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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Language processing algorithm 97.6% accurate using clinical data to detect disease symptoms

Researchers have developed a natural language processing algorithm, trained on clinical record data, capable of detecting disease symptoms with high accuracy, according to a study published June 15 in the JMIR Medical Informatics.

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5 ways to close the ‘unacceptable gap’ in cancer care between developed, developing nations

Filling the noticeable gap in quality cancer care between high- and low-income countries is a daunting task, but one that’s worth the effort, a group of experts recently reported in Radiotherapy and Oncology.

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Radiologist sentenced to 10 years in prison, $250K fine for kickback scheme

Radiologist Ronald Grusd, MD, has been sentenced to 10 years in federal prison and ordered to pay a $250,000 fine after being found guilty of fraud and bribery in connection with a detailed kickback scheme back in December 2017.

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Physician compensation tied to patient satisfaction, outcomes

The shift by insurance companies from reimbursement to fee-for-service has impacted the way physicians and practices are receiving compensation. In a recent survey conducted by Merritt Hawkins, researchers noted 25 percent of physicians have “compensation tied to quality and patient experience metrics.”

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NIH shuts down study on moderate drinking and cardiovascular health

The National Institutes of Health (NIH) has shut down a $100 million study designed to settle the question over whether one alcoholic beverage per day is part of a heart-healthy diet.

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US tariffs on Chinese imports include cardiac, medical imaging equipment

A host of medical devices—including imaging equipment, pacemakers and electrocardiographs—are included in the list of Chinese products that will be hit with a 25 percent tariff beginning July 6, the U.S. government announced Friday.

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Trade war of the worlds: US finalizes tariffs on $50B worth of Chinese products, including medical equipment

After months of statements, speculation, trade talks, tweets and threats, the U.S. government has officially put tariffs in place on $50 billion worth of products imported from China, including medical imaging equipment. X-ray, CT and MRI equipment are all on the list of products included in this announcement.

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Trump issues tariffs on $50B in Chinese imports, including medical imaging devices

After multiple threats from President Donald Trump, the Office of the United States Trade Representatives (USTR) announced they will go-forward with 25 percent tariffs on approximately $50 billion worth of Chinese imports—including medical imaging equipment.