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News You Need to Know Today
Best of the Week: S&P downgrades Rad Partners | AMA, rad groups fight nurse bill | PE transparency | FDA OKs GE AI
Saturday, June 10, 2023
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This Week’s News

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.”  
READ MORE >

AMA, radiology groups ‘strongly oppose’ federal bill that would expand nurses’ authority

The Improving Care and Access to Nurses Act aims to let APRNs practice “to the full scope of their education and clinical training.” 

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nurse_station.jpg
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AMA, radiology groups ‘strongly oppose’ federal bill that would expand nurses’ authority

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nurse_station.jpg
The Improving Care and Access to Nurses Act aims to let APRNs practice “to the full scope of their education and clinical training.” 
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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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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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Radiologist reaches settlement with hospital system he claimed fired him for requesting remote work

Richard Heiden, MD, has a compromised immune system and had asked NYC Health and Hospitals to reassign him to teleradiology duties after the COVID-19 pandemic hit. 

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Radiologist reaches settlement with hospital system he claimed fired him for requesting remote work

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Richard Heiden, MD, has a compromised immune system and had asked NYC Health and Hospitals to reassign him to teleradiology duties after the COVID-19 pandemic hit. 
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Featured Articles

New data highlight ‘massive gap’ between what Medicare, Medicaid pay for diagnostic imaging

The chasm between the two public payment programs has continued to grow since 2012, the Neiman Health Policy Institute reported recently. 

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New data highlight ‘massive gap’ between what Medicare, Medicaid pay for diagnostic imaging

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The chasm between the two public payment programs has continued to grow since 2012, the Neiman Health Policy Institute reported recently. 
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Interventional radiology among 4 specialties with the greatest growth in claims volume since 2018

The specialty saw an 83% uptick in billing between 2018 and 2022, publicly traded data and analytics firm Definitive Healthcare reported. 

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Starting salaries for specialist physicians have mostly increased over the last year. Demand for those specialists is also on the rise. What are doctors paid? What is the average salary of a doctor, physician?
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Interventional radiology among 4 specialties with the greatest growth in claims volume since 2018

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Starting salaries for specialist physicians have mostly increased over the last year. Demand for those specialists is also on the rise. What are doctors paid? What is the average salary of a doctor, physician?
The specialty saw an 83% uptick in billing between 2018 and 2022, publicly traded data and analytics firm Definitive Healthcare reported. 
READ MORE >

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. 
READ MORE >

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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‘AI doctor’ reads radiology reports, other physician notes to predict patient outcomes

"Large language models make the development of ‘smart hospitals’ not only a possibility, but a reality,” said Eric Oermann, MD, an assistant professor in NYU's Department of Radiology. 

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artificial intelligence robot evaluates healthcare data. Novo Nordisk announced a new collaboration with Valo Health, a healthcare technology company focused on using artificial intelligence (AI) technology to identify new drug treatments for cardiovascular disease (CVD).
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‘AI doctor’ reads radiology reports, other physician notes to predict patient outcomes

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artificial intelligence robot evaluates healthcare data. Novo Nordisk announced a new collaboration with Valo Health, a healthcare technology company focused on using artificial intelligence (AI) technology to identify new drug treatments for cardiovascular disease (CVD).
"Large language models make the development of ‘smart hospitals’ not only a possibility, but a reality,” said Eric Oermann, MD, an assistant professor in NYU's Department of Radiology. 
READ MORE >

American College of Radiology, nuclear medicine society urge CMS to fix years-old billing code mistakes

SNMMI and ACR are pushing the agency to make modifications retroactive, so specialists can still claim lost revenues impacted by the error. 

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Doctor Computer
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American College of Radiology, nuclear medicine society urge CMS to fix years-old billing code mistakes

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Doctor Computer
SNMMI and ACR are pushing the agency to make modifications retroactive, so specialists can still claim lost revenues impacted by the error. 
READ MORE >

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