How Radiologists Are Paid: An Economic History, Part IV: End of the Bubble
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UMass Chan Affiliations
Department of RadiologyDocument Type
Journal ArticlePublication Date
2020-03-24Keywords
Economicshistory
radiologists
Health Economics
History of Science, Technology, and Medicine
Radiology
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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.2020.02.016Permanent Link to this Item
http://hdl.handle.net/20.500.14038/48423PubMed ID
32220576Related Resources
ae974a485f413a2113503eed53cd6c53
10.1016/j.jacr.2020.02.016