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.

Podcast explores a cancer patient’s quest for low-cost MRIs

In the most recent episode of the Kaiser Health News podcast “An Arm And A Leg,” host Dan Weissmann sits down with a patient living with brain cancer to learn how she shopped around for low cost brain MRIs, ultimately saving hundreds each year.

Vendors, hospital officials anchor corrupt healthcare culture in China

A culture of corruption allows giant companies like General Electric, Siemens, Philips and Toshiba to bribe Chinese government and hospital officials into purchasing expensive medical equipment, including imaging modalities, according to a lengthy piece published by the New York Times.

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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.

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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.

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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.

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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.

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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.

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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.

Around the web

Positron, a New York-based nuclear imaging company, will now provide Upbeat Cardiology Solutions with advanced PET/CT systems and services. 

The nuclear imaging isotope shortage of molybdenum-99 may be over now that the sidelined reactor is restarting. ASNC's president says PET and new SPECT technologies helped cardiac imaging labs better weather the storm.

CMS has more than doubled the CCTA payment rate from $175 to $357.13. The move, expected to have a significant impact on the utilization of cardiac CT, received immediate praise from imaging specialists.