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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Number Crunch: What Does the Release of Medicare Physician Payment Data Mean for Providers?

In April, long-awaited data on Medicare physician payments were finally made public by the Centers for Medicare & Medicaid Services (CMS). The release contained information on 880,000 physicians and other healthcare providers who took in a total of about $77 billion in payments in 2012.

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RSNA R&E Foundation doles out $3.7M in 2014 grants

The Radiological Society of North American (RSNA) announced that its Research and Education (R&E) Foundation will fund 94 grants totaling $3.6 million in 2014, which is the largest amount ever awarded by the foundation in a single year.

Rad therapy, rad oncology face brunt of cuts in proposed 2015 MPFS

In the Centers for Medicare & Medicaid Services’ (CMS’) 2015 Medicare Physician Fee Schedule (MPFS) proposed rule, 80 codes were identified as “misvalued” by CMS, of which 20 percent pertained to radiology. Overall, however, the proposed 2015 MPFS changes would have the biggest impact on radiation oncology and radiation therapy centers.

Cancer survivors face steep costs

Even after the disease is treated, cancer survivors face high medical costs and are often hindered by a loss in productivity, according to a report from the Centers for Disease Control and Prevention (CDC).

Imaging reagent market to reach $18.5B by 2019

The global medical imaging reagents market will reach an estimated value of $18.5 billion by 2019 based on a projected compound annual growth rate of 8.8 percent, according to a report published by Transparency Market Research.

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Why you don’t want to get an MRI in Richmond

Let’s say you need an MRI of your lower back. How much is that going to cost?

Uncompensated radiology services in ED open door for improved revenue management

Almost half of all uncompensated services by radiologists in the emergency department are provided to patients with insurance, illustrating room for revenue management improvement, according to a study published in the June issue of the Journal of the American College of Radiology. 

AMIC warns against MedPAC’s proposed hospital payment cut for diagnostic imaging services

The Access to Medical Imaging Coalition (AMIC) today said that it opposes the severe hospital outpatient payment reductions for diagnostic imaging services outlined in Medicare Payment Advisory Commission’s (MedPAC) testimony at today’s Energy & Commerce (E&C) Committee hearing. 

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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