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.

Philips Headquarters

Philips will pay $479M to settle class-action lawsuit stemming from product recall

The Amsterdam-based imaging industry giant emphasized that the agreement “does not include or constitute any admission of liability, wrongdoing or fault.” 

Thumbnail

Joint Commission’s Ongoing Professional Practice Evaluation process called ‘costly, ineffective and potentially harmful’

Hospitals spent recurring labor costs per provider of about $50.20, extrapolated for a total national cost of roughly $78.54M, experts wrote in JACR

Thumbnail

Abbott inks deal to acquire insulin management specialists

Abbott has agreed to acquire Bigfoot Biomedical, a California-based healthcare technology company focused on diabetes care.

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.

Private equity-backed cardiology management group acquires another Florida practice, its 5th of 2023

The Orlando-based management group has expanded its footprint in the Sunshine State yet again.

money maze payment reimbursement

Weight loss drug semaglutide linked to better heart health, but high costs may limit its impact

It could cost more than $1 million just to avoid a single heart attack, stroke or cardiovascular death, researchers wrote. 

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?

Medicare money payment reimbursement dollar decline george washington

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.