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.

Anthem

Imaging centers, hospital system reach agreement with Anthem BCBS in $93M dispute

Bon Secours Mercy Health filed suit Aug. 28, alleging Virginia's largest commercial insurer had denied or downgraded an enormous volume of claims.

October 3, 2023
The Nanox.ARC imaging system

SEC reaches $1M settlement with imaging vendor Nanox over misstated cost of flagship device

The company claimed to investors that it could build the machine for as little as $8,000, ignoring higher alternative estimates provided by internal execs.

October 2, 2023
Former managers of a Tampa Florida-based radiology company Advanced Diagnostic Group (ADG) and its employee stock ownership plan (ESOP) retirement benefit manager GreatBanc Trust Co. will pay $19 million to settle a class action lawsuit. The suit alleges they allowed the ESOP’s value to be diverted to managers, directors and their shell companies and away from employee participants. money gavel court lawsuit legal judge judgement

Jury awards woman $7.6M in breast cancer diagnosis-related malpractice case

The case dates to 2015, when Kentuckian Kimberly Johnson received an erroneous letter from the local hospital stating that she was cancer-free.

October 2, 2023
Cigna, one of the nation’s largest health insurance providers, announced new priorities for its capital deployment, including steering an additional $450 million into Cigna Ventures.

Cigna will pay $172M for allegedly filing false claims that lacked necessary imaging to back diagnosis codes

NPs purportedly would diagnose serious, complex conditions without the necessary medical imaging to reach such conclusions, the Department of Justice said Sept. 30. 

October 2, 2023
Medicare money payment

CMS agrees to broaden MRI pay policy in response to radiology societies’ advocacy campaign

“After back and forth correspondence, and multiple phone calls, we are thrilled to announce that this campaign was successful,” one of the trade groups said. 

September 28, 2023
Jefferson Health

Private equity-backed Solis Mammography, large hospital system ink ‘groundbreaking’ partnership

The Addison, Texas-based imaging group is teaming with Jefferson Health to open more than a dozen new centers in the Philadelphia area. 

September 28, 2023
Lady_Justice

Radiology Partners scores key victory in court battle with UnitedHealthcare

A California federal judge has granted RP's request to compel arbitration in its ongoing dispute with UHC over alleged underpayment. 

September 28, 2023
Medical malpractice gavel diagnostic error mistake stethoscope

Medical malpractice lawsuits in interventional radiology most commonly stem from 2 procedure types

IR providers pay an average of $877,500 when settling such cases prior to a trial, while average jury awards total more than $2 million. 

September 28, 2023

Around the web

"This was an unneeded burden, which was solely adding to the administrative hassles of medicine," said American Society of Nuclear Cardiology President Larry Phillips.

SCAI and four other major healthcare organizations signed a joint letter in support of intravascular ultrasound. 

The newly approved AI models are designed to improve the detection of pulmonary embolisms and strokes in patients who undergo CT scans.

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