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.

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

Proposed class action lawsuit accuses radiology practice of failing to protect patient information

Attorneys allege Eastern Radiologists failed to implement the proper protections that would have kept hackers from capturing nearly 890,000 patients’ data. 

March 18, 2024
physician money payments dollars

Doctors form new coalition focused on reducing private equity’s role in cardiology, other healthcare specialties

More than 5,000 U.S. physicians joined forces to launch the new group. They say they are focused on limiting private equity's involvement and influence in healthcare. 

March 18, 2024
artificial intelligence money finance acquisition

Radiology artificial intelligence ROI calculator demonstrates ‘substantial’ benefits at 5-year mark

Researchers built the tool to help imaging leaders quantify comparative costs, estimated revenues and the value of using an AI platform at a U.S. hospital. 

March 18, 2024
Medicare money payment

MedPAC recommends ‘woefully inadequate’ pay update for radiologists in 2025

The average physician would receive 3% higher Medicare payments next year following the update, commissioners estimate. 

March 15, 2024
UnitedHealthcare UHC UnitedHealth

UnitedHealth earns emergency order to buy radiology provider placed in crisis due to Change cyberattack

The nation’s largest healthcare corporation recently made an offer for the Corvallis Clinic, which has 11 locations across Oregon's Willamette Valley. 

March 15, 2024
artificial intelligence AI money brain dollar

American College of Radiology meets with MedPAC to discuss paying for imaging AI

The college said it emphasized that “thoughtful assessment” will be needed to address where artificial intelligence belongs on the Medicare payment schedule. 

March 15, 2024
Jesse M. Ehrenfeld

Physicians criticize insurance lobby’s ‘tone-deaf’ response to Change Healthcare cyberattack

“This approach is particularly galling since service outages have exacerbated the administrative burdens and care delays already associated with" prior authorization, AMA said. 

March 15, 2024
Medical 3D printing expert Summer Decker, PhD, professor and vice chair for research and innovation, and director of 3D clinical applications, University of South Florida (USF) Morsani College of Medicine and Tampa General Hospital, explains what is involved in creating a 3D printiung program in radiology and how it helps patient care.

Pitching the business case for 3D printing labs in radiology

Medical 3D printing expert Summer Decker, PhD, University of South Florida, explains how her lab has helped improve patient care. 

March 14, 2024

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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