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 malpractice gavel diagnostic error mistake stethoscope

Jury awards woman $7M after radiologist misread leaves her blind at age 23

The case dates to November 2020 when Allison Mitchell was admitted at Saint Vincent Hospital for a headache that led to her losing consciousness.

Matthew Roden, PhD, president and CEO of Aktis Oncology

Radiopharmaceutical firm Aktis Oncology raises $175M in Series B financing

The Boston clinical stage biotechnology company is working to develop new products to treat a range of solid tumors. 

sectra

Sectra earns $353M enterprise imaging contract amid legal challenge

Quebec-headquartered imaging solutions provider Christie Innomed is fighting the deal in court, claiming the bidding process was unfair. 

congress money medicare washington DC senate house

Physician lawmakers urge Congress to pass Medicare pay fix before year’s end

Specialty societies such as the American College of Radiology are asking lawmakers to reform the federal payment program to end years of negative updates. 

Mendaera Founder and CEO Josh DeFonzo

Startup aiming to bring robotics into interventional radiology raises $73M

The Silicon Valley-based startup is working to commercialize a handheld platform that incorporates robotics, artificial intelligence, imaging and virtual connectivity. 

money maze payment reimbursement

Strategic Radiology shares concern about inconsistencies in MAC payment determinations

Providers have reported issues with one Medicare Administrative Contractor covering PET scans, for example, with reimbursement falling significantly below the expense. 

nonclinical augmented intelligence american medical association

Radiology societies advocate for CPT code changes

ACR and others did so as part of the recently held 2024 September American Medical Association CPT Editorial Panel meeting. 

knee x-ray

Which interventional radiology procedure is most cost-effective for treating knee osteoarthritis?

OA impacts more than 595M people worldwide and produces $80B in healthcare costs in the U.S. alone, experts detailed in the American Journal of Roentgenology.  

Around the web

After reviewing years of data from its clinic, one institution discovered that issues with implant data integrity frequently put patients at risk. 

Prior to the final proposal’s release, the American College of Radiology reached out to CMS to offer its recommendations on payment rates for five out of the six the new codes.

“Before these CPT codes there was no real acknowledgment of the additional burden borne by the providers who accepted these patients."

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