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.

Hopes in AI running high among healthcare executives

Almost twice as many healthcare leaders anticipate a fairly fast return on their AI investment than had that expectation two years ago—59% now vs. 31% then. And only 5% aren’t currently recruiting workers with skills to help make it happen.

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Physician lawmakers try new approach to shield radiology from millions in Medicare cuts

Bipartisan members of the U.S. House recently introduced their “Holding Providers Harmless from Medicare Cuts During COVID-19 Act.”

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Radiology’s average salary ranks 10th among specialties, with overall physician compensation holding steady

San Francisco-based Doximity surveyed nearly 44,000 U.S. doctors between 2019 and 2020 for its fourth annual Physician Compensation Report.

Hospitals in the crosshairs of bad actors brandishing ransomware

The cybersecurity arm of the Department of Homeland Security is urging hospitals and other healthcare providers to brace for ransomware attacks during the present surge of COVID-19 cases.

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HHS officially delays compliance dates for information-blocking rules

The Office of the National Coordinator for Health IT said the decision was made to give healthcare organizations more flexibility as they respond to the ongoing pandemic.

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81% of practices say revenues still short of pre-pandemic levels, with some on ‘brink’

On average, doc groups are recording a roughly 32% drop in revenue since the pandemic started, according to a new survey. 

Notable FDA approvals of AI* in medical devices: October 2020

*The list also includes virtual reality, augmented reality and 3D printing. Links lead to announcements as sent by the companies.

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ACR addresses anxiety around radiology report access under new information-blocking rules

The American College of Radiology said it has been fielding many similar inquries on whether standard communication practices may violate federal interoperability regulations.