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.

Case closed? Catastrophic claims take small bite out of health costs

Malpractice payouts of $1 million or more—so-called catastrophic claims—collectively make up $1.4 billion a year, less than one-tenth of one percent of the total national medical expenditures in the U.S., according to a study published online April 29 in the Journal for Healthcare Quality.

Sequester squeezes oncology practices and their Medicare patients

Headlines about the sequester budget cuts over the last week have focused on airline delays and Federal Aviation Administration furloughs, but the impact of the cuts could be taking a much graver toll on Medicare patients with cancer.

Experts outline path to accountable cancer care

As mounting research points to unsustainable costs in cancer treatments and a lack of clarity in oncology clinical trials, a trio of experts has proposed a new model to attain accountable cancer care—Cancer Care Groups (CCGs)—in a viewpoint published online April 29 in JAMA Internal Medicine.

MDs blast $100K price tag on oncology drugs

As price tags for recently FDA-approved drugs to treat chronic myelogenous leukemia (CML) have soared past the $100, 000 level, a group of more than 100 oncologists have characterized the price tags as “too high and unsustainable,” and argued that prices may impede needy patients’ access to treatment and threaten the sustainability of healthcare systems in an article published online April 25 in Blood.

Potential Carestream buyers dwindle to two bidders

It appears there are just two remaining potential bidders vying for control of Carestream Health, according to a Reuters report.

Image-guided and Robot-assisted Surgery Markets in Western Europe Set for Strong Expansion, says Frost & Sullivan

Image-guided and robot-assisted surgeries have made successful inroads into the western European market. The significant cost and clinical benefits offered by such advanced surgical systems has been key to boosting their adoption rates.

Misdiagnosis malpractice claims carry $1.6B annual price tag

Malpractice claim payouts for diagnostic errors amounted to $38.8 billion between 1986 and 2010, according to a study published online April 22 in BMJ Quality and Safety.

MPPR continues to haunt imaging

The Centers for Medicare and Medicaid Services’ (CMS) focus on multiple-procedure payment reductions (MPPRs) as a way to curb imaging growth is one of radiology's greatest challenges, according to an article published in the April issue of the Journal of the American College of Radiology (JACR).

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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