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News You Need to Know Today
Policy | December 2023: Hospital tries to pin $10M verdict on rad | Private equity scrutiny | Jury convicts center owner
Tuesday, December 26, 2023
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Editor's Choice: Economics

White House announces plan to scrutinize private equity ownership in healthcare

The administration said it is launching a cross-government public inquiry into “corporate greed" in medicine, with roll-up acquisitions one area of focus. 

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White House announces plan to scrutinize private equity ownership in healthcare

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The administration said it is launching a cross-government public inquiry into “corporate greed" in medicine, with roll-up acquisitions one area of focus. 
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Hospital fails to dodge $10M malpractice verdict after attempting to pin payment on radiologist

A nurse punctured the 68-year-old patient's lung with a feeding tube in 2018, and radiologist Louis Jacobs, MD, subsequently failed to spot the injury on X-ray. 

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Former managers of a Tampa Florida-based radiology company Advanced Diagnostic Group (ADG) and its employee stock ownership plan (ESOP) retirement benefit manager GreatBanc Trust Co. will pay $19 million to settle a class action lawsuit. The suit alleges they allowed the ESOP’s value to be diverted to managers, directors and their shell companies and away from employee participants. money gavel court lawsuit legal judge judgement
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Hospital fails to dodge $10M malpractice verdict after attempting to pin payment on radiologist

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Former managers of a Tampa Florida-based radiology company Advanced Diagnostic Group (ADG) and its employee stock ownership plan (ESOP) retirement benefit manager GreatBanc Trust Co. will pay $19 million to settle a class action lawsuit. The suit alleges they allowed the ESOP’s value to be diverted to managers, directors and their shell companies and away from employee participants. money gavel court lawsuit legal judge judgement
A nurse punctured the 68-year-old patient's lung with a feeding tube in 2018, and radiologist Louis Jacobs, MD, subsequently failed to spot the injury on X-ray. 
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GE, Philips and Siemens among those jumping ship from imaging trade group to unite around newly formed alternative

UPDATED: AdvaMed, the Advanced Medical Technology Association, announced the launch of its Medical Imaging Division on Dec. 11. 

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Scott Whitaker
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GE, Philips and Siemens among those jumping ship from imaging trade group to unite around newly formed alternative

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Scott Whitaker
UPDATED: AdvaMed, the Advanced Medical Technology Association, announced the launch of its Medical Imaging Division on Dec. 11. 
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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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Bankruptcy judge approves radiology provider Akumin’s plan to go private under new ownership

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Under terms of the deal, lender Stonepeak will swap some $470 million in debt for ownership in the reorganized business.
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Congress adjourns for 2023 without a radiologist pay fix

ACR expects the House and Senate to address this issue when lawmakers debate the Continuing Resolution set to expire Jan. 19.

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Congress adjourns for 2023 without a radiologist pay fix

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Congress dome capitol Washington
ACR expects the House and Senate to address this issue when lawmakers debate the Continuing Resolution set to expire Jan. 19.
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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 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.
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Radiologist ends nearly 50-year career to resolve complaint before state regulatory board

Satish P. Shah, MD, allegedly failed to detect fetal abnormalities on two pediatric ultrasounds, delaying care and patient management. 
 

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Radiologist ends nearly 50-year career to resolve complaint before state regulatory board

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Satish P. Shah, MD, allegedly failed to detect fetal abnormalities on two pediatric ultrasounds, delaying care and patient management.   
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Feds issue final rule setting No Surprises Act IDR administrative fee at $115

This action comes in response to a lawsuit filed by the Texas Medical Association earlier this year, challenging a 600% increase to this charge.

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Feds issue final rule setting No Surprises Act IDR administrative fee at $115

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This action comes in response to a lawsuit filed by the Texas Medical Association earlier this year, challenging a 600% increase to this charge.
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GAO: No Surprises Act rollout has been ‘challenging’ for radiologists, other physicians

The feds anticipated only about 22,000 disputes between insurers and providers, but the actual number was more than 20 times higher. 

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GAO: No Surprises Act rollout has been ‘challenging’ for radiologists, other physicians

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medical billing_4.jpg
The feds anticipated only about 22,000 disputes between insurers and providers, but the actual number was more than 20 times higher. 
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Congressman introduces bipartisan bill to ban electronic fund transfer fees paid by physicians

“Greedy health insurers attempt to scalp doctors and patients every step of the way throughout the care process," said Rep. Greg Murphy, MD.

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Congressman introduces bipartisan bill to ban electronic fund transfer fees paid by physicians

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“Greedy health insurers attempt to scalp doctors and patients every step of the way throughout the care process," said Rep. Greg Murphy, MD.
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ACR, state radiological society urge governor to veto bill related to wrongful death damages

“Any action that would increase medical liability costs carries the potential negative consequence of physicians leaving our state to practice elsewhere," the two said. 

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New York Albany capitol building. New York state has granted nurse practitioners full practice authority, despite opposition from radiologists and other physician groups.
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ACR, state radiological society urge governor to veto bill related to wrongful death damages

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New York Albany capitol building. New York state has granted nurse practitioners full practice authority, despite opposition from radiologists and other physician groups.
“Any action that would increase medical liability costs carries the potential negative consequence of physicians leaving our state to practice elsewhere," the two said. 
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