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.

Montefiore

UnitedHealthcare cuts noted academic system out of network, citing imaging costs 2-3 times local average

An ultrasound exam at Montefiore, for instance, runs roughly $800 more than the average in New York City, while a CT is $2,200 more expensive and an MRI $4,000 pricier, UHC claimed. 

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Nearly 76% of med students graduate with debt: Why radiology residency should include financial training

Medical school and residency coursework should cover everything from investing and the effects of compound interest to contract negotiation and retirement planning, authors wrote in a new editorial.

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CMS has significantly cut interventional radiology reimbursement over the past decade

Out of 20 common IR procedures included in the analysis, only one experienced a pay increase between 2012 and 2020, researched found. 

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Two more big-name players in radiology services reportedly exploring sales

On the heels of Mednax selling its imaging business line to Rad Partners, SimonMed and LucidHealth are also allegedly entertaining offers, according to a recently published report. 

Only 1 healthcare-specific AI startup makes a Forbes top 25

After perusing info on AI startups as compiled by Crunchbase, Forbes senior contributor Louis Columbus has named one “to watch” in 2021 that serves exclusively healthcare.

FDA refines its approach to AI-based software

The FDA’s new Digital Health Center of Excellence has released a document describing how it will henceforth oversee and evaluate software that incorporates AI and machine learning for medical applications.

Mega dollars, major support forthcoming for AI R&D

AI researchers and developers across the U.S. received a powerful if overshadowed shot in the arm on New Year’s Day.

What radiology practices need to know about 2021 CPT coding changes

In particular, the code for low-dose lung cancer screening has been replaced, with financial implications for physicians.