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.

Use of AI in radiology revenue cycle management
Dave Walker, senior director of revenue cycle, Radiology Associates of North Texas, explains how his practice uses artificial intelligence for revenue cycle management during the Radiology Business Management Association (RBMA) 2024 meeting.
RadNet closes more than $1B debt refinancing transaction
Leaders said previously that the publicly traded imaging provider will use the proceeds to fuel growth in Houston and elsewhere.
Private equity-backed radiology provider Solis Mammography inks joint venture deal with large hospital system
The “nation's largest independent provider of specialized breast health services” is teaming with Northwest Healthcare to expand imaging offerings in the Tucson region.
Private equity bankruptcies in healthcare explode 112% in 5 years
According to the Private Equity Stakeholder Project, 21% of all healthcare bankruptcies in 2023 involved organizations owned by financial firms.
American College of Radiology Council votes to raise membership dues
Active national physician member dues will increase by about $90, with a smaller modification for young rads and medical physicists.

quality imaging appropriateness clinical decision support CAS AUC

GE HealthCare, Mass General Brigham partner to create AI algorithm for improving radiology operations

The Radiology Operations Module optimizes scheduling, reduces costs and frees up providers from time spent on administrative work.

September 6, 2023

Medicare alternative payment models fee for service value based care

Unavoidability of ‘one-off’ imaging forces radiology to keep one foot in fee-for-service world

Radiology can participate only sporadically in CMS’s current conception of value-based care. Why?

September 1, 2023

Medicare money payment reimbursement dollar decline. More than 100 U.S. medical societies are throwing their support behind a new proposal that could reform out-of-date Medicare policies and help limit future payment cuts.

Inflation-adjusted Medicare pay in radiology has decreased by $2.8B since 2005

This occurred during a period when radiologists took on an increasing workload, with relative value units leaping 13.1% during the 16-year study period.

August 31, 2023

Accelerated MRI sequence reduces scan times by one-third while maintaining image quality

This change in clinical practice could increase scanner throughput, leading to decreased costs, patient discomfort and motion artifacts, experts noted.

August 31, 2023

Cloud-based collaboration platform Collective Minds Radiology raises $7.6M

The Sweden-based firm plans to accelerate the expansion of its commercial product, which also facilitates education, research and clinical consultation.

August 30, 2023

American College of Radiology voices concerns around CMS’ approach to bolstering payment for emerging technologies

The federal agency aims to grant seniors more timely and predictable access to innovative new treatment and diagnosis methods.

August 30, 2023

Physician group launches e-consult service for reinterpreting outside imaging exams, generating added revenue

In-house physicians were able to “seamlessly” fit this task into their regular workload, experts detailed in Current Problems in Diagnostic Radiology.

August 29, 2023

Another No Surprises Act win: Qualifying payment amount process was tilted in insurers’ favor, judge rules

“The ruling is a step toward an IDR process that is accessible, fair and efficient,” Jacqueline Bello, chair of the ACR Board of Chancellors, said Monday.

August 29, 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

Use of AI in radiology revenue cycle management

RadNet closes more than $1B debt refinancing transaction

Private equity-backed radiology provider Solis Mammography inks joint venture deal with large hospital system

Private equity bankruptcies in healthcare explode 112% in 5 years

American College of Radiology Council votes to raise membership dues

Around the web