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News You Need to Know Today
Rad Partners' credit downgraded | AI bests traditional cancer risk model | FDA clears VR imaging tool
Wednesday, June 7, 2023
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Today's News and Trends

S&P downgrades Radiology Partners amid worries its capital structure could become unsustainable

The country's largest imaging group has $3.37B in obligations, including “significant debt maturities looming in July 2025.”  

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money business cash flow dollar. Kingsway Financial Services, a Chicago-based holding company with subsidiaries in several industries, has acquired New Jersey-based Digital Diagnostics Imaging (DDI) for $11 million. The transaction was funded with $5.4 million in cash and $5.6 million in debt financing.
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S&P downgrades Radiology Partners amid worries its capital structure could become unsustainable

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money business cash flow dollar. Kingsway Financial Services, a Chicago-based holding company with subsidiaries in several industries, has acquired New Jersey-based Digital Diagnostics Imaging (DDI) for $11 million. The transaction was funded with $5.4 million in cash and $5.6 million in debt financing.
The country's largest imaging group has $3.37B in obligations, including “significant debt maturities looming in July 2025.”  
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Artificial intelligence outshines traditional risk model at predicting breast cancer

Experts recently explored whether AI could predict a woman's chance of developing the disease, using only negative mammograms as an input. 

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Artificial intelligence can help make breast cancer screening mammography more accurate.
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Artificial intelligence outshines traditional risk model at predicting breast cancer

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Artificial intelligence can help make breast cancer screening mammography more accurate.
Experts recently explored whether AI could predict a woman's chance of developing the disease, using only negative mammograms as an input. 
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Startup scores FDA clearance for virtual reality tool that creates patient avatars via CT, MR images

Avatar Medical said its VR solution can serve as an aid in pre-operative planning or for use during procedures. 

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Avatar Medical virtual reality imaging
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Startup scores FDA clearance for virtual reality tool that creates patient avatars via CT, MR images

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Avatar Medical virtual reality imaging
Avatar Medical said its VR solution can serve as an aid in pre-operative planning or for use during procedures. 
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In Case You Missed It

Federal bill would require more transparency from private equity-backed physician practices

H.R. 3561 also would apply to groups owned by physicians, hospitals, insurers, or venture capital firms, who could face fines of $2M for failing to comply. 

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magnifying-glass-699777_1280.jpg
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Federal bill would require more transparency from private equity-backed physician practices

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magnifying-glass-699777_1280.jpg
H.R. 3561 also would apply to groups owned by physicians, hospitals, insurers, or venture capital firms, who could face fines of $2M for failing to comply. 
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Nurse navigators help radiology departments contribute to value-based care, study charges

Beth Israel Deaconess Medical Center has seen marked gains in certain key metrics after launching its imaging navigator role in 2018. 

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Nurse navigators help radiology departments contribute to value-based care, study charges

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Beth Israel Deaconess Medical Center has seen marked gains in certain key metrics after launching its imaging navigator role in 2018. 
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‘It was killing some of these radiology departments’: State grapples with long licensing delays

Some rad techs have waited upward of four months to receive their credentials, with it taking days prior to COVID.

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Stress Pencil
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‘It was killing some of these radiology departments’: State grapples with long licensing delays

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Stress Pencil
Some rad techs have waited upward of four months to receive their credentials, with it taking days prior to COVID.
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FDA clears GE HealthCare MRI tool that can cut scan times by up to 83%

Sonic DL is powered by deep learning technology and targeted for use in cardiac MRI, the company said Monday.

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Cardiologist heart
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FDA clears GE HealthCare MRI tool that can cut scan times by up to 83%

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Cardiologist heart
Sonic DL is powered by deep learning technology and targeted for use in cardiac MRI, the company said Monday.
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In Other News

Merck sues US government over Medicare's drug price negotiation liberties, calls program a 'sham'

Merck believes the Inflation Reduction Act-launched effort “coerces” manufacturers to enter into agreements to sell their top products at a fraction of their actual value.

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Merck Januvia Janumet Steglujan Nitroso-STG-19 (NTTP) type 2 diabetes
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Merck sues US government over Medicare's drug price negotiation liberties, calls program a 'sham'

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Merck Januvia Janumet Steglujan Nitroso-STG-19 (NTTP) type 2 diabetes
Merck believes the Inflation Reduction Act-launched effort “coerces” manufacturers to enter into agreements to sell their top products at a fraction of their actual value.
READ MORE >

Incorrect place-of-service codes resulted in Medicare overpayments totaling in the millions

The audit revealed that Medicare overpaid by approximately $22.5 million due to incorrect place-of-service coding completed by practitioners.  

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physician money payments dollars
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Incorrect place-of-service codes resulted in Medicare overpayments totaling in the millions

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physician money payments dollars
The audit revealed that Medicare overpaid by approximately $22.5 million due to incorrect place-of-service coding completed by practitioners.  
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Fortune 500's top 10 healthcare companies

A total of 80 healthcare companies are among those that brought in the most revenue for the fiscal year, according to the magazine's most recent rankings.

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cvs-health-healthhub-location-at-cvs-pharmacy-store-image.jpg
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Fortune 500's top 10 healthcare companies

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cvs-health-healthhub-location-at-cvs-pharmacy-store-image.jpg
A total of 80 healthcare companies are among those that brought in the most revenue for the fiscal year, according to the magazine's most recent rankings.
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