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.

Imaging

Natural language processing helps increase follow-up imaging adherence, resulting in significant revenue

A new paper details how a team at the University of California utilized a hybrid system consisting of a quality coordinator and NLP software to bring in more than $60,000 in additional revenue from follow-up imaging alone.

May 15, 2023
Bankruptcy

Envision bankruptcy could be 1st canary in the physician services coal mine, MD writer contends

The private equity-backed multispecialty group's failure could have "significant ripple effects" on radiology and other specialties, N. Adam Brown, MD, MBA, wrote recently. 

May 15, 2023
Philips Headquarters

Philips will pay $62M to settle allegations of corruption

The accusations pertain to the Amsterdam-based corporation’s sales of diagnostic imaging equipment in China, the SEC announced May 11. 

May 12, 2023
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Radiologists rapidly launch inpatient IR consult service that’s generating tens of thousands in new revenue

Between 2020-2021 (and amid the pandemic), interventional consult volumes climbed 13%, while consult-specific payments leapt by 84%, experts detailed.  

May 12, 2023
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Radiology provider Akumin highlights ‘robust’ growth in PET/CT volumes with no signs of slowing

The Plantation, Florida, company saw volumes from the modality leap 16.1% on a same-store basis when compared to Q1 of 2022, leaders said. 

May 11, 2023
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Solar cell materials could make medical imaging safer, more cost-effective

Not only could the materials reduce patient exposure to ionizing radiation, they also could reduce costs associated with traditional X-ray equipment, according to newly published research in Nature Communications.

May 11, 2023
Healthcare M&A, mergers and acquisitions business deal.

Report: Medtronic, Johnson & Johnson consider Shockwave Medical acquisition after Boston Scientific talks stall

Shockwave Medical has already had a busy, successful 2023—what could be next for the IVL specialists?

May 11, 2023
The long legal saga of Richard Paulus, a Kentucky cardiologist accused of performing unnecessary cardiac procedures, appears to still be going strong in 2022 and might be reviewed by the Supreme Court. The New York state radiologist is facing 36 misdemeanor counts for secret sexual recording without consent, according to a story in the Boston Herald.

1 in 3 physicians sued during career, with radiologists ‘significantly’ more likely to face litigation

Over 40% of radiologists said they’ve been sued during the course of their career, according to new survey data from the American Medical Association. 

May 11, 2023