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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House leaders reveal ‘major’ healthcare bill that includes radiologist-opposed Imaging Services Price Transparency Act

The rule would establish a list of “at least 50” shoppable radiology exams for which providers must publicly disclose pricing on their websites.

Philips Headquarters

Philips will pay $479M to settle class-action lawsuit stemming from product recall

The Amsterdam-based imaging industry giant emphasized that the agreement “does not include or constitute any admission of liability, wrongdoing or fault.” 

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Joint Commission’s Ongoing Professional Practice Evaluation process called ‘costly, ineffective and potentially harmful’

Hospitals spent recurring labor costs per provider of about $50.20, extrapolated for a total national cost of roughly $78.54M, experts wrote in JACR

quality imaging appropriateness clinical decision support CAS AUC

GE HealthCare, Mass General Brigham partner to create AI algorithm for improving radiology operations

The Radiology Operations Module optimizes scheduling, reduces costs and frees up providers from time spent on administrative work.

Medicare alternative payment models fee for service value based care

Unavoidability of ‘one-off’ imaging forces radiology to keep one foot in fee-for-service world

Radiology can participate only sporadically in CMS’s current conception of value-based care. Why?

Medicare money payment reimbursement dollar decline george washington

Inflation-adjusted Medicare pay in radiology has decreased by $2.8B since 2005

This occurred during a period when radiologists took on an increasing workload, with relative value units leaping 13.1% during the 16-year study period. 

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Accelerated MRI sequence reduces scan times by one-third while maintaining image quality

This change in clinical practice could increase scanner throughput, leading to decreased costs, patient discomfort and motion artifacts, experts noted. 

Cloud-based collaboration platform Collective Minds Radiology raises $7.6M

The Sweden-based firm plans to accelerate the expansion of its commercial product, which also facilitates education, research and clinical consultation. 

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.