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News You Need to Know Today
Economics | July 2023: Rad Partners seeks investors | Medicare pay cut | Private practice dwindles | NPPs' growing role
Tuesday, July 25, 2023
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Editor's Choice: Economics

Radiology Partners seeking new investors to help repay more than $2B in debt: Report

The nation’s largest imaging group has hired Barclays, hoping to raise “preferred equity” with a portion of its debts coming due in the next 2 years.
 

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Business Meeting
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Radiology Partners seeking new investors to help repay more than $2B in debt: Report

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Business Meeting
The nation’s largest imaging group has hired Barclays, hoping to raise “preferred equity” with a portion of its debts coming due in the next 2 years.  
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Medicare fee schedule proposes pay cut for diagnostic and interventional radiology; ditching AUC program also on the table

Imaging advocates blasted the proposal shortly after its release, saying it's "unconscionable that radiology is again on the chopping block."   

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physician money payments dollars
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Medicare fee schedule proposes pay cut for diagnostic and interventional radiology; ditching AUC program also on the table

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physician money payments dollars
Imaging advocates blasted the proposal shortly after its release, saying it's "unconscionable that radiology is again on the chopping block."   
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Number of radiologists in private practice falls below 50% for 1st time in a decade

Payment cuts in Medicare, rising costs and administrative burdens all are pushing providers to seek sales, the AMA said. 

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radiology department
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Number of radiologists in private practice falls below 50% for 1st time in a decade

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radiology department
Payment cuts in Medicare, rising costs and administrative burdens all are pushing providers to seek sales, the AMA said. 
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Radiology-affiliated private equity firm buys up medical practices, raises prices

New York-based Welsh, Carson, Anderson & Stowe took “less than a year” to create 1 of Colorado's largest specialty groups “from scratch.” 

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private equity corporatization business consolidation
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Radiology-affiliated private equity firm buys up medical practices, raises prices

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private equity corporatization business consolidation
New York-based Welsh, Carson, Anderson & Stowe took “less than a year” to create 1 of Colorado's largest specialty groups “from scratch.” 
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Billing claims for nonphysician image interpretation leapt 27% over a 5-year period

"Since several states are shifting toward granting NPPs more autonomy, this is something worth watching," the study's author told Radiology Business. 

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Among general cardiologists, for example, median compensation jumped nearly 8% from 2023 to 2024. Interventional cardiology and electrophysiology saw even larger jumps. Dollar money graphic showing increased finance.
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Billing claims for nonphysician image interpretation leapt 27% over a 5-year period

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Among general cardiologists, for example, median compensation jumped nearly 8% from 2023 to 2024. Interventional cardiology and electrophysiology saw even larger jumps. Dollar money graphic showing increased finance.
"Since several states are shifting toward granting NPPs more autonomy, this is something worth watching," the study's author told Radiology Business. 
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Radiologists capture growing market share for key interventional procedure while cardiologists lose ground

Among Medicare beneficiaries, there was a marked drop in the delivery of percutaneous renal artery angioplasty, used to treat a narrowed artery, between 2010 and 2018.

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Financial data showing growing revenue
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Radiologists capture growing market share for key interventional procedure while cardiologists lose ground

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Financial data showing growing revenue
Among Medicare beneficiaries, there was a marked drop in the delivery of percutaneous renal artery angioplasty, used to treat a narrowed artery, between 2010 and 2018.
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Featured Articles

Radiology Partners officially served with UnitedHealthcare lawsuit 3 months after initial filing

The window to serve RP with the complaint was slated to expire July 13, with a judge prepared to dismiss the case if the action was not completed

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Radiology Partners officially served with UnitedHealthcare lawsuit 3 months after initial filing

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The window to serve RP with the complaint was slated to expire July 13, with a judge prepared to dismiss the case if the action was not completed
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AMA working with radiology groups to fix flawed approach that’s driving Medicare payment decisions

The Medicare Physician Fee Schedule utilizes 2006 cost information to develop practice expense relative values and resulting reimbursements. 

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Money dollar investments
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AMA working with radiology groups to fix flawed approach that’s driving Medicare payment decisions

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Money dollar investments
The Medicare Physician Fee Schedule utilizes 2006 cost information to develop practice expense relative values and resulting reimbursements. 
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Physician assistants order imaging at rates higher than primary care doctors

Measures to optimize the value of radiology services will be necessary as the strained PCP workforce is increasingly augmented by other providers, experts wrote in JACR. 

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radiology reporting EHR health record CDS AUC
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Physician assistants order imaging at rates higher than primary care doctors

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radiology reporting EHR health record CDS AUC
Measures to optimize the value of radiology services will be necessary as the strained PCP workforce is increasingly augmented by other providers, experts wrote in JACR. 
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Radiology societies express ‘significant concern’ around proposed BlueCross BlueShield policy

BCBS last month suggested curtailing coverage for peripheral nerve stimulation devices, used to relieve pain, which drew ire from thousands of physicians. 

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Radiology societies express ‘significant concern’ around proposed BlueCross BlueShield policy

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BCBS last month suggested curtailing coverage for peripheral nerve stimulation devices, used to relieve pain, which drew ire from thousands of physicians. 
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Private equity’s ‘voracious’ acquisition of radiology practices is increasing imaging prices, study asserts

Such ownership changes were associated with an 8.2% price increase in radiology and statistically significant upticks across 8 of the 10 specialties examined. 

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Private equity’s ‘voracious’ acquisition of radiology practices is increasing imaging prices, study asserts

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Such ownership changes were associated with an 8.2% price increase in radiology and statistically significant upticks across 8 of the 10 specialties examined. 
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Big Pharma’s industry payments to diagnostic radiologists have risen sharply since 2019

Merk & Co. paid the largest amount to the specialty between 2017-2021, followed by Hologic and Pfizer, researchers wrote recently.  

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Researchers found millions of heart failure patients who qualify for standard, guideline directed medical therapies, but did not receive it due to poor health literacy, limited access to care and medication costs.
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Big Pharma’s industry payments to diagnostic radiologists have risen sharply since 2019

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Researchers found millions of heart failure patients who qualify for standard, guideline directed medical therapies, but did not receive it due to poor health literacy, limited access to care and medication costs.
Merk & Co. paid the largest amount to the specialty between 2017-2021, followed by Hologic and Pfizer, researchers wrote recently.  
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Spotify CEO and founder launches whole-body imaging startup with $65M in investor financing

Neko Health was first launched in 2018 and has experienced “overwhelming demand” since then, with long wait lists for its service.

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Neko Health founders
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Spotify CEO and founder launches whole-body imaging startup with $65M in investor financing

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Neko Health founders
Neko Health was first launched in 2018 and has experienced “overwhelming demand” since then, with long wait lists for its service.
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