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.

Richard Heller, MD, RSNA Board member, associate chief medical officer for health policy and communications, and national director of pediatric radiology at Radiology Partners, explains some insurance companies are trying to take advantage of the No Surprises Billing Act by telling radiology practices they need to accept lower rates to remain part of the providers in-network.

Radiologists urged to report insurance companies forcing lower reimbursements due to No Surprises Act

Some payers are taking advantage of the NSA by forcing practices to accept lower rates to remain in-network, says Rad Partners' Richard Heller, MD. 

January 18, 2024
business man storm rain crisis

Health systems to face an additional $1.6 trillion climate change burden

Droughts, floods and the spread of disease will require healthcare systems to focus on innovative ways to prepare -- and recover.

January 17, 2024
durbin-ama-opioid. The American College of Cardiology (ACC) and American Heart Association (AHA) have published new guidelines focused on the diagnosis, treatment and management of patients with chronic coronary disease (CCD).

FDA clears mass importing of Canadian drugs

Floridas program is the first to get official approval in an effort to reduce drug costs.

January 16, 2024
Video interview with Radiology Business Management Association (RBMA) President Kit Crancer, and executive director of the Rayus Quality Institute, where he said the lack of federal policy on insurance coverage for diagnostic breast exams as opposed to screening exams

State legislation addresses gaps in breast imaging coverage, ensures affordable diagnostic exams

RBMA President Kit Crancer said a lack of federal policy has driven 20 states to adopt laws requiring that insurance cover the costs. 

January 11, 2024
boston scientific acquires axonics

$3.7B acquisition shakes up urology business

Boston Scientific Corp. is purchasing Axonics in a move the buyer says will allow it to pursue a ripe segment of the urology market. 

January 8, 2024
Video of Geraldine McGinty, MD, MBA, Senior Associate Dean for Clinical Affairs, Professor of Clinical Radiology and Population Health Sciences, Weill Cornell Medicine, offering tips to retain radiologists. #greatresignation #ACR #RSNA #radiology

Improving recruitment and retention in radiology

Geraldine McGinty, MD, Weill Cornell Medicine, explains how practices can retain radiologists during the Great Resignation in healthcare.

January 5, 2024
hospital price transparency

US healthcare enters 2024 with transparency momentum to build on

Both providers and payers upped their game on price transparency in 2023.

January 5, 2024
Hackensack Meridian Health, New Jersey’s largest health network, recently announced it has signed a definitive agreement with Complete Care to acquire a majority of its long-term care facilities. 

Falls, infections much more likely among Medicare patients treated at private equity-owned hospitals

Private equity is becoming more and more influential in many healthcare specialties, including cardiology. This has prompted increased speculation about the impact such investments may have on patient outcomes.

January 3, 2024

Around the web

The Society for Cardiovascular Angiography & Interventions and Society of Thoracic Surgeons have both shared statements in support of the ban, which is already being challenged in court. The American Hospital Association, meanwhile, opposes the policy shift, saying it “errs by seeking to create a one-size-fits-all rule”

Alison Bailey, MD, co-chair of the business of cardiology sessions at ACC.24, emphasized that reimbursement cuts can have a long-term negative impact on patient. 

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

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