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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‘Name your price’ tool brings affordable imaging to underinsured

New York-based healthcare startup Medmo may upend the imaging market with its new platform that allows consumers to name their own price for medical imaging tests such as MRIs or CT scans.

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RSNA Research & Education Foundation will award $4M in grants in 2018

The Radiological Society of North America (RSNA) Research and Education (R&E) Foundation will award $4 million in radiology research and education grants this year, spanning 54 different institutions.

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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.

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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).

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.

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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.

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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.

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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.

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.