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News You Need to Know Today
40% of rads sued | Envision bankruptcy | HIMSS23 photo gallery | New ACR president | Quinsite raises $5.5M
Thursday, May 11, 2023
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Today's News and Trends

Private equity-backed radiology provider Envision Healthcare to file for bankruptcy: Report

The move is expected to wipe out the entire investment of KKR, which first took the publicly traded physician group private in a 2018 $5.5B buyout. 

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Money bankruptcy debt liquidation
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Private equity-backed radiology provider Envision Healthcare to file for bankruptcy: Report

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Money bankruptcy debt liquidation
The move is expected to wipe out the entire investment of KKR, which first took the publicly traded physician group private in a 2018 $5.5B buyout. 
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1 in 3 physicians sued during career, with radiologists ‘significantly’ more likely to face litigation

Over 40% of radiologists said they’ve been sued during the course of their career, according to new survey data from the American Medical Association. 

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The long legal saga of Richard Paulus, a Kentucky cardiologist accused of performing unnecessary cardiac procedures, appears to still be going strong in 2022 and might be reviewed by the Supreme Court. The New York state radiologist is facing 36 misdemeanor counts for secret sexual recording without consent, according to a story in the Boston Herald.
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1 in 3 physicians sued during career, with radiologists ‘significantly’ more likely to face litigation

Share on Twitter Share on Facebook Share on Linkedin
The long legal saga of Richard Paulus, a Kentucky cardiologist accused of performing unnecessary cardiac procedures, appears to still be going strong in 2022 and might be reviewed by the Supreme Court. The New York state radiologist is facing 36 misdemeanor counts for secret sexual recording without consent, according to a story in the Boston Herald.
Over 40% of radiologists said they’ve been sued during the course of their career, according to new survey data from the American Medical Association. 
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William Herrington elected ACR president, plus more news from the college’s 2023 annual meeting

Ezequiel Silva, MD, received the 2023 William T. Thorwarth Jr. Award, with several others recognized for their accomplishments.  

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American College of Radiology 2023 Annual Meeting
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William Herrington elected ACR president, plus more news from the college’s 2023 annual meeting

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American College of Radiology 2023 Annual Meeting
Ezequiel Silva, MD, received the 2023 William T. Thorwarth Jr. Award, with several others recognized for their accomplishments.  
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Radiology data analytics vendor Quinsite raises $5.5M in series A financing

The funds will fuel growth initiatives and expansion in other specialties such as pathology, anesthesiology, orthopedics and emergency medicine. 

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Money
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Radiology data analytics vendor Quinsite raises $5.5M in series A financing

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Money
The funds will fuel growth initiatives and expansion in other specialties such as pathology, anesthesiology, orthopedics and emergency medicine. 
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PHOTO GALLERY of radiology technologies at HIMSS 2023

Many new imaging solutions were on display at the world's largest health informatics conference, held at McCormick Place in Chicago.

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Automated AI measurements for Pediatric X-ray for hip dysplasia, Sectra HIMSS23.
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PHOTO GALLERY of radiology technologies at HIMSS 2023

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Automated AI measurements for Pediatric X-ray for hip dysplasia, Sectra HIMSS23.
Many new imaging solutions were on display at the world's largest health informatics conference, held at McCormick Place in Chicago.
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In Other News

Nearly 90% of significant incidental findings on lung cancer screenings are considered reportable

These findings highlight a need for more stringent and standardized reporting guidelines relative to incidental findings, authors of the new study suggested.

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Nearly 90% of significant incidental findings on lung cancer screenings are considered reportable

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These findings highlight a need for more stringent and standardized reporting guidelines relative to incidental findings, authors of the new study suggested.
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New contrast agent earns positive safety classification from ACR

The ACR Committee on Drugs and Contrast Media stated that exposure to the gadolinium-based contrast agent represents a “sufficiently low or possibly nonexistent” risk to patients.

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The new MRI contrast agent gadopiclenol, sold under the trade names Elucirem and Vueway by Bracco and Guerbet, uses 50% less gadolinium than current MRI agents.
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New contrast agent earns positive safety classification from ACR

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The new MRI contrast agent gadopiclenol, sold under the trade names Elucirem and Vueway by Bracco and Guerbet, uses 50% less gadolinium than current MRI agents.
The ACR Committee on Drugs and Contrast Media stated that exposure to the gadolinium-based contrast agent represents a “sufficiently low or possibly nonexistent” risk to patients.
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Prenatal MRI shines light on the implications of maternal stress during pregnancy

These findings warrant serious consideration by physicians caring for pregnant women in the future, as the link between poor mental health and placental development remains “underappreciated.”

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Prenatal MRI shines light on the implications of maternal stress during pregnancy

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These findings warrant serious consideration by physicians caring for pregnant women in the future, as the link between poor mental health and placental development remains “underappreciated.”
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In Case You Missed It

Medical imaging vacancy rates haven’t been this high in at least 20 years

The radiographer profession, for one, hit an "all time high" in 2023, with 18.1% of actively recruited positions sitting unfilled, the ASRT reported. 

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Radiology job market update. More than two years after the onset of the pandemic, changes in COVID-related policies and postures — as well as accompanying cultural shifts in the workplace — continue to drive trends in the job market for radiologists. In 2022, things look markedly different than during the early stages of the pandemic and it’s clear that radiologist job seekers now have many options and greater workplace flexibility.
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Medical imaging vacancy rates haven’t been this high in at least 20 years

Share on Twitter Share on Facebook Share on Linkedin
Radiology job market update. More than two years after the onset of the pandemic, changes in COVID-related policies and postures — as well as accompanying cultural shifts in the workplace — continue to drive trends in the job market for radiologists. In 2022, things look markedly different than during the early stages of the pandemic and it’s clear that radiologist job seekers now have many options and greater workplace flexibility.
The radiographer profession, for one, hit an "all time high" in 2023, with 18.1% of actively recruited positions sitting unfilled, the ASRT reported. 
READ MORE >

Private equity firm seeking upward of $135M in sale of radiology group

The mid-market-sized Growth Fund has hired advisors and is now gauging interest from potential buyers, according to a recently published report. 

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Private equity firm seeking upward of $135M in sale of radiology group

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The mid-market-sized Growth Fund has hired advisors and is now gauging interest from potential buyers, according to a recently published report. 
READ MORE >

RadNet revising 2023 financial projections, adding capacity amid ‘heavy demand’ for imaging

PET/CT saw the biggest gains, up almost 21% year-over-year compared to Q1 of 2022, with the group collecting $390M in revenue (up 14%). 

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profits revenue finance money
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RadNet revising 2023 financial projections, adding capacity amid ‘heavy demand’ for imaging

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profits revenue finance money
PET/CT saw the biggest gains, up almost 21% year-over-year compared to Q1 of 2022, with the group collecting $390M in revenue (up 14%). 
READ MORE >

USPSTF recommends women begin breast cancer screening at 40, boosting stocks at mammo-related firms

The draft update marks a shift from the task force's previous guidelines, which had endorsed screening beginning at age 50.

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Artificial intelligence can help make breast cancer screening mammography more accurate.
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USPSTF recommends women begin breast cancer screening at 40, boosting stocks at mammo-related firms

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Artificial intelligence can help make breast cancer screening mammography more accurate.
The draft update marks a shift from the task force's previous guidelines, which had endorsed screening beginning at age 50.
READ MORE >

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