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.

Virginia-Based Medical Center Radiologists Renews RCM Services Agreement with Zotec Partners

INDIANAPOLIS, IN – (May 4, 2016) – Zotec Partners (Zotec), the industry-leading provider of radiology revenue cycle and practice management services, announces a revenue cycle management (RCM) services renewal with Medical Center Radiologists (MCR), the largest radiology practice in Southeast Virginia, providing radiology services to Hampton Roads for nearly 60 years. In the extended agreement, Zotec will continue to manage the practice’s revenue cycle, improve cash flow and negotiate contracts with carriers.

Rose Radiology alleges lawyer helped coordinate whistleblower case

Months after Rose Radiology settled with the federal government for violating the False Claims Act, the Florida-based practice is now saying lawyer Barry Cohen breached attorney-client privilege by helping coordinate one of the whistleblower cases against it.

Mallinckrodt releases fiscal year Q2 results

Biopharmaceutical company Mallinckrodt has released its financial results for the second quarter of the 2016 fiscal year, reporting net sales of $918 million, up more than 12 percent compared to last year. 

Konica Minolta introduces latest version of SONIMAGE HS1 system

Konica Minolta today announced the release of the latest version of its SONIMAGE HS1 system, adding enhancements and cardiac capabilities to the point-of-care ultrasound solution.

Patients, physicians enjoying $5 million in improvements at West Virginia hospital

Patients at Fairmont Regional Medical Center in Fairmont, W.Va., are currently experiencing the benefits of more than $5 million in improvements, including a new MRI scanner and two radiology suites with updated equipment. 

Accuray publishes earnings for Q3, updates status of Radixact Treatment Delivery System

Radiation oncology company Accuray has announced its earnings for the third quarter of the 2015/2016 fiscal year, including total revenue of $105.3 million, up 8 percent year-over-year, and a net income of $0.8 million. 

MD Anderson Cancer Center signs deal with Elekta

The University of Texas MD Anderson Cancer Center announced this week it has signed a deal with Elekta, a radiation therapy technology company based out of Stockholm, Sweden, to acquire several products and services. 

Former employee of Minn. medical device company pleads guilty to ‘theft by swindle’

A former employee of PenRad, a Buffalo, Minn.-based medical device company, has pleaded guilty to 10 counts of “theft by swindle” for stealing more than $900,000 from the company for her own personal use. 

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.