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.

Mississippi man billed $4K for CT after hospital said insurance would cover it

Jimmie Taggart, 59, visited the clinic at North Mississippi Medical Center in West Point for back pain that CT confirmed to be kidney stones. But the real trouble came when he received a $4,051 bill in the mail after the hospital said his insurance would cover the scan.

July 3, 2018
Money

Radiologists totaled $16M in federal political contributions from 2003 to 2016—most went to RADPAC

Self-identified radiologists tallied more than $16 million in political contributions between 2003 and 2016, a Journal of the American College of Radiology study found. The majority of those dollars went to the Radiology Political Action Committee (RADPAC).

June 29, 2018

Radiation oncologists hit Capitol Hill with 4 legislative priorities during advocacy day

Radiation oncologists will head to Capitol Hill Tuesday, June 26, to urge Congress to protect policies that preserve cancer patients' access to high-quality and value-centered care, during the 15th American Society for Radiation Oncology (ASTRO) Advocacy Day.

June 25, 2018
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Radiology departments lose $1M a year due to no-shows

Outpatient no-shows for scheduled imaging exams can cost a radiology department at a standard U.S. academic medical center as much as $1 million in lost revenue per year, according to a study published in Academic Radiology.

June 19, 2018

Trump issues tariffs on $50B in Chinese imports, including medical imaging devices

After multiple threats from President Donald Trump, the Office of the United States Trade Representatives (USTR) announced they will go-forward with 25 percent tariffs on approximately $50 billion worth of Chinese imports—including medical imaging equipment.

June 15, 2018
ACR

ACR urges objectivity in USPSTF lung cancer screening research plan

In a letter to the U.S. Preventative Services Task Force (USPSTF), the American College of Radiology (ACR), the Lung Cancer Alliance and the Society of Thoracic Surgeons urged for objectivity in the upcoming review of the USPSTF’s lung cancer screening recommendations.

June 11, 2018

FDA reclassification proposal could ease approval process for CAD software

The FDA has proposed reclassifying medical image analyzers used in mammography for breast cancer, ultrasound for breast lesions, x-ray for lung nodules and x-ray for dental caries as class II medical devices instead of class III.

June 1, 2018
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Trump: Proposed tariffs on Chinese imports—including medical imaging equipment—are 'back on the table'

President Donald Trump announced on Tuesday, May 29, that proposed tariffs on $50 billion worth of Chinese imported goods, including medical imaging equipment, are back on the table.

May 30, 2018

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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