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.

Radiology ranks among top 5 highest paid specialties, averaging $427K per year

The figure is nearly 2% higher compared to last year's report from Medscape, but some experts believe the recent global pandemic may change the trend.

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CVD mortality rates highlight ‘widening disparity’ between metro, rural counties in US

Cardiovascular disease (CVD) age-adjusted mortality rates (AAMRs) were higher in rural areas than larger metropolitan areas from 1999 to 2017, according to new research published in JAMA.

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Cigna declines radiologists’ request to waive prior authorization policy until crisis clears

The nation’s fourth largest health insurer recently revealed its decision in a letter sent to American College of Radiology leadership. 

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Radiology business leaders urge suspension of ‘timely filing’ requirements until COVID crisis clears

Practices are typically required to submit payment requests to insurers within 90 to 180 days, however, given widespread economic challenges, industry advocates are asking for a relief from such cumbersome restraints. 

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Imaging volume dipped upward of 60% at Mednax radiology practices in April

A similar drop was seen in the company’s anesthesia division, with leaders estimating a year-over-year revenue decrease of upward of 35%. 

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Gartner: 5 areas ripe for better COVID decision-making through AI in healthcare

The research and advisory firm says these are the areas likely to yield the biggest bang for the AI buck when it comes to making better decisions on how to deal with the pandemic.

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Imaging societies push for passage, changes to bill that would grant radiologists hazard pay

Under the Hazard Pay for the Front Lines During Health Emergencies Act, radiologists, technologists and others would receive 25% in additional salary to help them sustain through the crisis. 

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Radiology provider Mednax unloads troubled anesthesiology division for $50M in cash, plus other considerations

The Florida physician services firm said the deal will allow it to focus on core specialties in imaging, pediatrics and obstetrics.