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.

Business Analytics Fuels Radiology

Business analytics can help administrators pinpoint problem areas to boost service, patient care and efficiency.

CT Service Contracts: Under the Knife?

New CT service contract options offer an enticing source of cost-savings for savvy departments.

HCUP: Inpatient hospital stays feed rising medical costs

Healthcare expenditures in the U.S. are astronomical, and according to a statistical brief by the Healthcare Cost and Utilization Project (HCUP), inpatient hospital costs could be the culprit. In fact, the brief outlined that in 2009 alone there were 39.4 million inpatient stays in U.S. community hospitals, which resulted in a $361.5 billion price tag.

CDW: Health IT professionals confident in budget increase predictions

Among IT decision-makers who believe their IT budgets will increase next year, those working in healthcare are the most confident that theyll have more to spend. Responding to a survey, 53 percent of health IT professionals who presumed budget increases in the next six months also indicated high levels of confidence in their presumptions.

Economists encourage using more therapies like beta-blockers

Using cardiovascular disease as a test bed, two health economists developed a model for categorizing technologies and their impact on healthcare outcomes and costs. Despite successful technologies such as beta-blockers, the overall use of expensive technologies with modest benefits contributed to rising costs, the researchers noted in a paper published by the National Bureau of Economic Research.

KLAS: Wide-bore magnets spark MRI market

Concerns about radiation dose and the introduction of new wide-bore options have reinvigorated the MRI market, according to a report from Orem, Utah-based market researcher KLAS.

RSNA: Hospital rad groups main contributor to bottom line

  CHICAGO—With the spate of recent breakups between hospitals and radiology groups, Vijay Madan Rao, MD, chair of radiology at Thomas Jefferson University Hospital in Philadelphia, explored the causes behind these breakups and offered strategies for radiology groups to communicate their value to hospitals, during a session on Dec. 1 at the 97th Scientific Assembly and Annual Meeting of the Radiological Society of North America (RSNA).

NEJM: Successful integrated networks share same habits

Although its difficult to determine if a high-value healthcare organizations specific tactics will work elsewhere, Harvard Business Schools Richard M.J. Bohmer believes that by emulating the shared habits of successful integrated networks, others can learn how to reliably deliver higher value.

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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