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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Can self-reported data from patients be trusted? Depends on the outcome

As the saying goes, You can’t always believe what you hear. But when it comes to patients self-reporting health care utilization, just how accurate can people be? A study, published July 30 in the Journal of Medical Internet Research, examined patients’ abilities to recall complications in the 90 days after orthopedic procedures through an automated online patient engagement survey.

Video recording could limit communication breakdowns between physicians, nurses

Memories aren’t the perfect carbon copies of reality many people believe them to be. One person’s interpretation of an event could be quite different from another participant. Researchers hoped to limit communication breakdowns between nurses and physicians by recording video of interactions, so the participants could review and critique them.

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What does it take to perform an optimal cost-effectiveness analysis in radiology?

Performing a cost-effectiveness analysis (CEA) is a crucial part of the decision-making process for any imaging provider. The industry lacks consistency when it comes to exactly how CEAs are carried out, however, which can make their conclusions less reliable.

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FDA approves Abbott’s 14-day continuous glucose monitor

The FDA approved the FreeStyle Libre flash glucose monitoring system, which works for up to 14 days at a time, according to an announcement from device maker Abbott.

Initial ruling by judge sides with Hologic in ongoing patent dispute with Fujifilm

Fujifilm’s Aspire Cristalle breast imaging system violates four patents owned by Hologic, according to the initial ruling on July 26 of U.S. International Trade Commission Judge Clark Cheney.

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Report: Radiologists offered average $371K base salary, rank 5th as most requested medical specialty

National healthcare search and consulting firm Merritt Hawkins released its 2018 Review of Physician and Advanced Practitioner Recruiting Incentives, which listed radiology as the fifth most requested medical specialty searched in fiscal year 2017-2018, up from 10th in the previous year's report.

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MITA backs House repeal of medical device tax, calls for Senate action

The Medical Imaging & Technology Alliance (MITA) voiced its support for the U.S. House of Representative’s vote to repeal the 2.3 percent medical device tax and called on the Senate to follow suit.

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NEMA leadership testifies on potential impact of latest tariffs

The National Electrical Manufacturers Association (NEMA) testified this week in front of the Office of U.S. Trade Representative (USTR) on the potential harm that could result from the U.S. government’s latest round of proposed tariffs on products imported from China.