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.

Medical Technology Manufacturers Surpass $1 Billion Payment to IRS for Device Tax

The Medical Imaging & Technology Alliance (MITA), the Advanced Medical Technology Association (AdvaMed) and the Medical Device Manufacturers Association (MDMA) today announced that medical device manufacturers have now paid an estimated $1 billion to the Internal Revenue Service for the medical device excise tax.

ICD-10: Time to Board the Train

The Department of Health and Human Services says it will not budge on its October 1, 2014, ICD-10 implementation date.

State of health: U.S. trails other wealthy countries

Between 1990 and 2010, significant improvements were made in U.S. healthcare, with life expectancy at birth and healthy life expectancy increasing alongside drops in all-cause death rates. However, despite these gains, the U.S. is failing to keep up with population health progress in the other Organisation for Economic Co-operation and Development (OECD) countries, according to a report published online July 10 in JAMA.

Time to flatten the healthcare cost curve

Four trends will converge and shape the future of healthcare in the U.S. RAND Corporation Chair in Policy Analysis Arthur Kellerman, MD, outlined the issues—healthcare reform, information asymmetry, cost-sharing and innovation—in a Health Affairs blog.

Imaging per encounter drop preceded reductions in spending, utilization

The accepted narrative on medical imaging says imaging rates peaked in the mid-2000s, but tailed off and began to decline more recently. The percentage of annual medical visits made by Medicare-aged patients that resulted in imaging, however, has been in steady decline since 2003, according to a study published in the July issue of the Journal of the American College of Radiology.

AMA makes it official—obesity epidemic is disease

The American Medical Association House of Delegates voted June 18 to recognize obesity as a disease. The move, which overrode recommendations of AMA’s Council on Science and Public Health, could open the door to improved reimbursement for treatment.

Duo debates $1B P4P dilemma

Two experts outlined the pros and cons of pay for performance in the Wall Street Journal. The article includes a chart placing radiologists at the top of specialist compensation. Meanwhile, noninvasive cardiology showed the highest growth in median compensation from 2002 to 2011.

Medicare spends nearly $1B more on common lab tests than other payers

In 2011, Medicare paid between 18 and 30 percent more than other payers for the top 20 most common lab tests, and could have saved almost $1 billion if it paid providers the lowest rate in each geographic area negotiated by other payers, according to a report from the Department of Health and Human Services’ Office of Inspector General (OIG).

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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