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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Medical device tax suspended for two more years

It was back—and now it’s gone again. For two years, at least. The medical device tax, which went back into effect on Jan. 1, 2018, after being suspended for two years, is now suspended for an additional two years as a part of the deal signed by President Donald Trump on Jan. 22 to end the brief shutdown of the U.S. government.

Are big changes on the horizon for Siemens Healthineers?

Siemens is expected to list a minority of its healthcare division, Siemens Healthineers, in the first half of 2018. The division is looking to cut costs now ahead of the move.

Connecticut country club raises $90K for breast cancer research

A Connecticut-based charity, Play for a Cure, raised $90,000 in funds at the Tumble Brook Country Club for the Susan G. Komen Southern New England foundation.

IRS providing temporary relief for taxpayers making late medical device tax payments

The medical device tax is still alive and well, but the Internal Revenue Service (IRS) provided device manufacturers with some good news this week.

Wisconsin Senate to hear breast density notification bill

The Wisconsin Assembly has approved a bill that would require providers to notify women if they have dense breast tissue.

Oregon imaging center closing in late January

Diagnostic Imaging of Salem in Salem, Oregon, is closing its doors on Jan. 26. 

GE considering breakup after continued issues

General Electric (GE) has experienced a lot of change in recent years, but a much bigger transformation could be on the horizon as a new report indicates the company is considering breaking itself apart.

Senators introduce legislation that would fully repeal medical device tax

Organizations such as the Medical Imaging and Technology Alliance and the Advanced Medical Technology Association have been pushing for Congress to fully repeal the 2.3 percent sales tax on medical devices. Could such action now be on the way?

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Around the web

Cardiovascular Business
Global shortage of nuclear imaging isotopes may be over

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.

Cardiovascular Business
‘A huge win’: CMS significantly increases Medicare payments for cardiac CT

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.

Cardiovascular Business
GE HealthCare moves PET/CT scanner production to United States

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