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.

Patients drive past lower-cost MRI options even after price shopping

The average person passed up six places offering cheaper scans compared to where they ultimately received treatment, but experts say providers and insurers are partially to blame.

Physician practices suffered at the start of the pandemic

Physician spending fell 57% below pre-pandemic levels in April 2020, according to a new report from the American Medical Association that reveals changes in the Medicare program during the first six months of 2020.

money maze payment reimbursement

Check please! AI expansion in radiology hinges on healthcare’s value proposition

Just last year CMS began reimbursing providers for using two algorithms, but experts say the current payment pathways may not entice private groups to follow the government's lead.

Nanox

Nanox in direct contact with FDA reviewers as startup negotiates approval of novel imaging system

The Israel-based firm has been working for months to gain clearance for technology it believes will disrupt radiology with a fresh take on legacy X-ray scans. 

COVID lockdown reopening

Hospital changes operating structure, name of imaging center to reduce patient rates

Hastings Medical Imaging formerly functioned as a hospital department but will now act independently, allowing leaders to adjust costs.

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3 ways to improve healthcare administration and lower costs

Cutting down on administrative costs in the U.S. healthcare industry has become a major focus over the last several years, with billions of dollars in savings to be had from automation and centralizing claims records.

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Cigna urges court to toss radiology provider's lawsuit over $400K in COVID-19 services

The nation's fourth largest commercial insurer says Open MRI and Imaging has failed to provide key information needed to back up its claims, according to a recent report.

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Walmart may be scaling back ambitious plans to expand into imaging and other healthcare services

The Arkansas-based retail giant had hoped to open 4,000 clinics by 2029, offering x-rays and diagnostics, but appears to be pumping the brakes.