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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U.S. healthcare spending growth slowed last year

Healthcare spending in the U.S. grew by 3.6 percent in 2013, according to a study published in Health Affairs. 

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RSNA: NIH director stresses need for stable funding

CHICAGO—Current biomedical research is tackling a number of major issues and contains myriad opportunities for imaging, but financial concerns loom large as research budgets fail to keep up with inflation, according to National Institutes of Health (NIH) director Francis Collins, MD, PhD, who delivered a special lecture last week at the annual meeting of the Radiological Society of North America (RSNA).

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RSNA: Get prepared for ICD-10

As the International Statistical Classification of Diseases and Related Health Problems (ICD) is set to implement its 10th revision next year, radiologists were urged at a Dec. 1 session at RSNA 2014 to begin planning now to stay ahead of the coming changes.

True costs: Prices vary a wide margin between regions and insurance status

A new crowdsharing site that discloses the true cost for patients of common, and expensive, procedures could pave the way for important dialogue between insurance providers, physicians and the customer/patient.

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Cost cutting: Switch to outpatient MRI services might not bank savings for Medicare

Thanks to reimbursement rate cuts, there’s been an identifiable shift from MR exams performed in private offices to hospital outpatient departments, according to a new study in the Journal of the American College of Radiology published Nov. 15.

Smart shopper: Approaching price transparency in radiology

In terms of consumer transparency, radiology patients do not have access to information that would assist them in choosing a provider based on quality of care or price of services, argued a recent article published in the Journal of the American College of Radiology.

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Educating patients

Part of a provider’s responsibility when caring for patients is to make sure they are well-informed so they can make smart decisions about their own health, and this week we learned about some tools to help in this effort.

Transparent savings: Imaging claims payments drop with use of price transparency platform

Research suggests patients might be thriftier shoppers if given the right tools. When a group of patients used a price transparency platform, it resulted in lowering claims payments for advanced imaging services by more than 13 percent, according to a study published in the Oct. 22/29 issue of JAMA.

Around the web

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.

The newly cleared offering, AutoChamber, was designed with opportunistic screening in mind. It can evaluate many different kinds of CT images, including those originally gathered to screen patients for lung cancer. 

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