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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Money matters: Educational intervention boosts rad residents’ financial literacy

By the end of 2016, Americans had accrued a total of $1.31 trillion in student loan debt—and med school grads have done their share with a median debt of $180,000. Considering such an industry-wide burden, researchers from the department of radiology at the University of Colorado in Aurora examined how educational interventions could improve financial literacy among radiology residents.

JACR Op-ed: ER rads need to be heard in tort reform

Emergency radiologists handle a high volume of patients with an expectation of limiting turnaround time for diagnosis. The emergency department also includes many single-encounter patients, with limited medical histories.

Radiology makes an impression as teens get a taste of healthcare work

Radiology is one of the fields on offer to teenagers thinking about medical careers and participating in an introductory program now in its 10th year in Upstate New York.

Breast Cancer Surveillance Consortium receives $17M to study breast screening

Breast Cancer Surveillance Consortium (BCSC)—a research collaboration between several universities, Advocate Health Care and Kaiser Permanente Washington—has received a $17 million grant renewal from the National Cancer Institute to study the effectiveness of digital mammography, digital breast tomosynthesis and breast MRI as breast screening tools.

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Radiology Partners expands presence in Ohio, Iowa, Texas

Radiology Partners (RP) announced this week that it has grown in the states of Ohio, Iowa and Texas. The El Segundo, Calif.-based company’s client base now includes more than 350 facilities in nine states throughout the United States.

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AHRA 2017: Medical necessity review can save imaging practices millions

Pre-authorization can bog down the imaging process but the University of Colorado Hospital in Aurora, CO, has taken ownership of front-end authorization and medical necessity review, saving time and money when compared to outside referral specialists. This in-house review has reduced the time-to-authorization from 5 weeks to under 48 hours, according to Aaron Hackman, Radiology Reimbursement Specialist at University of Colorado Hospital.

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Me, me, me: Exploring the rise of careerism in radiology

Many corporate employees look at each job as a stepping stone to the next, worried more about their next big promotion than actually doing a good job in the first place. This me-first attitude is being found more and more in radiology, according to a new article published in the Journal of the American College of Radiology, and it’s having a negative impact on the industry as a whole.

Stryker expands imaging portfolio with acquisition of fluorescence firm

Stryker Corporation has announced an agreement to acquire NOVADAQ Technologies, a firm specializing in fluorescence imaging technology used in surgery. The $701 million definitive agreement between Stryker and the Greater Toronto-based Novadaq is expected to close at the end of the third quarter.

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.