dismiss

Clean Sweep Live Auction on Wed. May 1st. Click to view the full inventory

DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Pediatrics
SEARCH
Current Location:
>
> This Story

starstarstarstarstar (1)
Log in or Register to rate this News Story
Forward Printable StoryPrint Comment
advertisement

 

advertisement

 

More Magazine Features

Breaking barriers in Alzheimer’s disease with focused ultrasound Researchers at Sunnybrook in Toronto are closing the therapeutic gap

Medical community finds ways to make TAVR safer for at-risk patients Improving outcomes with special procedures

What’s new in C-arms and tables? Smaller footprint and dose reduction are defining a new generation of equipment

Getting to the heart of cardiac ultrasound technology From premium systems to point of care, an expanding market

Soothing pediatric imaging fears: Experts discuss options Pediatric imaging should be fun and games

See All Magazine Features  

More Industry Headlines

AI comparable to radiologists in prostate cancer detection accuracy Identifies and predicts aggressiveness using MR scans

VisualDx to develop decision support platform for ultrasound in space Provide basic guidance on ultrasound interpretation

Rural hospitals require better 'end of support' equipment solutions Sometimes replacing equipment is simply not an option

Philips Medical Systems sues ex-employee over alleged secrets theft Suit claims X-ray tube trade secrets were stolen before erasing hard drive

New 'roadmap' paves the way for AI innovations in radiology Aims to advance foundational AI research for imaging

Peeling back the Medicare Advantage onion Understanding the high growth rate of MA plan coverage

FDA finds duodenoscope contamination risk still too high Up to 5.4 percent of properly collected samples has 'high concern' organisms

Air medical transportation: How a 15-minute ride may cost $30,000, and how we can change it Reducing sky-high transport expenses

Israeli researchers develop first 3D heart from patient's biological materials A first — complete with blood vessels, ventricles and cells

Using comic illustrations to support patient understanding of cardiac catheterization Making patients more satisfied, less anxious and more informed

Feature: Imaging center managers deal with an array of change

by John W. Mitchell , Senior Correspondent
From the July 2015 issue of DOTmed HealthCare Business News magazine

Once a profitable business, standalone imaging centers are now struggling. What’s particularly unfortunate is that they’re fading just as the recognized need for more health care services increases. In order for an imaging center to have a chance of remaining profitable, management has to be proactive, creative, and on top of their game. HealthCare Business News spoke with Davis Graham, executive director and CFO at Manatee Diagnostic, in Bradenton, Florida, about trends in imaging center management.

Graham offered a cynical laugh and cited a “new truth” in effect since the implementation of the Affordable Care Act. “I belong to a health care advisory group through our chamber of commerce. A friend on that committee coined the term ‘the 6350 health insurance policy.’ This means patients now have an average out-of-pocket of $6,350. Patients are price shopping,” he says.

Story Continues Below Advertisement

Servicing GE Nuclear Medicine equipment with OEM trained engineers

We offer full service contracts, PM contracts, rapid response, time and material,camera relocation. Nuclear medicine equipment service provider since 1975. Click or call now for more information 800 96 NUMED



Graham is a guy who thinks a lot about what is going on in health care. He is currently near completion of a master’s degree in health and medical informatics from Brandeis University, and by his own count he studies on average more than 350 pages a week about the changes unfolding in the American health care system — all this while managing Manatee, a family-owned independent outpatient imaging center that performs nearly 300 imaging tests a day.

“What we have right now in health care is a slave relationship,” Graham states. “Pricing is not set by the people who provide the service; it is set by the government and the insurance companies. This is ironic when you consider that the quality of any health care experience is defined by the physician-patient relationship.” Imaging center managers deal with an array of change

Graham says that his center is having a banner year for volumes, but is also seeing its lowest reimbursement rates ever. Graham and others in the business have to not only manage to keep overhead costs down and patient throughput up, but they also have to give greater attention to the patient experience if they plan to obtain full reimbursement amounts.

To that end, many imaging centers are providing better pricing transparency, increased follow-up and follow-through with patients, and hiring professionals with strong customer service and team skills or providing the training to existing staff to get them those skills.

Cashing out, going under, or teaming up
Management issues were a common theme among several insiders interviewed. Mike Mabry, executive director of the Radiology Business Management Association (RBMA), says that according to a 2014 survey conducted by the group, of the estimated 2,500-plus freestanding imaging centers, about 525, or 21 percent, are either contemplating selling the business or closing, in large part due to the pains caused by reimbursement cuts.
  Pages: 1 - 2 - 3 - 4 - ... >>

Related:


You Must Be Logged In To Post A Comment

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Quotes
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2019 DOTmed.com, Inc.
ALL RIGHTS RESERVED