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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Same hospital, same insurer, but imaging prices twice as high for commercial vs. Medicare Advantage plans

When stated in dollar terms, the median price for imaging services was $490 across commercial plans compared to $191 in MA, experts wrote in Health Affairs. 

August 23, 2023

Appeals court revives whistleblower suits alleging unqualified broker made radiology referral decisions

Allstate Insurance Co. first filed the complaints in 2020 against Discovery Radiology Physicians, OneSource Medical Diagnostics and four physicians, alleging insurance fraud. 

August 22, 2023
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Medicare pay for most interventional radiology procedures has declined in recent years

Researchers believe this information underlines the “critical need” for advocacy at a national level among IR professionals. 

August 22, 2023
money business cash flow dollar. Kingsway Financial Services, a Chicago-based holding company with subsidiaries in several industries, has acquired New Jersey-based Digital Diagnostics Imaging (DDI) for $11 million. The transaction was funded with $5.4 million in cash and $5.6 million in debt financing.

S&P downgrades radiology provider Akumin as it faces ‘significant headwinds’

Setbacks have included labor and supply chain challenges, delays in recognizing synergies from its merger with Alliance Healthcare Services and soft patient volumes. 

August 22, 2023

Affiliate of private equity-backed US Radiology Specialists reaches in-network agreement with UnitedHealthcare

Tucson, Arizona-based Radiology Ltd. was set to see its contract with the nation's largest commercial health insurer expire on Aug. 15. 

August 22, 2023

Surging demand prompts school to resurrect long-dormant radiologic technologist program

Midland College discontinued its rad tech offerings more than a decade ago amid declining enrollment and increasing costs.  

August 22, 2023
Twenty-three percent of cardiologists have a net worth of more than $5 million, No. 5 among all specialties, according to a new report. A majority of cardiologists also said they have had no significant financial losses in the last year. What are cardiologists paid? How much do cardiologists make?

Imaging vendor Nanox says it will pay $650,000 in civil penalties to settle SEC investigation

The Israel-based company said it also has entered an agreement to settle a class action lawsuit for another $8 million. 

August 18, 2023
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Vanderbilt Health breaks ground on 6,000-square-foot new imaging facility

The facility is located on a 0.55-acre site in Nashville and plans to offer services including MRI, CT, ultrasound, fluoroscopy, X-ray and mammography. 

August 18, 2023
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Around the web

Cardiovascular Business
Medicare drops AUC requirement for advanced imaging, ASNC celebrates

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

Cardiovascular Business
Cardiology, radiology groups urge insurance provider to rethink imaging policy

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

Cardiovascular Business
Radiology AI company gains FDA clearance for new CT offerings focused on PE, stroke

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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