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.

Zotec Partners launches new website with unique features, navigation and functionality to optimize user experience

INDIANAPOLIS, IN – (June 8, 2015) – Zotec Partners (Zotec), a leading provider of physician billing and practice management services, is inviting visitors to explore its new company website at www.zotecpartners.com.

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RBMA15: Reading the tea leaves on physician payment

Finding a path into the future is challenging in these times of change and uncertainty, but three Radiology Business Management Association (RBMA) board members did their best to shed light on one of the murkiest topics in radiology today: the future of physician payment.

New Jersey mayor indicted in imaging center kickback scheme

Felix Roque, MD, the mayor of West New York, N.J., has been indicted by a state grand jury on numerous charges related to the “Operation RayScam” radiology kickback scheme. Rogue faces charges of second-degree healthcare claims fraud, second-degree commercial bribery and third-degree running.

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Physicians to see bump in reimbursement payments from Medicare

And now, time for a little good news. All physicians billing to Medicare are receiving a 0.5% increase in the conversion factor used to determine reimbursement payments.

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CMS updates ACO rule, includes third track for savings

A new final rule published by CMS updates the Medicare Shared Savings Program (MSSP) by providing Accountable Care Organizations (ACOs) with a new track for shared saving, more flexibility, and more incentives.

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Top 1% of physicians who billed Medicare last year received 17.5% of payments

The top 1% of all physicians who billed Medicare in 2013—including 240 radiologists—received 17.5% of the federal program’s total payments, according to the Wall Street Journal’s recent analysis of CMS data. That number is up from 16.6% in 2012.  

Infographic maps potential impact of King v. Burwell ruling on 34 states

A Supreme Court ruling on King v. Burwell, a case questioning the constitutionality of federal subsidies found within the Affordable Care Act, is expected by the end of June. An interactive map from the Kaiser Family Foundation shows how a ruling in favor of the plaintiffs could affect the 34 states in which exchanges are run by the federal government.

Commitment to HIE implementation can result in less exams, more savings

The implementation of health information exchange (HIE) platforms can lead to decreases in the number of radiology exams completed by an emergency department (ED) and significant savings, according to research by Brookings Institution fellow Niam Yaraghi.

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.