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.

BioTelemetry to acquire VirtualScopics for more than $15 million

BioTelemetry has entered into a definitive agreement to acquire clinical trial imaging company VirtualScopics for approximately $15.5 million, the companies announced today. 

Q&A: Canon’s Richard Berger on the big Toshiba Medical Systems acquisition

After more than a week of rumors and speculation, Toshiba and Canon both made it official on Thursday: Canon has agreed to purchase Toshiba Medical Systems for more than $6 billion. Richard Berger, Canon’s global PR manager, talked about the deal via email with RadiologyBusiness.com, praising the company’s reputation and looking ahead to the future.

CIVCO announces acquisition of PCI Medical

CIVCO Medical Solutions announced this week it has acquired PCI Medical, a company that specializes in effective disinfection of heat-sensitive medical devices. No exact figures were made public.

Baylis Medical to open new facility with help from Ontario’s government

Baylis Medical, a medical device company with offices throughout the world, has announced plans to invest $32.5 million in a new research and development facility in Mississauga, Ontario, Canada. Part of that investment comes directly from the province of Ontario, which will provide a grant of up to $4.22 million toward the expansion.

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Toshiba makes rumored sale of Toshiba Medical Systems to Canon official

Toshiba has officially announced the sale of its Toshiba Medical Systems unit to Canon for $6.2 billion. A newspaper from Tokyo reported the news last week, but it had not been confirmed until now.

GE holding on to life-science operations

Jeffrey Immelt, GE’s chairman and CEO, has been busy reshaping the company so that it revolves more around heavy industry, but there appear to be no current plans to sell GE’s life-sciences business.

Zotec Partners announces new deal with Toledo Radiological Associates

Zotec Partners, a medical billing and practice management company based out of Indianapolis, has announced a management agreement with Toledo Radiological Associates (TRA), a radiology practice that has been serving Northwest Ohio and Southeast Michigan for almost 90 years. 

Owners of 2 clinics arrested for defrauding Medicaid, providing defective mammography services

The owners of Digital Radiology Center and Medisound in Kissimmee, Fla., have been arrested for allegedly defrauding Medicaid out of more than $180,000 in claims. 

Around the web

Prior to the final proposal’s release, the American College of Radiology reached out to CMS to offer its recommendations on payment rates for five out of the six the new codes.

“Before these CPT codes there was no real acknowledgment of the additional burden borne by the providers who accepted these patients."

The new images were captured at the European Synchrotron Radiation Facility using hierarchical phase-contrast tomography. One specialist called them "Google Earth for the human heart." 

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