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.

Talking to a wall? Patients push back on cost-effectiveness

Physicians who introduce the topic of cost into discussions with their patients may find it resembles talking to the proverbial wall. Focus group findings show that public attitudes about healthcare costs must shift significantly for cost to be an explicit factor in clinical decisions, according to an article published in the February issue of Health Affairs. 

Healthcare reform, Daschle to headline rad leadership event

Former Senate Majority and Minority Leader Tom Daschle will provide the keynote address “Getting It Done: What’s Next for Healthcare Reform,” at the American College of Radiology’s (ACR) Radiology Leadership Institute.

Spin doctor: Distorted data common in med journals

Overinterpretation and misreporting of results in diagnostic accuracy studies occurs frequently in journals with high impact factors, which may increase healthcare costs and lead to patient harm. The results of the study were published online Jan. 30 in Radiology. Potential overinterpretation was found in all imaging studies.

Show me the money? Cost transparency does not deter imaging orders

Informing physicians of the exact price of imaging tests at the point of order entry does little to sway utilization of MRI and other common exams, according to a study published online Jan. 2 in the Journal of the American College of Radiology.

Sluggish growth predicted for imaging equipment servicing market

The U.S. market for diagnostic imaging equipment servicing will remain largely flat, with a slow growth rate of half a percent per year expected through 2017, according to a report from Millennium Research Group (MRG).

Surgery delivers lower costs, better outcomes than RT for low-risk prostate cancer

A comprehensive cost-effectiveness analysis for localized prostate cancer revealed small differences in patient outcomes and large differences in payer and patient costs across various prostate cancer treatment options, according to a study published online Dec. 28, 2012, in British Journal of Urology International.

Allstate prevails in $7M radiology fraud suit

Los Angeles County Superior Court is awarding Allstate Insurance Company more than $7 million in a qui tam action filed by the insurer on its behalf and on behalf of the People of the State of California against a Long Beach chiropractor, Daniel H. Dahan, DC, and his business, Progressive Diagnostic Imaging, arising from a scheme to defraud insurance companies.

RSNA: Healthcare consumerism--A force to reckon with

CHICAGO—Radiologists should prepare for an era of increased consumerism in medicine where individuals will drive the market, according to a Nov. 27 presentation at the annual meeting of the Radiological Society of North America (RSNA).

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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