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.

Appeals court revives suit alleging radiology practice used nonmedical-grade monitors to submit $6M in false claims

The case dates to June 2019 when whistleblower and Arizona IT executive Eric Stenson first filed suit against Tucson-based Radiology Limited. 

April 30, 2024
Steve MacMillan Hologic

Hologic to acquire rival breast care company for $310M—plus 2 more radiology vendor M&A deals

In other news, West Physics Consulting is acquiring part of Tricord Inc., while radiology appointment scheduling firm CCD Health was recently sold. 

April 30, 2024
breast cancer month ribbon

Momentum builds as Vermont becomes 23rd state to pass legislation bolstering breast imaging reimbursement

Out-of-pocket charges can range from $234 for a diagnostic mammogram to over $1,000 for a breast MRI, according to a recently commissioned study. 

April 29, 2024
doctor's open hand waiting for a payment

‘Concerning’ data connect industry payments to cardiologists with medical device use

U.S. physicians often receive payments from medical device manufacturers and pharmaceutical companies. New research in JAMA found a connection between receiving such payments and using specific devices—should the industry be concerned? 

April 29, 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

Philips settles cases over faulty sleep apnea machines for $1.1B

The litigation stems from a 2023 recall of CPAP machines and ventilators that caused users to inhale pieces of foam during use. The faulty units were linked to at least 561 deaths.

April 29, 2024
Money handcuffs price cost cap

State caps annual healthcare price increases despite opposition from radiologists

Connecticut, Delaware, Massachusetts, Nevada, New Jersey, Oregon, Rhode Island and Washington have already established such healthcare cost growth targets. 

April 29, 2024
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. 

Medicare reimbursement down 29% for cardiologists, 58% for heart surgeons

Physician payments are down slightly across the board, but they've fallen significantly for a handful of specialties. Researchers examined the long-term impact this trend could have on patient care.

April 29, 2024
cyberattack cybersecurity IT

Disruptions to small practices’ operations remain ‘severe and ongoing’ months after Change cyberattack

Owner UnitedHealth had claimed services would be largely restored by late March, but doc groups such as the MGMA claim things are still a mess. 

April 26, 2024