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Healthcare Policy & Economics

 

By the end of 2016, Americans had accrued a total of $1.31 trillion in student loan debt—and med school grads have done their share with a median debt of $180,000. Considering such an industry-wide burden, researchers from the department of radiology at the University of Colorado in Aurora examined how educational interventions could improve financial literacy among radiology residents.

More than three-quarters of physician specialties, 77 percent, have enjoyed compensation increases over the past year, and radiology is in that happy mix. Diagnostic rads’ median compensation rose 2.6 percent, from $490,399 in 2016 to $503,225 this year.

Radiology Partners (RP) announced this week that it has grown in the states of Ohio, Iowa and Texas. The El Segundo, Calif.-based company’s client base now includes more than 350 facilities in nine states throughout the United States.

Pre-authorization can bog down the imaging process but the University of Colorado Hospital in Aurora, CO, has taken ownership of front-end authorization and medical necessity review, saving time and money when compared to outside referral specialists. This in-house review has reduced the time-to-authorization from 5 weeks to under 48 hours, according to Aaron Hackman, Radiology Reimbursement Specialist at University of Colorado Hospital.

Many corporate employees look at each job as a stepping stone to the next, worried more about their next big promotion than actually doing a good job in the first place. This me-first attitude is being found more and more in radiology, according to a new article published in the Journal of the American College of Radiology, and it’s having a negative impact on the industry as a whole.

 

Recent Headlines

Washington ultrasound company wins $5.6M in IP suit

On Aug. 17, the U.S. District Court for the Western District of Washington confirmed a final award of more than $5.6 million, issued to Verasonics, in a binding arbitration. The court found Alpinion Medical Systems Company had breached non-disclosure and lease agreements and misappropriated Verasonics’ intellectual property.

Money matters: Educational intervention boosts rad residents’ financial literacy

By the end of 2016, Americans had accrued a total of $1.31 trillion in student loan debt—and med school grads have done their share with a median debt of $180,000. Considering such an industry-wide burden, researchers from the department of radiology at the University of Colorado in Aurora examined how educational interventions could improve financial literacy among radiology residents.

Radiologist compensation continues to rise

More than three-quarters of physician specialties, 77 percent, have enjoyed compensation increases over the past year, and radiology is in that happy mix. Diagnostic rads’ median compensation rose 2.6 percent, from $490,399 in 2016 to $503,225 this year.

Breast Cancer Surveillance Consortium receives $17M to study breast screening

Breast Cancer Surveillance Consortium (BCSC)—a research collaboration between several universities, Advocate Health Care and Kaiser Permanente Washington—has received a $17 million grant renewal from the National Cancer Institute to study the effectiveness of digital mammography, digital breast tomosynthesis and breast MRI as breast screening tools.

Radiology Partners expands presence in Ohio, Iowa, Texas

Radiology Partners (RP) announced this week that it has grown in the states of Ohio, Iowa and Texas. The El Segundo, Calif.-based company’s client base now includes more than 350 facilities in nine states throughout the United States.

AHRA 2017: Medical necessity review can save imaging practices millions

Pre-authorization can bog down the imaging process but the University of Colorado Hospital in Aurora, CO, has taken ownership of front-end authorization and medical necessity review, saving time and money when compared to outside referral specialists. This in-house review has reduced the time-to-authorization from 5 weeks to under 48 hours, according to Aaron Hackman, Radiology Reimbursement Specialist at University of Colorado Hospital.

Me, me, me: Exploring the rise of careerism in radiology

Many corporate employees look at each job as a stepping stone to the next, worried more about their next big promotion than actually doing a good job in the first place. This me-first attitude is being found more and more in radiology, according to a new article published in the Journal of the American College of Radiology, and it’s having a negative impact on the industry as a whole.

Contrast-enhanced digital mammography: a cost-effective substitute for breast MRI?

It’s well established that screening mammography successfully reduces breast cancer incidence and mortality, but in high-risk patients with certain BRCA mutations or dense breasts, other imaging techniques are often used instead. Breast MRI is one modality specialists often turn to in these cases, though it fails to identify calcifications and can be quite expensive to use, and this is where contrast-enhanced digital mammography (CEDM) comes in.

Stryker expands imaging portfolio with acquisition of fluorescence firm

Stryker Corporation has announced an agreement to acquire NOVADAQ Technologies, a firm specializing in fluorescence imaging technology used in surgery. The $701 million definitive agreement between Stryker and the Greater Toronto-based Novadaq is expected to close at the end of the third quarter.

3 radiology takeaways from 2017 physician recruitment report

An annual review of the search assignments conducted by physician recruitment firm Merritt Hawkins revealed an upturn in radiology hiring, among other trends.

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