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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Ultrasound maker Butterfly Network trimming $2M in expenses per month amid financial challenges

The Burlington, Massachusetts-based company recorded a net loss of $28.7 million in the second quarter, leaders said Thursday. 

Higher pay in specialties such as diagnostic radiology correlates with lower levels of diversity

Full professors in imaging earned median compensation of about $500,320 between 2015-2022, researchers wrote in JAMA.

Startup scores $30.5M from HHS to develop imaging system for mass-casualty incidents

Rivanna's contract with the federal government also includes an option for another $56.4 million for the ultrasound-based technology. 

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RBMA, ACR, RadNet and Rayus Radiology urge CMS to fix ‘burdensome’ reporting requirement

The groups are concerned that the rule could result in billing errors, inadvertent payment denials and slow claims processing. 

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Lawmakers propose ‘gold card’ program that exempts physicians from prior authorization requirements

Experts said that radiologists, along with others who order imaging, stand to benefit from the bipartisan proposal. 

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Medicare spent upward of $3.8B on low-value imaging and cancer screenings in 1 year: MedPAC

“Imaging for nonspecific low back pain” was listed as the most frequently occurring low-value service, impacting upward of 9.3% of beneficiaries. 

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ACR estimates diagnostic radiology will face 4% Medicare cut, absent congressional action

The college issued a detailed breakdown of the 2024 MPFS, offering insight into the “complex” formula for how much the specialty stands to lose. 

EHR nudge helps health system drop use of unnecessary lumbar X-rays by 53%

Researchers with NYC Health + Hospitals detailed their large-scale quality improvement project in the Journal of the American College of Radiology.

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Around the web

Cardiovascular Business
Global shortage of nuclear imaging isotopes may be over

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.

Cardiovascular Business
‘A huge win’: CMS significantly increases Medicare payments for cardiac CT

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.

Cardiovascular Business
GE HealthCare moves PET/CT scanner production to United States

The all-in-one Omni Legend PET/CT scanner is now being manufactured in a new production facility in Waukesha, Wisconsin.