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.

Medicare money payment physician. The CardioVascular Coalition and Society for Cardiovascular Angiography and Interventions have both issued new statements highlighting their issues with the 2024 MPFS proposed rule. 

Only 3% of radiology groups have responded to crucial AMA survey on practice expenses

“It is critical that radiology participates in this survey effort to provide updated and accurate practice costs that are representative of our specialty," ACR urged.

January 25, 2024
Medical malpractice gavel diagnostic error mistake stethoscope

State lawmakers advance bill that would remove time limits for some medical malpractice suits

Lobbyists for physician groups have testified against the proposal, concerned it could punish providers for not relaying meaningless findings to patients. 

January 25, 2024

Nearly half of patients surveyed believe MRI exposes individuals to ionizing radiation

Another 36% think that both magnetic resonance imaging and computed tomography use the same technology to create diagnostic images. 

January 25, 2024

Hospital to decommission its nuclear medicine department due to lack of use

“We’re getting less and less referrals, and that number is dropping,” Anthony Mitarotondo, MD, director of Stony Brook Radiology, said during a recent public hearing. 

January 25, 2024

Radiology experts develop tool for predicting whether patients will require advanced imaging

The Neiman Imaging Comorbidity Index was created using claims from over 10.5 million individuals covered by a large commercial payer.

January 25, 2024
Phoenix Arizona

RadNet-Dignity Health joint venture acquires 7 imaging centers from Cigna company

Arizona Diagnostic Radiology is buying the Phoenix-area outpatient locations from Evernorth Care Group, the medical practice division of Cigna HealthCare of Arizona. 

January 24, 2024
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

Radiologist to collect $4.6M jury verdict in whistleblower case against former practice

Eden Prairie, Minnesota-based Consulting Radiologists Ltd. allegedly terminated senior staffer Brent Bullis, MD, after he raised patient safety concerns. 

January 24, 2024

HeartFlow’s AI-powered CAD offering receives new CPT code with improved reimbursement rate

For this update to be finalized, the American Medical Association had to determine FFRCT Analysis met certain requirements in terms of its overall impact on patient care. John Farquhar, CEO of HeartFlow, described the news as "a win for everyone involved, most notably patients." 

January 24, 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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