| The Month in Review | Editor's Note: Industry watchers had been anticipating a potential chapter 11 filing from Envision Healthcare after months of financial challenges. The news finally dropped in mid-May, with the Nashville-based multispecialty group seeking bankruptcy protection to wipe out billions in debts. Time will tell whether its story is a “canary in the coal mine” for further turmoil in the physician services space, or just a one-off cautionary tale. Leaders have said they hope to emerge from the process positioned for growth. But analysts are concerned the company’s operating performance will continue to deteriorate in the coming months.
Thanks for following this story with Radiology Business and enjoy your weekend. —Marty Stempniak, Editor Editor's Note: Industry watchers had been anticipating a potential chapter 11 filing from Envision Healthcare after months of financial challenges. The news finally dropped in mid-May, with the Nashville-based multispecialty group seeking bankruptcy protection to wipe out billions in debts. Time will tell whether its story is a “canary in the coal mine” for further turmoil in the physician services space, or just a one-off cautionary tale. Leaders have said they hope to emerge from the process positioned for growth. But analysts are concerned the company’s operating performance will continue to deteriorate in the coming months.
Thanks for following this story with Radiology Business and enjoy your weekend. —Marty Stempniak, Editor |
| The specialty’s $329,080 average salary placed it behind four other medical specialties, along with “athletes and sports competitors," according to the Department of Labor. The specialty’s $329,080 average salary placed it behind four other medical specialties, along with “athletes and sports competitors," according to the Department of Labor. | |
| 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. 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. | |
| The nation's largest insurer reportedly breached its contract with the PE-backed multispecialty group by “unilaterally reducing reimbursement rates.” The nation's largest insurer reportedly breached its contract with the PE-backed multispecialty group by “unilaterally reducing reimbursement rates.” | |
| James McGuckin, MD, allegedly submitted more than 500 false claims for unnecessary vascular procedures between 2016 to 2019, the DOJ said. James McGuckin, MD, allegedly submitted more than 500 false claims for unnecessary vascular procedures between 2016 to 2019, the DOJ said. | |
| The private equity-backed multispecialty group's failure could have "significant ripple effects" on radiology and other specialties, N. Adam Brown, MD, MBA, wrote recently. The private equity-backed multispecialty group's failure could have "significant ripple effects" on radiology and other specialties, N. Adam Brown, MD, MBA, wrote recently. | |
| | “These evidence-based updates should spur more-informed doctor-patient conversations and help providers save more lives," the document's lead author said. “These evidence-based updates should spur more-informed doctor-patient conversations and help providers save more lives," the document's lead author said. | |
| “Healthcare providers and industry need to work together to solve our common challenges," the president of Siemens Medical Solutions USA said. “Healthcare providers and industry need to work together to solve our common challenges," the president of Siemens Medical Solutions USA said. | |
| The accusations pertain to the Amsterdam-based corporation’s sales of diagnostic imaging equipment in China, the SEC announced May 11. The accusations pertain to the Amsterdam-based corporation’s sales of diagnostic imaging equipment in China, the SEC announced May 11. | |
| However, GPT-4 confidently delivered incorrect or irrelevant answers on some questions, according to new research in Radiology. However, GPT-4 confidently delivered incorrect or irrelevant answers on some questions, according to new research in Radiology. | |
| William Brody, MD, is stepping down from the practice's governing body, with a notable name serving as his replacement. William Brody, MD, is stepping down from the practice's governing body, with a notable name serving as his replacement. | |
| Between 2020-2021 (and amid the pandemic), interventional consult volumes climbed 13%, while consult-specific payments leapt by 84%, experts detailed. Between 2020-2021 (and amid the pandemic), interventional consult volumes climbed 13%, while consult-specific payments leapt by 84%, experts detailed. | |
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