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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FDA aiming to modernize 510(k) process that many radiology devices must go through

The administration also is accepting comments on the draft guidelines and plans to host a webinar on Oct. 26. 

September 11, 2023
Stocks

Akumin’s creditors reportedly lawyer up; radiology provider may face delisting from Nasdaq

Some noteholders to Akumin have organized with debt restructuring law firm Akin Gump Strauss Hauer & Feld, Bloomberg Law reported Sept. 7

September 8, 2023

CMS kick-starts key piece of IDR process under surprise billing law

The federal agency first announced the move Tuesday, noting that it pertains to single and bundled payment disputes submitted on or before Aug. 3. 

September 8, 2023

House leaders reveal ‘major’ healthcare bill that includes radiologist-opposed Imaging Services Price Transparency Act

The rule would establish a list of “at least 50” shoppable radiology exams for which providers must publicly disclose pricing on their websites.

September 8, 2023
Philips Headquarters

Philips will pay $479M to settle class-action lawsuit stemming from product recall

The Amsterdam-based imaging industry giant emphasized that the agreement “does not include or constitute any admission of liability, wrongdoing or fault.” 

September 8, 2023
Money

Joint Commission’s Ongoing Professional Practice Evaluation process called ‘costly, ineffective and potentially harmful’

Hospitals spent recurring labor costs per provider of about $50.20, extrapolated for a total national cost of roughly $78.54M, experts wrote in JACR

September 6, 2023
quality imaging appropriateness clinical decision support CAS AUC

GE HealthCare, Mass General Brigham partner to create AI algorithm for improving radiology operations

The Radiology Operations Module optimizes scheduling, reduces costs and frees up providers from time spent on administrative work.

September 6, 2023
Medicare alternative payment models fee for service value based care

Unavoidability of ‘one-off’ imaging forces radiology to keep one foot in fee-for-service world

Radiology can participate only sporadically in CMS’s current conception of value-based care. Why?

September 1, 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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