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News You Need to Know Today
Private equity's growing interest | Is Rad Partners turning a corner? | HHS responds on Change attack | FTC to probe PE
Wednesday, March 6, 2024
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Today's News and Trends

Private equity ownership in radiology rises, with investors holding dominant position in some markets

Across the specialty, 15 private equity firms held market shares greater than 30% in their service area, researchers detailed in Health Affairs. 

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Private equity ownership in radiology rises, with investors holding dominant position in some markets

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merger acquisition handshake deal business agreement partnership
Across the specialty, 15 private equity firms held market shares greater than 30% in their service area, researchers detailed in Health Affairs. 
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HHS responds to physician concerns raised after Change Healthcare cyberattack

The department is urging managed care plans to relax prior authorization requirements during the outage and instructing MACs to accept paper claims. 

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HHS responds to physician concerns raised after Change Healthcare cyberattack

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The department is urging managed care plans to relax prior authorization requirements during the outage and instructing MACs to accept paper claims. 
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S&P expects Radiology Partners to generate positive free cash flow for 1st time in years

The country's largest imaging group spent more than it was collecting in both 2022 and 2023, but the ratings agency believes it may be turning a corner. 

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Money
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S&P expects Radiology Partners to generate positive free cash flow for 1st time in years

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Money
The country's largest imaging group spent more than it was collecting in both 2022 and 2023, but the ratings agency believes it may be turning a corner. 
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Feds launch inquiry to assess private equity’s impact on healthcare

The Federal Trade Commission, Department of Justice, and Health and Human Services want to learn more about corporations’ “increasing control” of the field. 

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Feds launch inquiry to assess private equity’s impact on healthcare

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magnifying-glass-699777_1280.jpg
The Federal Trade Commission, Department of Justice, and Health and Human Services want to learn more about corporations’ “increasing control” of the field. 
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Yakima Valley Radiology experiences data breach

The Washington state-based practice launched an investigation, consulted with cybersecurity experts and is offering credit-monitoring services. 

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cybercrime
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Yakima Valley Radiology experiences data breach

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cybercrime
The Washington state-based practice launched an investigation, consulted with cybersecurity experts and is offering credit-monitoring services. 
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In Other News

MRI anxiety worse for girls from minority backgrounds, study finds

Latina girls ages 8-13 were placed in an MRI and given an emotional processing test to measure fear response.

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MRI anxiety worse for girls from minority backgrounds, study finds

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Latina girls ages 8-13 were placed in an MRI and given an emotional processing test to measure fear response.
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Experts publish consensus statement on imaging for GI bleeds

A panel of 24 experts from the American College of Gastroenterology and Society of Abdominal Radiology shared their statement in Radiology.

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Experts publish consensus statement on imaging for GI bleeds

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stomach gastrointestinal digestive
A panel of 24 experts from the American College of Gastroenterology and Society of Abdominal Radiology shared their statement in Radiology.
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FDA grants AI software for imaging-based heart assessments its breakthrough device designation

The new software was also added to the FDA's Tap Pilot program, an honor reserved for “high-quality, safe, effective and innovative medical devices."

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AI artificial intelligence stethoscope doctor
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FDA grants AI software for imaging-based heart assessments its breakthrough device designation

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AI artificial intelligence stethoscope doctor
The new software was also added to the FDA's Tap Pilot program, an honor reserved for “high-quality, safe, effective and innovative medical devices."
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In Case You Missed It

Technologist files class action lawsuit claiming imaging provider violated labor laws

Attorneys accuse Digirad of failing to pay minimum wages or overtime and shirking laws requiring regular meal and rest periods. 

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Technologist files class action lawsuit claiming imaging provider violated labor laws

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Attorneys accuse Digirad of failing to pay minimum wages or overtime and shirking laws requiring regular meal and rest periods. 
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Physicians urge HHS to tap emergency funds to help practices survive Change Healthcare cyberattack

“There’s a lot of scrambling among our members,” Radiology Business Management Association Executive Director Bob Still said Monday. 

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Physicians urge HHS to tap emergency funds to help practices survive Change Healthcare cyberattack

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“There’s a lot of scrambling among our members,” Radiology Business Management Association Executive Director Bob Still said Monday. 
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Private equity-backed radiology provider LucidHealth names chief operating officer

David Grau served as the Columbus-based company’s chief strategy officer from 2020 to 2023 before recently taking on the newly created COO role. 
 

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David Grau LucidHealth
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Private equity-backed radiology provider LucidHealth names chief operating officer

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David Grau LucidHealth
David Grau served as the Columbus-based company’s chief strategy officer from 2020 to 2023 before recently taking on the newly created COO role.   
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Current measuring stick may be underselling interventional radiology’s impact

IRs are inconsistently defined in health research and underrepresented by specialty designation in claims data, experts wrote Monday. 

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Medicare data stethoscope healthcare trends graphs finance financials
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Current measuring stick may be underselling interventional radiology’s impact

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Medicare data stethoscope healthcare trends graphs finance financials
IRs are inconsistently defined in health research and underrepresented by specialty designation in claims data, experts wrote Monday. 
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Sectra inks $16M enterprise imaging contract with large Midwest provider

The deal is with an unspecified radiology organization spanning multiple states, operating more than 20 sites that handle 2 million-plus medical images per year. 

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Cloud technology
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Sectra inks $16M enterprise imaging contract with large Midwest provider

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Cloud technology
The deal is with an unspecified radiology organization spanning multiple states, operating more than 20 sites that handle 2 million-plus medical images per year. 
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