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.

Medical device tax returns after 2-year suspension

A 2.3-percent tax on the sale of medical devices officially returned Jan. 1. The tax had been suspended for two years, but that pause ran out when 2017 ended.

January 2, 2018

Concerns over concussions contribute to flag football boom

The work of radiologists and other physicians often makes an impact in unexpected ways. For example, the popularity of flag football is booming throughout the United States, and one significant contributor to that trend appears to be cautious parents who want their children to avoid concussions and other safety issues associated with traditional football.

December 18, 2017

San Diego radiologist found guilty of fraud, bribery

A San Diego federal court ruled that Beverly Hills radiologist Ronald Grusd and his companies, California Imaging Network Medical Group and Willows Consulting Company, are guilty of fraud and bribery in connection with a paid kickback scheme.

December 15, 2017

Radiology Partners secures $695M from Golub Capital, closes Southwest Diagnostic transaction

California-based Radiology Partners has secured a $695 million credit facility from Golub Capital and has also closed its partnership with Southwest Diagnostic Imaging (SDI).

December 15, 2017

iCAD Announces Study Demonstrating Economic and Health Benefits of Intraoperative Radiation Therapy (IORT) for Early-Stage Breast Cancer Treatment

Lifetime cost-effectiveness analysis reveals $630 million annual cost savings, less radiation exposure and better quality of life for patients compared to external beam radiation therapy

December 12, 2017

3 takeaways from exploring 20 years of Medicare Part B medical imaging data

Hoping to gain fresh insight into imaging utilization trends, researchers used the Neiman Imaging Types of Service (NITOS) coding system to study Medicare B Physician Fee Schedule billing data from 1994 to 2013, publishing their results in the American Journal of Roentgenology.

December 11, 2017

Facing looming radiology crisis in UK, Health Secretary plans to hire 500

National Health Service (NHS) Health Secretary Jeremy Hunt in the United Kingdom plans to hire 500 more NHS cancer experts, including radiographers and clinical endoscopists. His plan is to “speed up” cancer diagnosis to ensure patients begin treatment sooner.

December 7, 2017

Q&A: What the 2018 MPFS Final Rule means for radiologists

CMS published the 2018 Medicare Physician Fee Schedule (MPFS) Final Rule in November, leaving healthcare providers with a lot to think about before the holiday season. Tom Greeson, a healthcare lawyer and partner with the firm of Reed Smith, spoke with Radiology Business about what radiologists and radiology practices need to know about the final rule as they make plans for 2018 and beyond.

December 7, 2017

Around the web

"This was an unneeded burden, which was solely adding to the administrative hassles of medicine," said American Society of Nuclear Cardiology President Larry Phillips.

SCAI and four other major healthcare organizations signed a joint letter in support of intravascular ultrasound. 

The newly approved AI models are designed to improve the detection of pulmonary embolisms and strokes in patients who undergo CT scans.

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