialties charge highest markups over Medicare rates

Diagnostic and interventional radiologists are among the specialists who, on average, charge the highest fees above Medicare rates, according to Johns Hopkins researchers.

January 20, 2017

Hitachi Announces Integration and Expansion of Healthcare Businesses Serving Americas Market

New organization integrates medical imaging businesses with innovation and informatics activities to create new platform for growth

January 19, 2017

Mayo radiology shows how to boost efficiency, cut costs the ‘TDABC’ way

An exemplary radiology department has demonstrated how to apply the innovative business-management technique called “time-driven activity-based costing,” or TDABC, to fix some common and costly workflow inefficiencies in radiology. 

January 13, 2017

Radiologist: One of the best jobs in America

With median annual pay of more than $300,000 and projected 10-year job growth of 15 percent, radiology ranks as one of the best career paths to pursue in the U.S.

January 9, 2017

Chest imaging down despite increasing utilization of CT, CTA

Orders for Medicare-covered chest x-rays have dropped at a faster clip than those for chest CT and CT angiography (CTA) have risen in recent years, leading to a net decrease in overall noncardiac thoracic imaging. Meanwhile, radiologists’ role as the main providers of such imaging continues to help keep self-referral at bay. 

December 6, 2016

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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