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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The numbers don’t lie: 4 reasons to be optimistic about radiology’s future

Radiologists have a lot to be excited about in 2018 and beyond. Jim Y. Chen, MD, of the department of radiology at Brigham and Women’s Hospital in Boston, explored some recent statistics in a new commentary published by the Journal of the American College of Radiology, detailing what they mean for the specialty this year and in years ahead.

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Radiology groups consolidate en masse in light of increasing demands, underfunding

With seven of the country’s 20 most prominent radiology practices having completed business deals within the last 18 months, the field is witnessing more efforts to consolidate and conserve resources than perhaps ever before.

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Tariffs on Chinese products could increase annual medical equipment costs by $400M

The escalating trade war between the U.S. government and China could lead to an additional $400 million in medical equipment costs each year, according to a new analysis from the American Action Forum (AAF).

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CMS proposes to pay for telehealth, reduce physicians’ paperwork time

CMS proposed several changes to its Medicare billing standards July 12, including paying doctors for virtual visits and alleviating some of their administrative burden.

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‘Name your price’ tool brings affordable imaging to underinsured

New York-based healthcare startup Medmo may upend the imaging market with its new platform that allows consumers to name their own price for medical imaging tests such as MRIs or CT scans.

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No more surprise billing? Startup lets patients name their own prices for imaging services

A new healthcare startup, New York City-based Medmo, has launched a platform that allows patients to name their own price for various imaging services, including MRIs and CT scans.

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Recall issued for antihypertensive drug over cancer concerns

Valsartan, a common drug used to control hypertension and heart failure, is being recalled in 22 counties due to concerns its active pharmaceutical ingredient, N-Nitrosodimethylamine (NDMA), a known carcinogen, poses a cancer risk.

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RSNA Research & Education Foundation will award $4M in grants in 2018

The Radiological Society of North America (RSNA) Research and Education (R&E) Foundation will award $4 million in radiology research and education grants this year, spanning 54 different institutions.