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News You Need to Know Today
Economics | August 2023: ACR opposes imaging bill | Private equity's 'voracious' appetite | ViewRay bankruptcy | Cigna sued
Thursday, August 10, 2023
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Editor's Choice: Economics

American College of Radiology opposes focus of US House bill aimed at increasing imaging price transparency

Rep. Mike Carey introduced the Imaging Services Price Transparency Act July 25, hoping to better inform patients about services provided by the specialty. 

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American College of Radiology opposes focus of US House bill aimed at increasing imaging price transparency

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Rep. Mike Carey introduced the Imaging Services Price Transparency Act July 25, hoping to better inform patients about services provided by the specialty. 
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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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Imaging vendor ViewRay files for Chapter 11 bankruptcy

The Denver-based company is letting go more than 100 staffers, including its CEO, interim CFO and chief legal officer. 

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Money bankruptcy debt liquidation
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Imaging vendor ViewRay files for Chapter 11 bankruptcy

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Money bankruptcy debt liquidation
The Denver-based company is letting go more than 100 staffers, including its CEO, interim CFO and chief legal officer. 
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Imaging AI vendor’s stock leaps 86% after inking ‘strategic commercial agreement’ with Radiology Partners

ICAD Inc. said the deal spans multiple years and will see the nation’s largest radiology group adopting its breast  technology across the enterprise.

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Imaging AI vendor’s stock leaps 86% after inking ‘strategic commercial agreement’ with Radiology Partners

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ICAD Inc. said the deal spans multiple years and will see the nation’s largest radiology group adopting its breast  technology across the enterprise.
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Cigna violated the law by denying claims for imaging and other services in bulk, lawsuit alleges

Plaintiff attorneys are asking for damages in excess of $5 million, not including interest and other costs, and seeking class-action status.

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Cigna, one of the nation’s largest health insurance providers, announced new priorities for its capital deployment, including steering an additional $450 million into Cigna Ventures.
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Cigna violated the law by denying claims for imaging and other services in bulk, lawsuit alleges

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Cigna, one of the nation’s largest health insurance providers, announced new priorities for its capital deployment, including steering an additional $450 million into Cigna Ventures.
Plaintiff attorneys are asking for damages in excess of $5 million, not including interest and other costs, and seeking class-action status.
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RBMA, ACR, RadNet and Rayus Radiology urge CMS to fix ‘burdensome’ reporting requirement

The groups are concerned that the rule could result in billing errors, inadvertent payment denials and slow claims processing. 

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files paperwork work load
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RBMA, ACR, RadNet and Rayus Radiology urge CMS to fix ‘burdensome’ reporting requirement

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files paperwork work load
The groups are concerned that the rule could result in billing errors, inadvertent payment denials and slow claims processing. 
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Featured Articles

How private practice and academic interventional radiology groups are using APPs differently

Both are making ample use of advanced-practice providers to handle procedures and other billable work, with a few notable differences. 

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peripherally inserted central catheters (PICC)
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How private practice and academic interventional radiology groups are using APPs differently

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peripherally inserted central catheters (PICC)
Both are making ample use of advanced-practice providers to handle procedures and other billable work, with a few notable differences. 
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Higher pay in specialties such as diagnostic radiology correlates with lower levels of diversity

Full professors in imaging earned median compensation of about $500,320 between 2015-2022, researchers wrote in JAMA.

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Higher pay in specialties such as diagnostic radiology correlates with lower levels of diversity

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Full professors in imaging earned median compensation of about $500,320 between 2015-2022, researchers wrote in JAMA.
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Medicare spent upward of $3.8B on low-value imaging and cancer screenings in 1 year: MedPAC

“Imaging for nonspecific low back pain” was listed as the most frequently occurring low-value service, impacting upward of 9.3% of beneficiaries. 

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Medicare spent upward of $3.8B on low-value imaging and cancer screenings in 1 year: MedPAC

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“Imaging for nonspecific low back pain” was listed as the most frequently occurring low-value service, impacting upward of 9.3% of beneficiaries. 
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ACR estimates diagnostic radiology will face 4% Medicare cut, absent congressional action

The college issued a detailed breakdown of the 2024 MPFS, offering insight into the “complex” formula for how much the specialty stands to lose. 

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Piggy Bank
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ACR estimates diagnostic radiology will face 4% Medicare cut, absent congressional action

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Piggy Bank
The college issued a detailed breakdown of the 2024 MPFS, offering insight into the “complex” formula for how much the specialty stands to lose. 
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EHR nudge helps health system drop use of unnecessary lumbar X-rays by 53%

Researchers with NYC Health + Hospitals detailed their large-scale quality improvement project in the Journal of the American College of Radiology.

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EHR nudge helps health system drop use of unnecessary lumbar X-rays by 53%

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Researchers with NYC Health + Hospitals detailed their large-scale quality improvement project in the Journal of the American College of Radiology.
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RapidAI raises $75M in series C financing

The San Mateo, California-based startup said the money will help it tackle more diseases and add further functions to the company's platform. 

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artificial intelligence money finance acquisition
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RapidAI raises $75M in series C financing

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artificial intelligence money finance acquisition
The San Mateo, California-based startup said the money will help it tackle more diseases and add further functions to the company's platform. 
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