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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National healthcare spending jumped 9.7% last year, topping $4.1 trillion

Much of the hike was due to a quick upturn in government spending during the pandemic, including the $122B Provider Relief Fund and $53B Paycheck Protection Program.

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Radiology dominates image-guided bone pain relief market, but other specialties present growing threat

Pain management specialists and neurosurgeons have recorded the largest gains in osseous ablation delivery among Medicare beneficiaries, according to new research. 

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RadNet expands on East Coast, Solis Mammography’s execution risk, plus more company news

Also, vRad expands artificial intelligence pact, and practice leaders share their advice for navigating interviews during corporatization talks. 

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American medical and hospital associations file suit over surprise billing provision opposed by radiologists

AMA and AHA attorneys filed the complaint against the Biden administration Thursday in the D.C. district court. 

Empowering radiologists to track referral trends using 'do-it-yourself' business intelligence tools

Info that was previously only privy to operations staff could change rads' behavior, incentivizing them to increase interactions with referrers. 

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Radiology Partners constrained by ‘very high’ financial leverage, execution risk, Moody’s says

The investor service has issued two additional periodic reviews of industry players RadNet and U.S. Radiology Specialists. 

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Medicare spending on diagnostic radiology services fell $890M below expected levels in 2020

COVID-19 has taken a sizable bite out of physicians’ finances, and the AMA is now using such data to convince officials not to further reduce pay. 

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Penn State radiology inks partnership to provide remote reads for fellow Keystone State hospital group

Allegheny Health Network has experienced “significant” growth in patient volumes, with leaders seeking outside assistance to satisfy the demand.

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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.