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News You Need to Know Today
RadNet opening centers in Walmart | Moody's downgrades Rad Partners | RSNA takeaways | LucidHealth names new CEO
Tuesday, December 5, 2023
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Today's News and Trends

RadNet inks deal to open diagnostic imaging centers in multiple Walmart locations

The two giants in their respective industries plan to debut the first “MammogramNow” clinic Dec. 8 at the supercenter in Milford, Delaware. 

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Along with X-rays, the new Walmart in-store Walmart Health clinics will also offer primary care, lab work, EKGs, behavioral health, dental, optical, and hearing services, all for a flat fee, the retailer reported. 
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RadNet inks deal to open diagnostic imaging centers in multiple Walmart locations

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Along with X-rays, the new Walmart in-store Walmart Health clinics will also offer primary care, lab work, EKGs, behavioral health, dental, optical, and hearing services, all for a flat fee, the retailer reported. 
The two giants in their respective industries plan to debut the first “MammogramNow” clinic Dec. 8 at the supercenter in Milford, Delaware. 
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4 key trends in radiology at RSNA 2023

The rapidly growing shortage of radiologists and technologists was by far the biggest concern discussed across the Radiological Society of North America meeting.

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Large crowd in the recruiters row on the RSNA expo floor. There was a record number of recruiters at RSNA this year as the radiologist shortage begins to hurt many healthcare systems. The shortage was also brought up in nearly all discussions Radiology Business has at RSNAS 2023. #RSNA #RSNA23 #RSNA2023
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4 key trends in radiology at RSNA 2023

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Large crowd in the recruiters row on the RSNA expo floor. There was a record number of recruiters at RSNA this year as the radiologist shortage begins to hurt many healthcare systems. The shortage was also brought up in nearly all discussions Radiology Business has at RSNAS 2023. #RSNA #RSNA23 #RSNA2023
The rapidly growing shortage of radiologists and technologists was by far the biggest concern discussed across the Radiological Society of North America meeting.
READ MORE >

Moody’s downgrades Radiology Partners, citing ‘very high leverage’

Analysts said the decision reflects increasing risk for RP, which faces forthcoming debt maturities and the chance it may need to execute a distressed exchange. 

READ MORE >
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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Moody’s downgrades Radiology Partners, citing ‘very high leverage’

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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.
Analysts said the decision reflects increasing risk for RP, which faces forthcoming debt maturities and the chance it may need to execute a distressed exchange. 
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Private equity-backed radiology provider LucidHealth appoints news CEO

The company did not give a reason for the departure of previous chief executive Asif Ahmad, who filled the role from 2020 to 2023. 

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LucidHealth CEO Steve Corbeil
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Private equity-backed radiology provider LucidHealth appoints news CEO

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LucidHealth CEO Steve Corbeil
The company did not give a reason for the departure of previous chief executive Asif Ahmad, who filled the role from 2020 to 2023. 
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Intelerad signs $50M multi-year agreement with 1 of state’s largest hospital systems

Following a recent merger, the 22-hospital organization will deploy its PACS, work list, VNA and image exchange solutions systemwide. 

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Intelerad signs $50M multi-year agreement with 1 of state’s largest hospital systems

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Following a recent merger, the 22-hospital organization will deploy its PACS, work list, VNA and image exchange solutions systemwide. 
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In Other News

Woman shot in buttocks by own gun during MRI appointment

The unnamed woman had concealed the weapon, which the MRI machine triggered to fire during an exam. 

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handgun.jpg
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Woman shot in buttocks by own gun during MRI appointment

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handgun.jpg
The unnamed woman had concealed the weapon, which the MRI machine triggered to fire during an exam. 
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How radiology departments can decarbonize, save money

Philips and Vanderbilt University Medical Center have released findings from their efforts to reduce waste in the hospital's radiology department.

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Philips Vanderbilt Carbon Emissions Warning
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How radiology departments can decarbonize, save money

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Philips Vanderbilt Carbon Emissions Warning
Philips and Vanderbilt University Medical Center have released findings from their efforts to reduce waste in the hospital's radiology department.
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Featured Articles

Jury convicts radiology business owner in imaging-contrast kickback scheme

Neurosurgeon Payam Toobian, MD, oversaw a scam in which two physicians would receive gift cards and cash in exchange for referrals to his imaging center.

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jury court verdict juror lawsuit trial
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Jury convicts radiology business owner in imaging-contrast kickback scheme

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jury court verdict juror lawsuit trial
Neurosurgeon Payam Toobian, MD, oversaw a scam in which two physicians would receive gift cards and cash in exchange for referrals to his imaging center.
READ MORE >

Aidoc invests $30M to create first-of-its-kind artificial intelligence model

The new AI effort will initially focus on three key areas, including accelerating the development of robust imaging algorithms, leaders said at RSNA 2023. 

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artificial intelligence money finance acquisition
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Aidoc invests $30M to create first-of-its-kind artificial intelligence model

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artificial intelligence money finance acquisition
The new AI effort will initially focus on three key areas, including accelerating the development of robust imaging algorithms, leaders said at RSNA 2023. 
READ MORE >

Bankruptcy judge approves radiology provider Akumin’s plan to go private under new ownership

Under terms of the deal, lender Stonepeak will swap some $470 million in debt for ownership in the reorganized business.

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akumin_square2.jpg
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Bankruptcy judge approves radiology provider Akumin’s plan to go private under new ownership

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akumin_square2.jpg
Under terms of the deal, lender Stonepeak will swap some $470 million in debt for ownership in the reorganized business.
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Mismatch between radiologist shortages, rising exam volumes a growing concern in medical imaging

Michael Bruno, MD, vice chair for quality and patient safety at the Penn State Milton S. Hershey Medical Center, discusses two hot topics at RSNA 2023. 

READ MORE >
Video interview with Michael Bruno, MD, FACR, on the growing radiology staffing shortage, way to address this, and the growing problem of exam mismatch. He spoke to Radiology Business Digital Editor Dave Fornell at RSNA 2023. #RSNA #RSNA23 #RSNA2023 #radiologistshortage
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Mismatch between radiologist shortages, rising exam volumes a growing concern in medical imaging

Share on Twitter Share on Facebook Share on Linkedin
Video interview with Michael Bruno, MD, FACR, on the growing radiology staffing shortage, way to address this, and the growing problem of exam mismatch. He spoke to Radiology Business Digital Editor Dave Fornell at RSNA 2023. #RSNA #RSNA23 #RSNA2023 #radiologistshortage
Michael Bruno, MD, vice chair for quality and patient safety at the Penn State Milton S. Hershey Medical Center, discusses two hot topics at RSNA 2023. 
READ MORE >

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