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.

Virginia-Based Medical Center Radiologists Renews RCM Services Agreement with Zotec Partners

INDIANAPOLIS, IN – (May 4, 2016) – Zotec Partners (Zotec), the industry-leading provider of radiology revenue cycle and practice management services, announces a revenue cycle management (RCM) services renewal with Medical Center Radiologists (MCR), the largest radiology practice in Southeast Virginia, providing radiology services to Hampton Roads for nearly 60 years. In the extended agreement, Zotec will continue to manage the practice’s revenue cycle, improve cash flow and negotiate contracts with carriers.

May 5, 2016

Rose Radiology alleges lawyer helped coordinate whistleblower case

Months after Rose Radiology settled with the federal government for violating the False Claims Act, the Florida-based practice is now saying lawyer Barry Cohen breached attorney-client privilege by helping coordinate one of the whistleblower cases against it.

May 4, 2016

Mallinckrodt releases fiscal year Q2 results

Biopharmaceutical company Mallinckrodt has released its financial results for the second quarter of the 2016 fiscal year, reporting net sales of $918 million, up more than 12 percent compared to last year. 

May 3, 2016

Konica Minolta introduces latest version of SONIMAGE HS1 system

Konica Minolta today announced the release of the latest version of its SONIMAGE HS1 system, adding enhancements and cardiac capabilities to the point-of-care ultrasound solution.

May 2, 2016

Patients, physicians enjoying $5 million in improvements at West Virginia hospital

Patients at Fairmont Regional Medical Center in Fairmont, W.Va., are currently experiencing the benefits of more than $5 million in improvements, including a new MRI scanner and two radiology suites with updated equipment. 

April 28, 2016

Accuray publishes earnings for Q3, updates status of Radixact Treatment Delivery System

Radiation oncology company Accuray has announced its earnings for the third quarter of the 2015/2016 fiscal year, including total revenue of $105.3 million, up 8 percent year-over-year, and a net income of $0.8 million. 

April 27, 2016

MD Anderson Cancer Center signs deal with Elekta

The University of Texas MD Anderson Cancer Center announced this week it has signed a deal with Elekta, a radiation therapy technology company based out of Stockholm, Sweden, to acquire several products and services. 

April 26, 2016

Former employee of Minn. medical device company pleads guilty to ‘theft by swindle’

A former employee of PenRad, a Buffalo, Minn.-based medical device company, has pleaded guilty to 10 counts of “theft by swindle” for stealing more than $900,000 from the company for her own personal use. 

April 26, 2016

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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