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.

Seetharam (Ram) Chadalavada, MD, MS, Vice Chair of Radiology – Informatics, University of Cincinnati, UC Health, Associate Professor of Radiology Surgery, and Director of Interventional Radiology Medical Student Education, explains considerations radiology trainees should think about when they negotiate an employment contract.

Key points of contract negotiations for radiology trainees

Rads should learn more about employment negotiations before signing a contract, says Seetharam Chadalavada, MD, vice chair of radiology informatics at the University of Cincinnati.

March 20, 2024
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Radiologists are not adequately disclosing their financial conflicts of interest on social media, study charges

"Physicians should apply the same principles of disclosure that they do to academic publications, conferences and their general practice,” researchers contend. 

March 20, 2024
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Change Healthcare reaches ‘important’ step in resumption of services after cyberattack

To aid in this transition, Change owner UnitedHealth Group has advanced more than $2 billion in payments through multiple initiatives. 

March 18, 2024
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

Proposed class action lawsuit accuses radiology practice of failing to protect patient information

Attorneys allege Eastern Radiologists failed to implement the proper protections that would have kept hackers from capturing nearly 890,000 patients’ data. 

March 18, 2024
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Doctors form new coalition focused on reducing private equity’s role in cardiology, other healthcare specialties

More than 5,000 U.S. physicians joined forces to launch the new group. They say they are focused on limiting private equity's involvement and influence in healthcare. 

March 18, 2024
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Radiology artificial intelligence ROI calculator demonstrates ‘substantial’ benefits at 5-year mark

Researchers built the tool to help imaging leaders quantify comparative costs, estimated revenues and the value of using an AI platform at a U.S. hospital. 

March 18, 2024
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MedPAC recommends ‘woefully inadequate’ pay update for radiologists in 2025

The average physician would receive 3% higher Medicare payments next year following the update, commissioners estimate. 

March 15, 2024
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UnitedHealth earns emergency order to buy radiology provider placed in crisis due to Change cyberattack

The nation’s largest healthcare corporation recently made an offer for the Corvallis Clinic, which has 11 locations across Oregon's Willamette Valley. 

March 15, 2024

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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