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.

Breast cancer survivors pay 112% more out-of-pocket when diagnosed with lymphedema

Out-of-pocket healthcare costs associated with breast cancer can already be enough to dramatically change a patient’s life. According to a new study published in Supportive Care in Cancer, those costs are even higher for survivors suffering from lymphedema.

Strategic Radiology announces addition of Georgia-based Radiology Associates of Macon

Strategic Radiology announced Thursday, Aug. 23, that Macon, Georgia-based Radiology Associates of Macon has joined its coalition of private radiology practices.

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NEMA urges USTR to ‘minimize collateral damage’ with any additional Chinese tariffs

Kevin J. Cosgriff, president and CEO of the National Electrical Manufacturers Association (NEMA), testified Tuesday, Aug. 21, that NEMA and its member companies hope the Office of the U.S. Trade Representative (USTR) can ensure that any additional tariffs on Chinese products come with specific targets and time limits in place.

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Staff shortages in imaging departments causes stress among existing employees

Planning around staff shortages in radiology might seem like a future inevitability for departmental directors, British researchers wrote in a Radiography study published this month. But employees’ greatest source of psychological stress doesn’t stem from a lack of colleagues—it comes from the uncertainty of a constantly shifting job market.

Study: Cost-effectiveness of cardiovascular drugs varies widely

The publicly available prices of 30 frequently prescribed cardiovascular drugs don’t necessarily correlate to clinical value, according to a new study. Some drugs were both cheaper and more effective than alternatives, while others were more expensive and associated with poorer outcomes.

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Fox Chase Cancer Center receives $673K from U.S. Department of Defense to improve lung cancer screening

Fox Chase Cancer Center, part of the Temple University Health System in Philadelphia, has received a grant for $673,000 from the U.S. Department of Defense to develop an improved method for screening for lung cancer.

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Inspector general: CMS overpaid hospitals by nearly $25M for radiation therapy planning

CMS handed out $25 million more in Medicare payments to hospitals for specific radiation therapy planning services than was appropriate, according to an Office of the Inspector General (OIG) report.

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Googling symptoms may improve patient interactions with physicians

A team of Australian researchers found those who consulted online resources had better interactions, because it led to more informed discussions while not undermining trust in diagnoses and treatment plans. Still, while the activity was generally considered positive, searches could increase patient anxiety.