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.

Highlights from RBMA's 2024 PaRADigm annual meeting in Las Vegas
Radiology Business Management Association (RBMA) President Christopher Crancer shared some early highlights from the group's 2024 PaRADigm annual meeting in Las Vegas. "We have a very engaged membership," he said.
Radiology and pathology unite to produce $1M in potential revenue enhancements to 1 provider
Physicians with the University of Texas Medical Branch made their case for such an approach at the Radiology Business Management Association’s annual meeting in Las Vegas on Monday.
New CEOs joining Envision Healthcare, Iowa Radiology while top execs exit at GE HealthCare, Flywheel
Jason Owen, MBA, comes to Envision from BlueSprig, a leading provider of applied behavior analysis therapy for children, where he held the same role.
American College of Radiology lays off 11% of its workforce
UPDATED: As part of its drive to balance the budget, ACR also is reviewing “all programs and areas for potential savings," leaders told attendees at the organization's annual meeting.
Radiologists are the 6th highest paid specialists at $498,000
Orthopedists ($558,000), plastic surgeons ($536,000) and cardiologists ($525,000) accounted for the top three, according to new Medscape data.

U.S. News & World Report children’s hospitals cardiology heart surgery

Only 9% of practices list pediatric radiology as a top 3 hiring need, survey finds

The results are from the latest American College of Radiology/Radiology Business Management Association Workforce Survey, published in JACR.

December 13, 2023

60-year-old radiology practice sells its outpatient imaging center business to private equity-backed platform company

Southtowns Radiology said the deal will allow for expansion on the outpatient side while also letting it retain autonomy to operate its private practice.

December 12, 2023

Congressman introduces bipartisan bill to ban electronic fund transfer fees paid by physicians

“Greedy health insurers attempt to scalp doctors and patients every step of the way throughout the care process," said Rep. Greg Murphy, MD.

December 12, 2023

Radiology provider LucidHealth hires former GoHealth Urgent Care exec to oversee imaging center strategy

Kirsten P. Jones will serve as regional VP of imaging centers, championing the company’s development and management of such locations.

December 12, 2023

Video interview with Richard Heller, MD, RSNA Board member, associate chief medical officer for health policy and communications, and national director of pediatric radiology at Radiology Partners, explains the impact of the 2024 Medicare cuts on radiology and what comes next. #RSNA #RSNZA23 #RSNA2023 #CMS #Radiology

Putting US radiology reimbursement cuts in context and what comes next

Richard Heller, MD, a member of the RSNA Board and associate CMO for Rad Partners, explains the impact of the 2024 Medicare cuts and what is at stake.

December 11, 2023

GE, Philips and Siemens among those jumping ship from imaging trade group to unite around newly formed alternative

UPDATED: AdvaMed, the Advanced Medical Technology Association, announced the launch of its Medical Imaging Division on Dec. 11.

December 11, 2023

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

Hospital on the hook for $120M jury verdict after residents miss signs of stroke on CT

“I’ve been a lawyer for 40 years now, and I’ve never heard of a malpractice verdict like this,” the plaintiff attorney said.

December 11, 2023

artificial intelligence regulation legislation

House lawmakers advance bill to blunt radiologist pay cut in 2024

Several MD members of Congress are co-sponsoring the “Physician Fee Schedule Update and Improvements Act."

December 8, 2023

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.

Economics

Highlights from RBMA's 2024 PaRADigm annual meeting in Las Vegas

Radiology and pathology unite to produce $1M in potential revenue enhancements to 1 provider

New CEOs joining Envision Healthcare, Iowa Radiology while top execs exit at GE HealthCare, Flywheel

American College of Radiology lays off 11% of its workforce

Radiologists are the 6th highest paid specialists at $498,000

Around the web