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.

Philips to move North American headquarters within Massachusetts

Royal Philips announced it will be relocating its North American headquarters in Massachusetts from Andover to Cambridge in 2020. The new location, including a 243,000-square-foot facility, will house 2,000 employees, while 300 ultrasound system manufacturing positions will stay in Andover, according to the Boston Globe.

NFL pledges more than $17M to concussion funding

The National Football League (NFL) has announced it is reallocating more than $17 million to fund concussion- and brain-related research. The funds will go to the Department of Defense, the Transforming Research and Clinical Knowledge in Traumatic Brain Injury (TRACK-TBI) study and the National Institute on Aging.

3 takeaways from a county-level exploration of the US radiologist workforce

Researchers performed a county-level analysis of the U.S. radiologist workforce, breaking down both the overall supply of radiologists in the nation as well as the subspecialization of those radiologists, and published their findings in the Journal of the American College of Radiology.

ACR offering summer internships to underrepresented minority med students

The American College of Radiology (ACR) is partnering with Nth Dimensions, an educational non-profit organization determined to increase diversity, to offer five summer internships in an effort to introduce women and underrepresented minority medical students to radiological specialties.

Thumbnail

A game-changer for radiology? Exploring the economics behind the 2017 MPPR reduction

When Congress passed a $1.1 trillion Omnibus Spending Bill in December 2015, it included a rollback of the professional component (PC) Multiple Procedure Payment Reduction (MPPR) from 25 percent to 5 percent. The reduction was applauded at the time by organizations such as the American College of Radiology (ACR) and has now been in effect since January 2017. So what kind of impact is this policy shift having on radiologists in the U.S.?

Thumbnail

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.

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.

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.

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.