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.

Overuse of knee and shoulder MRI proves costly

Skyrocketing use of MRI for knee and shoulder pain often ignores guidelines and adds millions of dollars to medical costs, according to a study published July 30 in the Journal of the American College of Radiology.

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Imaging costs not cut in states with tort reform

Imaging costs did not drop in states that passed tort reform limiting the amount paid for non-economic damages (NED) in medical malpractice lawsuits, according to a study published in the August issue of the Journal of the American College of Radiology.

Steering patients to low-cost providers triggers MRI price cuts

Steering patients away from hospitals to lower-cost MRI facilities decreased costs by 18.7 percent and triggered provider price cuts, according to a recent study of price transparency efforts.

Tracking MRI cost in the Bay Area

It’s no secret that the cost of imaging varies widely across the country and even within communities. Now, a Northern California public media outlet is asking its audience to help track MRI prices.

Cerner to acquire Siemens Health Services in $1.3B deal

Cerner Corporation has signed a definitive agreement to acquire Siemens Health Services, the health information technology business unit of Siemens AG, for $1.3 billion in cash.

Political funds stacked against radiologists running for office

The American College of Radiology Association PAC is directing funds to the Tennessee and Kansas Republican primary races. The twist? The money is going to be used against radiologists running for office.

Another take on the cost of imaging

It’s no secret that radiology has been in the crosshairs of policymakers aiming to cut healthcare costs. The Fiscal Times took a stab at summing up the main drivers in imaging costs—and how to bring those costs down—in a recent article.

Diagnostic imaging market to surpass $27B globally by 2018

The worldwide diagnostic imaging market is expected to grow at a compound annual growth rate of 4.7 percent from 2013 to 2018, putting it at $27.1 billion by 2018, according to research firm MarketsAndMarkets.

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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