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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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.

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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.

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Touchstone Medical Imaging to pay $3M federal fine following cybersecurity breach

Touchstone Medical Imaging has agreed to pay a $3 million fine to the Office for Civil Rights (OCR) to settle potential Health Insurance Portability and Accountability (HIPAA) rule violations stemming from a large breach exposing patient health information.

 

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The ACR’s 4 legislative priorities for Capitol Hill Advocacy Day

On May 22, more than 400 American College of Radiology (ACR) members will speak with their elected federal representatives to discuss four legislative priorities as part of Capitol Hill Advocacy Day at the 2019 ACR Annual Meeting.

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American Society of Breast Surgeons release mammography screening guidelines based on individual risk

The American Society of Breast Surgeons (ASBrS) has released new screening mammography guidelines based on a patient’s individual breast cancer risk profile. The American College of Radiology announced their support for the new recommendations.

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Guidelines updated for radiation therapy after prostatectomy

The American Society for Radiation Oncology (ASTRO) and the American Urological Association (AUA) have updated their clinical guidelines for adjuvant and salvage radiotherapy following prostatectomy.

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Genetic testing could cut first year breast cancer costs by $50M

"This study only answers the question about whether, in the first 12 months after diagnosis, costs of gene testing are likely to be offset by savings in avoided costs of chemotherapy—and the answer is yes," wrote authors of a new study published in JNCI.

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What’s the most cost-effective imaging method for diagnosing, monitoring HCC patients?

“Given that health care systems are limited in their financial resources, competing surveillance strategies should be analyzed for their cost-effectiveness," wrote Paulo Henrique Lima and colleagues, in an April 17 study published in the American Journal of Roentgenology.

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.