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.

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How one radiology department is preparing for the oncoming ‘crisis after the crisis’

Radiologists are currently calculating what it will require to resume routine imaging in a climate that’s vastly different from the one they remember a few months prior.

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COVID-19 pandemic hampers Q1 financial results for imaging giant Philips

The Amsterdam-based corporation, however, has seen a slight uptick in orders for imaging systems during the coronavirus crisis. 

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Vendors hyping AI vs. COVID, but keep eyes open for real results

Sometimes there’s real progress behind the slick pitch.

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IBM formally partnering with expanding healthcare AI company

An AI-championing health-tech company whose name sounds like that of a consumer group has announced a formal partnership with the Big Tech corporation behind the AI-pioneering Watson technology.

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More radiology providers trying coronavirus-only imaging centers to help maintain patient volumes

Penn State Health is one of the latest to continue this trend, opening a COVID-dedicated Radiology Annex at its Hershey Medical Center. 

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AI ‘smart agents’ underutilized in fight against healthcare fraud

Stopping scams before they’re perpetrated, cutting illicit payments and reducing hours spent by staff on such cases are three of the top benefits administrators believe artificial intelligence could deliver to their operations.

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Working remotely during the pandemic? AMA, AHA have cybersecurity help for you

A physician working from home during the COVID-19 crisis may offer cybercriminals a tantalizing target. Taking note of the heightened threat, the AMA and AHA have put together guidance to help foil would-be offenders.

Radiology practices should expect volume decreases as high as 70% for months, experts say

Based on anecdotal evidence and experience at their own institution, two Yale radiology experts believe businesses should expect at least three months of “dramatically reduced imaging revenue.”