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.

Data Discrepancies Leave Insured at Risk in Georgia

More than 20,000 insured Georgians have until this Friday to provide missing information to their health insurance exchange (HIX) plan or they will lose their coverage on September 30.

September 2, 2014

Insurers to Fund Independent HIE in California with $80 Million

The formation of a new health information exchange was recently announced in California that would make the medical records of nine million patients, representing more than a quarter of the state’s population, available to network physicians and hospitals.

August 22, 2014

Innovative radiology management company helps hospitals grow their radiology business

LAS VEGAS, August 1, 2014 –Current economic factors have created many challenges for hospitals and medical providers, yet one radiology practice is defying the odds.  As Nevada’s largest provider of leading-edge diagnostic and interventional imaging, Las Vegas-based Desert Radiologists has emerged as one of the country’s largest and most successful private radiology practices.

August 12, 2014

Controversy over federal funding for medical training

In an NPR story, some professional societies and associations expressed concern over a new report from the Insitute of Medicine that calls for more accountability in the distribution of funding for medical graduate education. 

August 4, 2014

Cutting reimbursements will cost more in the long run

The current physician piecemeal reimbursement model ultimately drives up the costs of healthcare according to Sandeep Jauhar, MD. In a New York Times editorial he explains that while overutilization is certainly a factor, cutting payments to physicians is a self-defeating strategy, forcing them to increase the number of patients they see, which reduces the amount of time spent with each one. Busy doctors call on others to help with the patient load, often times specialists who may order more tests, driving up costs. "There is no more wasteful entity in medicine than a rushed doctor," says Jauhar.  

July 24, 2014

Progressive Radiology Now Providing Expert Medical Imaging for Chicago Area Patients and Medical Providers

Progressive Radiology, the largest radiologist owned and operated medical imaging practice in the Maryland and Washington, D.C. area today announced its strategic acquisition of five Illinois MRI centers from MIDI, LLC. Progressive Radiology’s acquisition of the Chicago, Crystal Lake, Round Lake, Skokie and Tinley Park centers will benefit Chicago metropolitan area patients as well as referring medical providers, hospitals, universities and professional sports teams. 

July 15, 2014

MGMA takes exception with payor fees for ETF transactions

The Medical Group Management Association expresses its concern about the improper use of virtual credit cards and unreasonable fees charged by payors for electronic funds transfer in a letter addressed to CMS Administrator Marilyn Tavenner.

June 23, 2014

Elsevier Acquires Amirsys, Provider of Healthcare Information Solutions and Content for Radiology, Pathology, and Anatomy

Philadelphia, PA, June 12, 2014 – Elsevier, a world-leading provider of scientific, technical and medical information products and services, announced today the acquisition of Amirsys.

June 12, 2014

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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