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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Cardiologist salary update: Compensation jumps to $525K per year, No. 3 among all specialties

In addition, cardiologists average an additional $75,000 per year in incentive-based bonuses. That number is only higher for two other specialties. 

William T. Thorwarth Jr., MD

American College of Radiology lays off 11% of its workforce

UPDATED: As part of its drive to balance the budget, ACR also is reviewing “all programs and areas for potential savings," leaders told attendees at the organization's annual meeting. 

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Radiologists are the 6th highest paid specialists at $498,000

Orthopedists ($558,000), plastic surgeons ($536,000) and cardiologists ($525,000) accounted for the top three, according to new Medscape data. 

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US Senators continue their push for radiologist Medicare pay reform

Lawmakers held a hearing on this topic April 11, titled “Bolstering Chronic Care through Medicare Physician Payment," featuring testimony multiple medical specialty societies. 

Kim Tzoumakas

Private equity-backed radiology provider Rayus partners with AI startup to launch nationwide whole-body MRI offering

Ezra charges $950 to $2,500 for exams of healthy individuals and analyzes them with its FDA-cleared software to diagnose cancer and other conditions.  

Rite Aid closing stores bankruptcy

Recent Rite Aid store closings exceed 200

Right Aid is turning out the lights in 53 more stores across nine states.

Healthcare systems set up at the ACC.24 career fair in hopes of filling open positions, including a large and growing number of general cardiologist positions. Photo by Dave Fornell #ACC24 #ACC2024

The growing shortage or general cardiologists and recruiting crisis in rural America

There is a rapidly growing shortage in general cardiologists and for positions in rural areas, numerous healthcare system recruiters set up at the ACC reported.

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Nearly 80% of physicians now work for hospitals or other corporate entities as private practice dwindles

For the first time, the percentage of practice ownership by PE firms and other corporate entities (30%) surpassed hospitals or health systems' share (28%).