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.

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Ready for RSNA?

Whether you’re using a pocket-guide to keep track of activities, or keeping your RSNA schedule online, the 100th Annual Meeting of the RSNA is just a turkey away, so it’s time to dig in and finalize your plans. As far as what you might expect to see and hear at RSNA this year, ImagingBiz and radiologybusiness.com will keep you up to date with the latest news and information online. So whether you’ll be in Chicago or monitoring the meeting from home, you can get everything right here. This issue of ImagingBiz brings you information on what will surely be some of the hot topics of this year’s meeting.

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Important provisions of the Protecting Access to Medicare Act of 2014 that warrant radiologists’ attention

Zotec

The flawed Sustainable Growth Rate (SGR) formula is a dark cloud of uncertainty that annually hangs over healthcare practitioners, threatening to trigger the government-mandated double digit cut in reimbursement rates for Medicare beneficiaries. When the temporary SGR patch was extended in April 2014 (for the 17th time), it was the inclusion of the ICD-10 delay that took healthcare by surprise and overshadowed other provisions of the Act. While the ICD-10 delay certainly warrants the attention of healthcare providers, there are other provisions included in the Protecting Access to Medicare Act (PAMA) of 2014 that deserve equal attention so that clinicians can prepare for the impending changes.

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Tomosynthesis: Does it create value for your imaging center?

VMG

Tomosynthesis is a relatively new type of imaging technology that utilizes x-rays to create a 3-dimensional image of the breast and is mainly used to detect and diagnose cancers. Not yet considered the standard in clinical care, most imaging centers still employ conventional digital mammograms as their primary method of detecting breast cancer. Conventional mammograms take x-rays of the breast from different angles to create cross-sectional 2-dimensional images. Imaging centers must decide if replacing existing conventional mammography systems with tomosynthesis makes sense from a clinical and financial perspective. What are some factors that drive this decision making process? Will adding this technology to your imaging center create value for shareholders?

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Kennedy Health-RadNet JV launches Garden State Radiology Network

Last spring three-hospital Kennedy Health System in southern New Jersey and RadNet, the Los Angeles-based network of 250-plus outpatient imaging centers, announced their joint venture. On Nov. 10 the resulting entity—Garden State Radiology Network—officially launched.

RamSoft PowerServer Achieves ONC HIT 2014 Edition Complete EHR Certification from ICSA Labs

RamSoft PowerServer 6.0 has achieved ONC HIT 2014 Edition complete EHR certification, which designates that the software is capable of supporting eligible providers with meeting the Stage 1 and Stage 2 Meaningful Use measures required to qualify for funding under the American Recovery and Reinvestment Act (ARRA).  PowerServer 6.0 was certified on October 10, 2014 by ICSA Labs, an Office of the National Coordinator-Authorized Certification Body (ONC-ACB) and is compliant in accordance with applicable criteria adopted by the Secretary of Health and Human Services (HHS).

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McGinty reacts to MPFS's mixed bag for radiology

CMS chose Halloween to issue a review copy of the 2015 Medicare Physician Fee Schedule (PFS) final rule, foreshadowing a 21.2% reduction in payment rates for all physicians beginning April Fool’s Day, and a few choice tricks for radiology on January 1.

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Time to recharge, learn and share

Three days at RBMA’s Fall Educational Conference in Seattle seemed hardly enough time to attend educational sessions, network with colleagues, share best practices and visit the exhibit hall, but attendees took advantage of every minute to discuss the topics most important to them. From ICD-10 preparations to joint ventures and regional radiology associations, radiology’s business managers were eager to share and learn new ideas from each other.

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vRad expands analytics portfolio with Global Practice Information report

Virtual Radiologic has added a new service aimed at radiology practices that want to know how they’re performing 24/7 in all sorts of clinical and operational activities.

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.