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.

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RadNet says AI revenues have surged 109% year-over-year, but business line still in the red

Meanwhile, the company's imaging center segment continues to boom, tallying record revenues and earnings in Q2. 

August 9, 2023
Judge bangs gavel

Radiologists, emergency physicians and anesthesiologists jointly praise key court decision

The three medical societies said they "stand ready" to work with the federal government and other stakeholders to ensure a fair IDR process under the No Surprises Act.  

August 9, 2023
UnitedHealthcare UHC UnitedHealth

UnitedHealthcare eliminating prior authorization for more than 60 radiology services

Impacted procedures will include breast MRI with contrast, bone marrow imaging, gastroesophageal reflux studies and cardiac shunt detection, UHC said.

August 8, 2023

Breast radiologists sued more frequently in the US than Canada

Researchers speculated on several reasons why the United States sees more breast imaging-related lawsuits than its neighbor to the north. 

August 8, 2023
Doctors have increasingly been seeing breast exams with swollen lymph nodes imitating cancer in patients who have received a vaccine, prompting Penn Medicine providers to offer up guidance. mammography mammogram breast cancer

Breast cancer overdiagnosis may be common among older women, study contends

The findings point to a "real need for better tools to identify which women may benefit from screening and which breast cancers are unlikely to be progressive." 

August 8, 2023

Judge denies Radiology Partners’ initial request to resolve ‘bogus’ UnitedHealthcare lawsuit via arbitration

The nation's largest commercial insurer recently filed an amended complaint, claiming that RP perpetrated a billing scheme motivated by "pure greed."  

August 7, 2023
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Use of advanced imaging skyrockets in ED, and radiologists should be ready for more

The surge in imaging utilization is independent of increased patient volumes, “suggesting that other extrinsic drivers” contributed, researchers noted. 

August 7, 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

Federal court sides with radiologists, vacating 600% fee increase under No Surprises Act

RBMA called the decision “a significant victory for providers, especially within the field of radiology.” 

August 4, 2023

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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