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.

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Radiology society sues Marriott, claiming hotel giant breached contract tied to its annual meeting

The American Roentgen Ray Society is seeking $665,523 in damages along with any related attorneys’ fees, according to the complaint.

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42 imaging journal editors hand in resignation over 'extreme' fees

In the same statement announcing their resignation, the editorial board also detailed plans to start a new nonprofit, open access journal.

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Radiology provider Envision Healthcare considers handing control to creditors in bankruptcy

The multispecialty group—which employs about 500 radiologists—is exploring chapter 11 as it grapples with a heavy debt load. 

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Radiology among 120 medical societies announcing support for ‘broken’ Medicare pay system fix

“Organized medicine is united in support of a long-term payment solution," numerous national and state societies wrote to members of Congress. 

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How a hospital system automated more than 60% of its prior authorization workflows in radiology

IT experts have used a mix of robotic process automation, AI and machine learning to fuel the new PA process. 

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Radiology Partners added 500 physicians to its roster in 2022, now spans all 50 states

Meanwhile, credit analysts are issuing caution around the California-based practice’s aggressive, debt-fueled growth strategy. 

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Providers chart uptick in number of breast MRI denials issued by insurers

Among vulnerable women with BRCA1/2 mutations, about 14% never received this vital exam after the rejection, MSK researchers reported.

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Radiology-specific alternative payment model in the works to counter ‘devastating decline’ in reimbursement

The Radiology Business Management Association said it hopes to meet with key members of Congress soon to discuss the proposal.

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Around the web

Cardiovascular Business
Global shortage of nuclear imaging isotopes may be over

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.

Cardiovascular Business
‘A huge win’: CMS significantly increases Medicare payments for cardiac CT

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.

Cardiovascular Business
GE HealthCare moves PET/CT scanner production to United States

The all-in-one Omni Legend PET/CT scanner is now being manufactured in a new production facility in Waukesha, Wisconsin.