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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Cigna declines radiologists’ request to waive prior authorization policy until crisis clears

The nation’s fourth largest health insurer recently revealed its decision in a letter sent to American College of Radiology leadership. 

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Radiology business leaders urge suspension of ‘timely filing’ requirements until COVID crisis clears

Practices are typically required to submit payment requests to insurers within 90 to 180 days, however, given widespread economic challenges, industry advocates are asking for a relief from such cumbersome restraints. 

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Imaging volume dipped upward of 60% at Mednax radiology practices in April

A similar drop was seen in the company’s anesthesia division, with leaders estimating a year-over-year revenue decrease of upward of 35%. 

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Imaging societies push for passage, changes to bill that would grant radiologists hazard pay

Under the Hazard Pay for the Front Lines During Health Emergencies Act, radiologists, technologists and others would receive 25% in additional salary to help them sustain through the crisis. 

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Radiology provider Mednax unloads troubled anesthesiology division for $50M in cash, plus other considerations

The Florida physician services firm said the deal will allow it to focus on core specialties in imaging, pediatrics and obstetrics. 

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4 steps radiology providers can take to return from ‘COVID-19 induced imaging austerity’

Two radiology experts offered tips for any practice to begin these preparations, publishing their thoughts in JACR

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Cancer screenings drop upward of 94% during pandemic, with concerns of lingering sluggishness

Epic recently made this discovery after analyzing data from about 2.7 million patients, treated at 190 hospitals across 23 states. 

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Radiologists ask commercial payers to pause prior authorization as specialty works through ‘enormous’ imaging backlog

The American College of Radiology says physicians are “concerned” about such impediments to resuming routine care, and it's asking for a three-month moratorium. 

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