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.

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. 

Sectra unveils figures from 9-month interim report

Medical IT and technology company Sectra announced earnings figures from May 2015 to January 2016 this week while also calling attention to the company’s recent success in KLAS customer service survey.

Report: Canon to acquire Toshiba Medical Systems for more than $6 billion

According to a new report from Tokyo, Toshiba is selling its Toshiba Medical Systems unit to Canon for more than $6 billion. The companies are still working out the exact details of the highly anticipated deal.

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.