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.

Natural language processing helps increase follow-up imaging adherence, resulting in significant revenue

A new paper details how a team at the University of California utilized a hybrid system consisting of a quality coordinator and NLP software to bring in more than $60,000 in additional revenue from follow-up imaging alone.

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Envision bankruptcy could be 1st canary in the physician services coal mine, MD writer contends

The private equity-backed multispecialty group's failure could have "significant ripple effects" on radiology and other specialties, N. Adam Brown, MD, MBA, wrote recently. 

Philips Headquarters

Philips will pay $62M to settle allegations of corruption

The accusations pertain to the Amsterdam-based corporation’s sales of diagnostic imaging equipment in China, the SEC announced May 11. 

Radiologists rapidly launch inpatient IR consult service that’s generating tens of thousands in new revenue

Between 2020-2021 (and amid the pandemic), interventional consult volumes climbed 13%, while consult-specific payments leapt by 84%, experts detailed.  

Radiology provider Akumin highlights ‘robust’ growth in PET/CT volumes with no signs of slowing

The Plantation, Florida, company saw volumes from the modality leap 16.1% on a same-store basis when compared to Q1 of 2022, leaders said. 

1 in 3 physicians sued during career, with radiologists ‘significantly’ more likely to face litigation

Over 40% of radiologists said they’ve been sued during the course of their career, according to new survey data from the American Medical Association. 

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Radiology data analytics vendor Quinsite raises $5.5M in series A financing

The funds will fuel growth initiatives and expansion in other specialties such as pathology, anesthesiology, orthopedics and emergency medicine. 

Money bankruptcy debt liquidation

Private equity-backed radiology provider Envision Healthcare to file for bankruptcy: Report

The move is expected to wipe out the entire investment of KKR, which first took the publicly traded physician group private in a 2018 $5.5B buyout. 

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.