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.

The ASNC team at the 2024 AMA meeting, Georgia Lawrence, JD, ASNC director of regulatory affairs; Suman Tandon, MD, FASNC, delegate to the AMA HOD and cardiac imager at NYU Langone; and Kathy Flood, ASNC CEO. #AMA #AMA24 #AMA2024 #AMAHOD #ASNC

ASNC supports AMA effort to limit use of AI in prior authorization decisions

The American Society of Nuclear Cardiology (ASNC) supports an AMA policy that condemns the use AI to make prior authorization decisions rather than a doctor or clinician.

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Credentialing is burdening small hospitals—and underserved communities pay the price

There is no way to automate the credential check when a hospital hires a new provider, and the process can sometimes take months to do manually. 

Medicare Money dollar payment reimbursement

Radiology Business Management Association offers 5 ways for Congress to fix broken Medicare system

“It is crucial to implement an annual payment update that keeps pace with inflation," RBMA President Bob Still wrote to Senate finance leaders June 14. 

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Senators introduce bill to criminalize private equity ‘looting’ in healthcare

Senators Ed Markey and Elizabeth Warren are co-sponsoring legislation that would put executives in jail if their business practices result in the death of a patient.

Elizabeth Warren

Senators propose bill empowering AGs to claw back ill-gotten profits from private equity-backed providers

Democratic Sens. Ed Markey and Elizabeth Warren introduced the Corporate Crimes Against Health Care Act of 2024 on June 11. 

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Radiology accounts for the 2nd most IDR payment determinations under the No Surprises Act

Emergency medicine services accounted for the majority at 59%, followed by radiology at 14%, according to new data from CMS released Thursday. 

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American College of Radiology asks CMS to create new alternative payment pathway for high-value AI

ACR’s June comments come in response to the 2025 Hospital Inpatient Prospective Payment System rule released by CMS in April. 

There has been a growing shortage of cardiologists the past several years, but this has accelerated due to burnout from the pandemic, falling reimbursements and increasing administrative burdens. This prompted a joint session on this topic with the ACC and the Heart Rhythm Society at HRS 2024, with ACC President Cathie Biga, MSN, FACC, president and CEO of Cardiovascular Management of Illinois, former ACC president Ed Fry, MD, chair of the Ascension National Cardiovascular Service Line, and EP Parin Patel.

Addressing staffing shortages in cardiology

ACC President Cathie Biga, MSN, RN, Edward Fry, MD, and electrophysiologist Parin Patel, MD, discuss the growing cardiologist shortage.