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.

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Massachusetts patient awarded $11.5M in radiology malpractice suit

A jury awarded $11.5 million to a woman from Framingham, Massachusetts, in a medical malpractice suit filed against a radiologist in the state, which argued he was negligent in not adequately identifying a heart problem that eventually led to permanent brain damage, according to the Boston Globe.

June 7, 2019

ASTRO voices support for new prior authorization legislation

The American Society for Radiation Oncology (ASTRO) is championing bipartisan legislation introduced Wednesday, June 5, that would reduce prior authorization practices found to delay patient access to necessary cancer treatments.

June 6, 2019
China United States USA trade tariff logistics shipping

Reuters: SEC investigating bribery charges between healthcare companies, Chinese officials

The U.S. Securities and Exchange Commission (SEC) is investigating a handful of healthcare companies over potentially using intermediaries to set up bribes with Chinese government and hospital officials to sell medical equipment, according to reporting by Reuters.

June 5, 2019

President of Ohio radiology company indicted on $2M x-ray billing scheme

The president of Portable Radiology Services in North Canton, Ohio has been indicted for defrauding Medicare and Medicaid of nearly $2 million for billing x-ray services that were never rendered, reported Cleveland 19 News.

June 4, 2019

New president takes over at ISMRM

The International Society for Magnetic Resonance in Medicine (ISMRM) Board of Trustees also introduced the new editor of its Magnetic Resonance in Medicine journal.

May 30, 2019
ACR

ACR names Debra Monticciolo its new president

The American College of Radiology Council also elected its new vice president during the ACR 2019 Annual Meeting in Washington, D.C.

May 21, 2019

Daniel Picus receives ACR’s prestigious Thorwarth Award

Daniel Picus, MD, was named the recipient of the William T. Thorwarth Jr, MD, Award on May 20, during the American College of Radiology’s Annual Meeting in Washington D.C.

May 21, 2019
How radiology should prepare for AUC clinical decision support reporting requirements. CMS to require AUC CDS January 1, 2023.

ACR offers toolkit for referring providers on upcoming AUC mandate

The American College of Radiology has released a toolkit to better explain the Jan. 1, 2020, CMS mandate to referring providers after many members expressed concern about their referring provider’s lack of awareness about the upcoming policy.

May 13, 2019

Around the web

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

SCAI and four other major healthcare organizations signed a joint letter in support of intravascular ultrasound. 

The newly approved AI models are designed to improve the detection of pulmonary embolisms and strokes in patients who undergo CT scans.

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