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    How Radiologists Are Paid: An Economic History, Part IV: End of the Bubble

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    Authors
    Levy, Frank
    Rosen, Max P.
    UMass Chan Affiliations
    Department of Radiology
    Document Type
    Journal Article
    Publication Date
    2020-03-24
    Keywords
    Economics
    history
    radiologists
    Health Economics
    History of Science, Technology, and Medicine
    Radiology
    
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    Link to Full Text
    https://doi.org/10.1016/j.jacr.2020.02.016
    Abstract
    During the first decade of the 21st century, the imaging bubble began to burst. The combination of digitized images, the DICOM standard, and affordable PACS sharply increased radiologists' productivity but also allowed an imaging study to be read from anywhere, creating the field of teleradiology and increased competition for radiologists. Increasing numbers of insurers contracted with radiology benefits managers to help control radiology utilization, and the Deficit Reduction Act of 2005 mandated spending cuts across the government. Consolidation of multiple Current Procedural Terminology codes and the reassessment of calculations used to estimate the utilization of a CT or an MRI scanner exerted additional downward pressure on radiology reimbursements. All of these factors, combined with more radiologists' completing residency and the delayed retirement of older radiologists after the 2008 financial crisis, brought the imaging bubble to an end.
    Source

    Levy F, Rosen MP. How Radiologists Are Paid: An Economic History, Part IV: End of the Bubble. J Am Coll Radiol. 2020 Mar 24:S1546-1440(20)30176-9. doi: 10.1016/j.jacr.2020.02.016. Epub ahead of print. PMID: 32220576. Link to article on publisher's site

    DOI
    10.1016/j.jacr.2020.02.016
    Permanent Link to this Item
    http://hdl.handle.net/20.500.14038/48423
    PubMed ID
    32220576
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    Link to Article in PubMed

    ae974a485f413a2113503eed53cd6c53
    10.1016/j.jacr.2020.02.016
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