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.

Money

Radiologist pay hits $437,000, good for 8th place among highest earning physician specialists

This marks the 1st time in the survey’s 11-year history that physicians across all areas of expertise earned a pay increase, including radiologists, who gained 6%, Medscape reported Friday.  

April 15, 2022
New York Albany capitol building. New York state has granted nurse practitioners full practice authority, despite opposition from radiologists and other physician groups.

New York grants nurse practitioners full practice authority, despite radiologist opposition

The move allows Empire State NPs to order and interpret diagnostic tests without requiring a written practice agreement from a physician. 

April 14, 2022
Ranna Parekh, MD, is the diversity and inclusion officer at the American College of Cardiology (ACC) and will soon switch to that role at MD Anderson Cancer Center.

MD Anderson appointed a chief diversity, equity and inclusion officer

The University of Texas MD Anderson Cancer Center has hired Ranna Parekh, MD, as its chief diversity, equity and inclusion officer (CDEIO), who currently serves as the inaugural chief diversity and inclusion officer at American College of Cardiology (ACC) .

April 14, 2022
The Mount Sinai Hospital has announced the completion of a $70 million full renovation of its children’s emergency department (ED), and a newly redesigned area for walk-in, low-acuity adult patients.

Newly Designed Children’s Emergency Department Opens at The Mount Sinai Hospital

The Mount Sinai Hospital has announced the completion of a $70 million full renovation of its children’s emergency department (ED), and a newly redesigned area for walk-in, low-acuity adult patients.

April 14, 2022
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. 

Hackensack Meridian Health sells off majority of its long-term care facilities to Complete Care

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. 
 

April 14, 2022
breast radiologist breast cancer mammography

Screening breast MRI results in more downstream healthcare costs than mammography alone

Women who underwent magnetic resonance imaging experienced more subsequent scans, procedures, healthcare visits and hospitalizations. 

April 14, 2022
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Vytalize Health raises $50 million in funding to expand senior care

Vytalize Health, a value-based care platform for seniors, has raised $50 million from investors in a Series B funding round.

 

April 11, 2022
brain mri

Better neuroimaging guidelines could save practices millions, research shows

In the study, MRI scans were responsible for 70% of neuroimaging spending, despite accounting for only 25% of completed exams.

April 11, 2022

Around the web

Half a year after President Biden officially directed federal agencies in the executive branch’s bailiwick to “seize the promise and manage the risks” of AI, the White House has posted a status report.

U.S. physicians often receive payments from medical device manufacturers and pharmaceutical companies. New research in JAMA found a connection between receiving such payments and using specific devices—should the industry be concerned? 

Five of the largest U.S. medical societies focused on cardiovascular health are one step closer to seeing their paradigm-shifting proposal become a reality.

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