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Healthcare Economics

 

As the GOP prepares to take charge of the executive branch of the federal government while maintaining its majority in both legislative chambers, it’s not just healthcare watchers who are wondering if Obamacare may soon be history and nothing but. Much of the country if not the world is watching to find out. And many are wondering: What will Trumpcare really look like?

The costs of imaging services have risen at twice the rate of other health technology sectors such as pharmaceuticals, and they are rapidly approaching 10 percent of total healthcare costs. While imaging has changed medicine for the better, some of the growth can be attributed to inappropriate imaging—costing between $3 billion and $10 billion annually.

With momentum gathering, we conversed with two radiologists for their thoughts on how radiology should suit up for value-based payment.

Contracting with hospitals can be a proverbial minefield for radiology groups, unless you have a strategy for negotiations and some legal guidance. Kenneth Davis Jr., JD, a healthcare attorney, and Lawrence Muroff, MD, CEO of Imaging Consultants, presented both the attorney and radiologist perspectives on exclusive provider agreements at a presentation at RSNA 2016.

If properly addressed, the myriad issues that arise when merging the back offices of two or more practices can result in greater efficiencies and profitability

 

Recent Headlines

Inland Real Estate Acquisitions purchases prominent Alabama radiology clinic

Inland Real Estate Acquisitions headquartered in Oak Brook, Illinois, has purchased the Radiology Clinic in Tuscaloosa, Alabama. 

Out with Obamacare, in with Trumpcare? Radiology thought leaders mull possibilities

As the GOP prepares to take charge of the executive branch of the federal government while maintaining its majority in both legislative chambers, it’s not just healthcare watchers who are wondering if Obamacare may soon be history and nothing but. Much of the country if not the world is watching to find out. And many are wondering: What will Trumpcare really look like?

Significant growth projected for global medical image analysis software by 2021

The medical image analysis software market is expected to see significant growth over the next four years, spurred by changes in demographics and growing economies in developing countries, according to a new report from New York-based Persistence Market Research.

Envision Healthcare purchases Sunshine Radiology, continues consolidation

Envision Healthcare has purchased radiology practice group Sunshine Radiology, which provides radiology services to nine hospitals in the Tampa Bay, Florida, area. Consolidation in radiology is picking up steam due to the increasing demands of quality-based reimbursement and the value provided by economies of scale.

Research shows radiology journal publications have limited articles on patient-centered care

A new study published in the Journal of the American College of Radiology (JACR) found an increase in total articles focused on patient-centered care in radiology, but the number of journals focused on the subject remains limited.

Medical holography market expected to reach $4 billion by 2025

According to Research and Markets, the medical holography market is expected to reach $4 billion by 2025.

U.S. Attorney's office collects $250 million for Florida taxpayers in 2016

The U.S. Attorney’s Office for the Middle District of Florida collected a quarter billion dollars for taxpayers this fiscal year 2016 from high-profile cases involving civil enforcement cases, most alleging radiology and health care fraud.

Carestream Health awarded $571 million from Department of Defense

Carestream Health has won a $571 million contract with the Department of Defense (DOD), with earnings going toward radiology systems, accessories and training.

RSNA 2016: Reasons for wasteful imaging—and how to fix them

The costs of imaging services have risen at twice the rate of other health technology sectors such as pharmaceuticals, and they are rapidly approaching 10 percent of total healthcare costs. While imaging has changed medicine for the better, some of the growth can be attributed to inappropriate imaging—costing between $3 billion and $10 billion annually.

Suiting Up for Value-based Payment

With momentum gathering, we conversed with two radiologists for their thoughts on how radiology should suit up for value-based payment.

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