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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Wash U receives $5M grant to research treatment of hard-to-treat breast cancers

Washington University School of Medicine in St. Louis will receive a $5 million grant from the U.S. Department of Defense (DOD) to conduct research on HER2-positive breast cancer.

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Massachusetts patients rack up expensive imaging services, costing the state millions in Medicare

Massachusetts doctors are quick to refer patients for expensive imaging services like MRI and CAT scanning, the Boston Business Journal reported this week—and it cost the federal government an estimated $27 million in 2015.

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Former UPMC radiologist faces $1M fine, 20 years in prison for illegally distributing Vicodin

Former University of Pittsburgh Medical Center (UPMC) radiologist Marios D. Papachristou waived indictment and pleaded guilty May 3 to federal charges of healthcare fraud and illegally distributing controlled substances to non-patients, the U.S. Department of Justice has announced.

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University of Arkansas for Medical Sciences receives gift of $1M for breast cancer research

The Winthrop P. Rockefeller Cancer Institute at the University of Arkansas for Medical Sciences (UAMS) has received a $1 million donation from the estate of Linda Garner Riggs, a former Arkansas insurance commissioner who died in November 2017. The money will be used to fund research into triple negative breast cancer.

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Former health system employee charged with selling stolen medical equipment, including imaging systems

Corey Hollmann, the 44-year-old former head of Melbourne Same Day Surgery Center in Melbourne, Florida, has been charged with selling stolen hospital equipment—including medical monitors, imaging systems and skin-grafting instruments—from the nearby Holmes Regional Medical Center.

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ASRT Foundation, Canon Medical Systems USA now accepting applications for grant program

The American Society of Radiologic Technologists (ASRT) announced Friday, April 27, that the ASRT Foundation and Canon Medical Systems USA are now accepting applications for the 2018 Safety FiRsT grant program, which helps fund projects aimed at giving radiologic technologists a safe work environment.

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Kohl’s announces $1M donation to Susan G. Komen Wisconsin

Kohl’s announced Wednesday, April 25, that it is donating $1 million over two years to Susan G. Komen Wisconsin. This is the latest donation in the ongoing partnership between Kohl’s, based in Menomonee Falls, Wisconsin, and the renowned breast cancer organization.

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5 critical things to know about Scotland’s radiologist shortage

By now, the radiology crisis in Scotland has been well-publicized. A shortage of dozens of certified radiologists in the country prompted a national search in February and is making way for an overhaul of healthcare practices in the U.K.

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.