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.

IRadimed Corporation announces revenue, net income increases in 4Q 2015

IRadimed Corporation, a Winter Springs, Fla.-based developer and manufacturer of MRI-related products, announced its fourth quarter 2015 financial results this week. 

Mallinckrodt reports earnings, sales growth in Q1

In its first earnings report of the year, Mallinckrodt saw adjusted earnings of $2.09 per share in the first quarter of 2016, an increase of nearly 17 percent year-over-year. Net sales for the quarter were reported at $915 million, up 20 percent from the previous year.

Rose Radiology Centers releases statement after $8.7 million settlement with government

The U.S. Attorney’s Office for the Middle District of Florida recently announced that Tampa, Fla.-based Rose Radiology Centers had agreed to pay $8.71 million to the government to resolve several different allegations. Now, Rose Radiology has issued a prepared statement on the settlement, offering the practice’s perspective on the situation.

NOVACAP invests in Intelerad Medical Systems

Intelerad Medical Systems, a Montreal-based developer of PACS and other software, has received “a significant investment” from NOVACAP, one of the largest private equity firms in Canada.

Rose Radiology Centers agrees to pay more than $8 million after numerous allegations

Rose Radiology Centers has agreed to pay $8.71 million to the government for violating the False Claims Act, the U.S. Attorney’s Office for the Middle District of Florida announced. 

New York radiologist pleads guilty to controlled substance scheme

Radiologist Albert R. Cowie, MD, of Amherst, N.Y., has pleaded guilty to obtaining controlled substances by fraud and healthcare fraud. 

New York radiologist sentenced to 1 year probation for healthcare fraud

Thomas F. Stephenson, MD, the New York radiologist who pleaded guilty to healthcare fraud last year, has been sentenced to one year of probation.

Hologic increases revenue, earnings in Q1

Hologic reported revenue of $695.2 million in Q1 in its first fiscal report of 2016, an increase of 6.5 percent on a reported basis and 8.1 percent on a constant currency basis.

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.