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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7 more arrested in connection with N.J. imaging center referral kickback allegations

Seven medical practitioners—six physicians and one chiropractor—were the latest to be arrested in connection with a kickback scheme in which money allegedly traded hands in exchange for referrals to an imaging practice serving northern and central New Jersey.

Rising use of cardiac stress tests with imaging racks up $500M in excess costs

Utilization of cardiac stress tests with imaging has been rising over the past 20 years, with more than one-third of such tests likely to be inappropriate, according to a study published in the Oct. 7 issue of Annals of Internal Medicine. These inappropriate tests were associated with annual costs of more than $500 million.

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The ACA effect

The Affordable Care Act (ACA) and its ramifications loomed large in headlines this week, with the Obama administration crowing about the money the reform bill will save. Meanwhile, one radiologist published an editorial pointing out that one of the promised side benefits of the ACA may not actually materialize.

MITA, AdvaMed and MDMA support continued bipartisan efforts to repeal the device tax

The Medical Imaging & Technology Alliance (MITA), Advanced Medical Technology Association (AdvaMed) and the Medical Device Manufacturers Association (MDMA) today announced their collective support for the continued bipartisan efforts to repeal the 2.3 percent medical device excise tax.

European US market to approach $1.7B by 2019

The European ultrasound market is growing as providers are attracted to the versatile, radiation-free modality, and earned revenues are projected to grow by more than 20 percent from 2013 to 2019, according to market research and consulting firm Frost & Sullivan.

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Cutting back on $12B in unnecessary imaging

It’s no secret that some portion of medical imaging performed each year is unnecessary. The question is how much and, maybe more importantly, what can be done about it?

Radiologist compensation back on the rise

Radiologists are among the highest paid physicians, with compensation increasing for interventional and non-interventional radiologists over the last year, according to the annual Medical Group Compensation and Financial Survey from the American Medical Group Association.

Medical imaging technology industry generates $3B in economic activity for Washington state

A report commissioned by the Medical Imaging & Technology Alliance shows the medical imaging technology industry supports an estimated 12,124 jobs in the state of Washington and generates approximately $3.1 billion in total economic activity.

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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