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.

Radvocates applaud bipartisan bill that would end decade-long decline in Medicare reimbursement

The Radiation Oncology Case Rate Value-Based Program Act of 2024 would build on the shelved RO Model and save the federal payment program $200M. 

May 16, 2024
Former managers of a Tampa Florida-based radiology company Advanced Diagnostic Group (ADG) and its employee stock ownership plan (ESOP) retirement benefit manager GreatBanc Trust Co. will pay $19 million to settle a class action lawsuit. The suit alleges they allowed the ESOP’s value to be diverted to managers, directors and their shell companies and away from employee participants. money gavel court lawsuit legal judge judgement

Radiation therapy centers sold out of private equity-backed provider’s bankruptcy estate for nearly $3M

American Shared Hospital Services is acquiring a 60% stake and expects the facilities to generate upward of $10 million in annual revenue. 

May 16, 2024

Princeton Radiology partners with AI startup to add full-body MRI service

The private practice is teaming with Ezra to offer the examination at its freestanding network of imaging centers in central and northern New Jersey. 

May 15, 2024
court judge gavel business man bankruptcy lawsuit

Private equity firm, accused of trying to build a monopoly in radiology, dismissed as defendant in FTC lawsuit

The commission sued Welsh Carson in September, claiming the New York investment outfit and US Anesthesia Partners have perpetrated an “anticompetive scheme” to drive up prices.

May 15, 2024
Ultrasound UConn Health Brain and Spine Institute

Investor-backed Outpatient Imaging Affiliates inks deal to open academic center’s 1st freestanding site

UConn Health has seen “unprecedented growth” in patient volumes and hopes the facility will minimize wait times while cutting costs for patients. 

May 14, 2024
CMS proposed medicare physician fee schedule for 2023 radiology.

Patient advocacy groups urge Congress to create pathway for CMS to cover AI in radiology

As of Monday, the FDA has OK'd nearly 900 AI-enabled medical devices, but CMS has only assigned payment for about 10 of them. 

May 14, 2024
Siemens Healthineers

Siemens Healthineers investing $314M to build new MRI manufacturing facility

This is the first major production site for the company's DryCool technology, which drastically reduces the amount of helium required for magnetic resonance imaging. 

May 13, 2024
mergers acquisitions puzzle M&A

RadNet acquires 9 imaging centers through 2 tuck-in transactions totaling $14M

The deals were with Antelope Valley Imaging and Grossman Imaging Centers, both located near RadNet's home base in California. 

May 13, 2024

Around the web

"This was an unneeded burden, which was solely adding to the administrative hassles of medicine," said American Society of Nuclear Cardiology President Larry Phillips.

SCAI and four other major healthcare organizations signed a joint letter in support of intravascular ultrasound. 

The newly approved AI models are designed to improve the detection of pulmonary embolisms and strokes in patients who undergo CT scans.

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