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.

NanoMarkets Announces Release of Report, “Markets for Radiation Detection Equipment”

Industry analyst firm NanoMarkets today announced the launch of its newest report of the radiation detection market.  The report titled “Markets for Radiation Detection Equipment” predicts that the radiation detector is projected to grow from $25 billion (USD) in 2013 to $33 billion in 2020.  Despite the gloomy forecasts for the world’s economic engines, most of the markets that employ radiation detection equipment are experiencing and will experience growth above that projected in the macro forecasts.

Healthcare costs top grocery bill for average family

Milliman released its 2013 Milliman Medical Index (MMI) and reported healthcare costs for the typical family of four in the U.S. reached $22,030, a 6.3 increase over 2012. To put the costs in perspective, Milliman noted total healthcare costs are on par with college tuition at an in-state public school.

Attitude adjustment required to bend the cost curve

The lack of price and quality transparency in U.S. healthcare has fueled spiraling costs but has not promoted quality care. A pair of experts proposed a transparency initiative under the Affordable Care Act (ACA) to achieve high quality and cost control. They made the case for their proposal May 27 in Annals of Internal Medicine.

The value imperative

Certain imperatives are occasionally drowned out in the clamor about healthcare spending and funding. Take, for example, the need for improved value. If we could squeeze additional value out of our healthcare spending, the U.S. might mitigate some of its woes. Several studies published this week underscored the point.

ASRT Donates $10,000 for Disaster Relief Efforts

The American Society of Radiologic Technologists will donate $10,000 to the American Red Cross to assist with disaster relief efforts in central Oklahoma following tornadoes there May 19 and 20. The donation is on behalf of the ASRT’s 151,000 members.

Bankruptcy’s bite felt 2-5 times more by cancer patients

Cancer patients are more than twice as likely to file for bankruptcy than people without cancer, according to a study of Washington state patients published in the May issue of Health Affairs.

Onex calls off auction of Carestream Health

Late last month, stories circulated that the list of potential buyers for Carestream Health, which was being auctioned by Onex, was quickly shrinking. Now, reports are the list has gone from shrinking to nonexistent, as Onex has called off the auction.

The $350M question: Does postprostatectomy IMRT deliver?

Use of IMRT to treat prostate cancer, which carries a reimbursement rate approximately 50 percent higher than conformal radiotherapy, skyrocketed from zero in 2000 to 82.1 percent in 2009 among postprostatectomy patients. Despite the swift uptake, IMRT may not provide morbidity benefits among these patients, according to a study published online May 20 in JAMA Internal Medicine.

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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