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News You Need to Know Today
Week in Review: S&P downgrades provider | Radiologist dies in fall | FDA halts mammo services | IR pay declines
Saturday, August 26, 2023
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This Week’s News

S&P downgrades radiology provider Akumin as it faces ‘significant headwinds’

Setbacks have included labor and supply chain challenges, delays in recognizing synergies from its merger with Alliance Healthcare Services and soft patient volumes. 

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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 provider Akumin as it faces ‘significant headwinds’

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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.
Setbacks have included labor and supply chain challenges, delays in recognizing synergies from its merger with Alliance Healthcare Services and soft patient volumes. 
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Radiologist dies from fall while hiking at Wisconsin state park

Jason Gillum, MD, of Fort Wayne, Ind., was hiking with another individual at Devil’s Lake State Park when the two became separated. 

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Devil’s Lake State Park bluff
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Radiologist dies from fall while hiking at Wisconsin state park

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Devil’s Lake State Park bluff
Jason Gillum, MD, of Fort Wayne, Ind., was hiking with another individual at Devil’s Lake State Park when the two became separated. 
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FDA temporarily halts mammography services at critical access hospital, claiming they posed ‘serious risk to human health’

Phelps Memorial Health Center has completed the necessary remedies, including notifying any women who underwent breast imaging the last two years.

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mammogram mammography breast cancer
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FDA temporarily halts mammography services at critical access hospital, claiming they posed ‘serious risk to human health’

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mammogram mammography breast cancer
Phelps Memorial Health Center has completed the necessary remedies, including notifying any women who underwent breast imaging the last two years.
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Affiliate of private equity-backed US Radiology Specialists reaches in-network agreement with UnitedHealthcare

Tucson, Arizona-based Radiology Ltd. was set to see its contract with the nation's largest commercial health insurer expire on Aug. 15. 

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Affiliate of private equity-backed US Radiology Specialists reaches in-network agreement with UnitedHealthcare

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Tucson, Arizona-based Radiology Ltd. was set to see its contract with the nation's largest commercial health insurer expire on Aug. 15. 
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Independent practice coalition Strategic Radiology expands to 20th state with new member

Intercity Radiology employs 11 board-certified physicians and serves six hospitals across Montana and western Washington. 

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Scott Bundy, MD
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Independent practice coalition Strategic Radiology expands to 20th state with new member

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Scott Bundy, MD
Intercity Radiology employs 11 board-certified physicians and serves six hospitals across Montana and western Washington. 
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Featured Articles

Medicare pay for most interventional radiology procedures has declined in recent years

Researchers believe this information underlines the “critical need” for advocacy at a national level among IR professionals. 

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financial graph downturn drop dip
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Medicare pay for most interventional radiology procedures has declined in recent years

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financial graph downturn drop dip
Researchers believe this information underlines the “critical need” for advocacy at a national level among IR professionals. 
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Cigna is removing 25% of medical services from prior authorization, but none of them are in imaging

The health insurer has faced criticism over its use of PA, including a class action lawsuit alleging it denied claims for imaging and other healthcare services in bulk

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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 is removing 25% of medical services from prior authorization, but none of them are in imaging

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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.
The health insurer has faced criticism over its use of PA, including a class action lawsuit alleging it denied claims for imaging and other healthcare services in bulk
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Solis Mammography acquiring network of breast imaging centers

Supported by Chicago-based Madison Dearborn Capital Partners, the company has grown rapidly in recent years to now include 100-plus locations.

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Solis Mammography acquiring network of breast imaging centers

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Supported by Chicago-based Madison Dearborn Capital Partners, the company has grown rapidly in recent years to now include 100-plus locations.
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Appeals court revives whistleblower suits alleging unqualified broker made radiology referral decisions

Allstate Insurance Co. first filed the complaints in 2020 against Discovery Radiology Physicians, OneSource Medical Diagnostics and four physicians, alleging insurance fraud. 

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Appeals court revives whistleblower suits alleging unqualified broker made radiology referral decisions

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Allstate Insurance Co. first filed the complaints in 2020 against Discovery Radiology Physicians, OneSource Medical Diagnostics and four physicians, alleging insurance fraud. 
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Radiologist appointed CEO of ‘healthcare AI company creation platform’ Ascertain

The company has raised $100 million in seed funding and earlier this year started Optain, which aims to identify diseases via retinal imaging. 

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Mark Michalski Ascertain
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Radiologist appointed CEO of ‘healthcare AI company creation platform’ Ascertain

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Mark Michalski Ascertain
The company has raised $100 million in seed funding and earlier this year started Optain, which aims to identify diseases via retinal imaging. 
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Same hospital, same insurer, but imaging prices twice as high for commercial vs. Medicare Advantage plans

When stated in dollar terms, the median price for imaging services was $490 across commercial plans compared to $191 in MA, experts wrote in Health Affairs. 

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scale money prices shopping transparency reimbursement dollar coins
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Same hospital, same insurer, but imaging prices twice as high for commercial vs. Medicare Advantage plans

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scale money prices shopping transparency reimbursement dollar coins
When stated in dollar terms, the median price for imaging services was $490 across commercial plans compared to $191 in MA, experts wrote in Health Affairs. 
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