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.

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

Former radiology group employees settle lawsuit over retirement benefits for $19M

About 180 former employees settled a suit with the former managers and owners of their radiology practice, saying their retirement benefits were mismanaged. 

April 1, 2024
Head and Neck Cancer

Expedited g-tube placement cuts costs and LOS in head and neck cancer patients

There were no statistical differences in overall complication rates between the traditional and expedited groups, but there were marked savings and shorter hospital stays.

April 1, 2024

Portion of patients undergoing CTA for headache or dizziness soars 67% while positivity rate plummets

That’s according to new research out of the Harvey L. Neiman Health Policy Institute, published in Internal and Emergency Medicine.  

March 29, 2024

Radiology Group must pay $3.1M to settle allegations doc ‘rubber-stamped’ reports from India

A physician at the Atlanta-based firm purportedly spent as few as 30 seconds reviewing reports prepared by overseas readers who weren’t permitted to practice medicine nor bill government healthcare programs. 

March 29, 2024
Medicare data stethoscope healthcare trends graphs finance financials

Experts detail how recent Medicare Physician Fee Schedule changes impact radiology

With the recent adjustment, the conversion factor is now 1.77% lower than it was in 2023, at $33.2875, consulting firm Healthcare Administrative Partners notes. 

March 28, 2024
physician money payments dollars

Radiologists collect $392M in payment perks from the imaging industry, far less than other specialists

The figure places radiology 12th on a list of 39 specialties ranked in terms of total amount paid to physicians between 2013 and 2022.

March 28, 2024
Tellica Imaging Intermountain

Hospital giant to expand homegrown outpatient imaging chain that offers flat-rate MR and CT

First launched in 2021, Tellica Imaging has aimed to capitalize on the industry's shift away from hospitals to less costly freestanding sites

March 28, 2024

Radiology groups slam UnitedHealthcare decision they say was inspired by ‘science-harvesting mercenaries’

UHC has labeled an IR service docs have been delivering for 9 years as “unproven and not medically necessary due to insufficient evidence of efficacy." 

March 28, 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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