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.

Optical Imaging Market to reach $1.9 Billion - 2018 at a 11.37% CAGR - New Report by MarketsandMarkets

According to a new market research report published by MarketsandMarkets, the value of Optical Imaging Technologies Market was $915.75 Million in the year 2012 and is expected to reach $1.9 Billion by 2018, at an estimated CAGR of 11.37% from 2013 to 2018.

After the deluge: MR use rates dip from 2008 peak

After years of growth, the utilization rate for MR exams in the Medicare population fell 3.2 percent between 2008 and 2010, according a study published in the August issue of the Journal of the American College of Radiology.

Healthcare costs growth slows to snail’s pace

The Obama administration hyped healthcare spending rates for the last 12 months, noting that the increase is the lowest in the last 50 years. Hospital readmissions dropped as well, and the growth rate for premiums on employer-sponsored plans was clipped at 3 percent. In addition, price tags on state-sponsored health insurance rates are coming in well below projections in many states. Read more at the link below.

The blame game: MDs say lawyers, insurers responsible for healthcare cost control

A majority of doctors abdicated “major responsibility” for reducing healthcare costs in a physician survey about cost control. They also expressed a lack of enthusiasm for eliminating fee-for-service payment models.

Physician employment ups costs

Physician integration into hospitals as large providers continue to acquire practices could be driving up costs, the opposite effect of what was touted from such arrangements, according to the results of a poll conducted by the American College of Physician Executives (ACPE).

Fuzzy math: ED costs estimates don't add up

Recent research has challenged the American College of Emergency Physicians’ (ACEP) advocacy positions on pricing and costs, revealing emergency department (ED) care to be a larger slice of the overall healthcare spending pie than previously thought, according to an editorial published online July 18 in Annals of Emergency Medicine (AEM).

Hospitals get creative to up patient satisfaction

With $1 billion in payments on the line, hospitals are homing in on patient satisfaction. They are hiring chief patient satisfaction officers and patient navigators and tapping into volunteers to check on patient needs. Other strategies include “yacker trackers” to hush noisy nurses and yoga for patients and staff.

Head spin: Costs for ED dizziness visits hit $4B

A head-turning analysis has estimated annual national costs in the U.S. for patients presenting to the emergency department (ED) with dizziness at $4 billion. CT imaging, which is often ineffective and overused in these cases, accounted for $360 million in costs in 2011.

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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