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.

American College of Radiology joins legal fight against NIH cuts
ACR joined 10 medical societies filing a “friend of the court” brief in an ongoing lawsuit against the National Institutes of Health, HHS and their leaders.
Eliminating extra fee for 3D mammography bolsters utilization, though disparities persist
Experts believe this new research offers important insights as practices adopt artificial intelligence in breast imaging, often with an extra out-of-pocket fee.
AMA president warns prior authorization hurting patients, driving burnout and practice closures
American Medical Association President Bruce Scott, MD, explains the growing issues with insurance prior authorization impacting patient care and what the AMA is doing about it.
Startup seeking to simplify medical imaging referrals raises $101M
Tennr uses an “enterprise orchestration engine” and series of specialized language models, trained on the nuances of processing documentation against payer criteria.
Led by notable names in radiology, imaging AI firm HOPPR raises nearly $32M
Founded in 2019 and based in Chicago, the vendor offers a “leading” infrastructure platform for building, refining and deploying large-scale AI models in medical imaging.

How a hospital system automated more than 60% of its prior authorization workflows in radiology

IT experts have used a mix of robotic process automation, AI and machine learning to fuel the new PA process.

Radiology Partners added 500 physicians to its roster in 2022, now spans all 50 states

Meanwhile, credit analysts are issuing caution around the California-based practice’s aggressive, debt-fueled growth strategy.

breast radiologist breast cancer mammography

Providers chart uptick in number of breast MRI denials issued by insurers

Among vulnerable women with BRCA1/2 mutations, about 14% never received this vital exam after the rejection, MSK researchers reported.

layoffs staff cuts termination workforce

Medtronic laying off undisclosed number of employees to reduce costs

“These decisions are never easy, and we’re taking great care to treat all impacted employees with dignity and respect," the company told Cardiovascular Business in a statement.

Hospital CEO exits on the rise again

“Companies are undergoing a significant amount of change as they respond to economic challenges, higher costs and talent management issues,” says Andrew Challenger, SVP of Challenger, Gray & Christmas.

Radiology-specific alternative payment model in the works to counter ‘devastating decline’ in reimbursement

The Radiology Business Management Association said it hopes to meet with key members of Congress soon to discuss the proposal.

UnitedHealthcare sues Radiology Partners, claiming it perpetrated scheme in ‘unscrupulous pursuit of profits’

Rad Partners countered, saying the claims are "without merit" and a smokescreen to take attention away from a contract dispute.

Decreasing energy consumption in radiology: How one hospital reduced use and saved big

Energy consumption reduction tactics could decrease greenhouse gas emissions owed to radiology while also saving departments tens of thousands of dollars every year.

Economics

American College of Radiology joins legal fight against NIH cuts

Eliminating extra fee for 3D mammography bolsters utilization, though disparities persist

AMA president warns prior authorization hurting patients, driving burnout and practice closures

Startup seeking to simplify medical imaging referrals raises $101M

Led by notable names in radiology, imaging AI firm HOPPR raises nearly $32M