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.

Health Care Cost Institute launches cost transparency website

Health-care pricing got a little more transparent this week with the launch of Guroo.com, a website that allows health consumers to compare costs for more than 75 services, many of them involving medical imaging.

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Achieving 2015 goals: Are you ready for ICD-10?

Did you make a new year’s resolution this year? Have you kept it? You may not be alone.

Private practice vs academia: Which makes best use of social media in radiology?

Private practice radiology groups have been earlier—and broader—adopters of social media than their academic counterparts, according to a study published online in the Journal of the American College of Radiology. 

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Health Spending Increases Modestly in 2013, Growth Continues to Decelerate

No one on the business side of radiology is likely to question the key finding from a recent analysis of healthcare spending in 2013: Spending growth decelerated 0.05% in 2013. Spending increased just 3.6%—compared to 4.1% in 2012—to $2.9 trillion, or $9,255 per person.

Lancet: Women informed about risks of overdiagnosis less likely to get mammogram

Women who are informed about the risks of overdiagnosis and overtreatment when it comes to mammography are less likely to undergo a breast cancer screening exam, according to a new study in the journal Lancet.

Do patients really demand unnecessary imaging studies?

While conventional wisdom suggests that patients are responsible for urging their doctors to perform unnecessary tests like imaging studies that inflate healthcare costs, a new study has found that patients really aren’t to blame.

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Get it right the first time: 7 steps to clean claims

Desert Radiologists is a large radiology practice based in Las Vegas, Nevada. The group currently has 65 radiologists providing services in six practice-owned imaging centers as well as 24/7 professional services to 13 hospitals in Nevada, Texas and Oklahoma. These are our top seven tips for avoiding denied claims:

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New survey finds ICD-10 costs lower than previous estimates

A survey by the Professional Association of Health Care Office Management (PAHCOM) has found that the costs associated with implementing ICD-10 in small physician offices is relatively low compared to some previous estimates. The survey results were published in the Journal of AHIMA (American Health Information Management Association). 

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.