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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Radiology practices struggling to make payroll during pandemic may have help, ACR says

Imaging businesses that are having a hard time covering costs amid widespread drops in patient visits may have a lifeline, thanks to recently passed legislation. 

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2 plane crashes, 5 warning points for AI-eager radiology

Two radiologists reflect on what went wrong AI-wise with the Boeing 737 MAX, outlining potential parallels between aviation and their specialty. 

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Healthcare AI startup closes $51M funding round

Venture capital firm General Catalyst and other investors are sinking $51 million into Columbus, Ohio-based Olive with the aim of growing the AI startup’s capacity for automating administrative processes in healthcare.

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CMS speeds up radiologist payment to calm cash flow concerns during pandemic

The advanced and accelerated payment offering applies to all docs who accept Medicare, and is part of the recently signed CARES Act. 

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A splash of cold water for those banking on AI to kill the coronavirus

The tech sector is abuzz with high hopes in AI’s potential to help the world beat back COVID-19. A veteran writer who’s been on the high-tech beat for years offers a reality check.

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ACR ‘pleased’ with $2T coronavirus relief act, awaits further guidance for beleaguered radiology practices

In a statement sent to Radiology Business, the college said it looks forward to “swift regulatory action” that will spell out how imaging practices and hospitals can apply for relief.

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Radiology practice stages turf war, using CON law to block rival’s expansion plans

The stakes are high in the fight, with estimates that the Bloomfield, Connecticut, practice could rake in upward of $2 million annually with the addition. 

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Mednax sees ‘meaningful’ decline in radiology volume during pandemic, revises revenue forecasts

The Florida-based company said that imaging orders are falling short of past historical levels, with much of the reduction tied to nonurgent care.