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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Aidoc expands sales team after gaining FDA clearance for AI system

Aidoc, a Tel-Aviv, Israel-based medical imaging company, announced back in August that it had gained FDA clearance for a new solution that helps radiologists triage patients using artificial intelligence (AI).

ACR seeks congressional support for Medicare coverage of CT colon cancer screening

Roughly 30 U.S. senators and congressional representatives were sought to cosponsor the CT Colonography Screening for Colorectal Cancer Act of 2017—H.R. 1298—at a Capitol Hill briefing on Wednesday, Sept. 12. The meeting was sponsored by the American College of Radiology (ACR) and the Colorectal Cancer Alliance, according to an ACR press release.

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Improved price transparency can save radiology departments revenue, boost patient satisfaction

Providing patients with an accurate estimate of out-of-pocket costs before imaging services take place can decrease lost revenue and increase patient satisfaction, according to a new study published in the Journal of the American College of Radiology.

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Cigna venture fund to invest in innovative healthcare companies

Cigna is launching a venture fund that will be dedicated to investing in companies with innovative and transformative plans for healthcare.

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Medicare spends $400M a year on prostate cancer treatment for elderly men

Despite national guidelines advising against prostate cancer screening in men 70 or older, researchers from the University of North Carolina (UNC) Lineberger Comprehensive Cancer Center found that prostate cancer care for this demographic costs Medicare more than $400 million a year, according to a study published Sept. 13 in JAMA Oncology.

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Medicaid expansion doesn’t improve minority access to complex surgical care

Medicaid expansion under the Affordable Care Act (ACA) failed to improve access to care for minorities and low-income patients with complex surgical needs, researchers reported in the Sept. 13 online edition of the Journal of the American College of Surgeons.

Imaging, urgent care facility opening in Maine mall hopes to lower costs

Central Maine Healthcare (CMH) in Lewiston recently announced plans to open an outpatient care facility inside a mall in southern Maine—offering imaging services and urgent care, according to the Sun Journal. The system believes its model can lower healthcare costs in the region.

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FDA announces ‘historic enforcement actions’ against e-cigarette industry

The FDA is launching “the largest coordinated tobacco compliance effort” in the agency’s history, according to a 3,493-word statement from Commissioner Scott Gottlieb, MD, released on Sept. 12.