| The Month in Review | Editor's Note: What would your company do if it had $700 million in cash on its books? This is the enviable position that RadNet finds itself in after a series of financial maneuvers, including refinancing debts and raising funds through a public stock offering. CEO Howard Berger, MD, has growth on his mind, with the company currently only operating in eight states concentrated around the coasts. RadNet isn’t even in some of America’s most populus geographies yet, such as Pennsylvania, Illinois, Ohio or Georgia. It just entered Houston recently and, by all accounts, things are going well there. The company has been a picture of financial discipline with debts dwindling while revenues continue roaring. I’ll be interested to see where they take this ride. Thanks for reading and have a happy 4th. —Marty Stempniak Editor's Note: What would your company do if it had $700 million in cash on its books? This is the enviable position that RadNet finds itself in after a series of financial maneuvers, including refinancing debts and raising funds through a public stock offering. CEO Howard Berger, MD, has growth on his mind, with the company currently only operating in eight states concentrated around the coasts. RadNet isn’t even in some of America’s most populus geographies yet, such as Pennsylvania, Illinois, Ohio or Georgia. It just entered Houston recently and, by all accounts, things are going well there. The company has been a picture of financial discipline with debts dwindling while revenues continue roaring. I’ll be interested to see where they take this ride. Thanks for reading and have a happy 4th. —Marty Stempniak |
| He discussed the Los Angeles-based imaging center operator's growth strategy during the Jefferies 2024 Global Healthcare Conference. He discussed the Los Angeles-based imaging center operator's growth strategy during the Jefferies 2024 Global Healthcare Conference. | | |
| The buyer is Port Washington, Pennsylvania-based Mediplex Property Group, which is now leasing the center back to South Jersey Radiology Associates. The buyer is Port Washington, Pennsylvania-based Mediplex Property Group, which is now leasing the center back to South Jersey Radiology Associates. | | |
| Six months after CMS effectively suspended its Appropriate Use Criteria program, some radiologists are planning to carry AUC principles forward anyway. Six months after CMS effectively suspended its Appropriate Use Criteria program, some radiologists are planning to carry AUC principles forward anyway. | | |
| The measure removes requirements related to MRI and PET, along with freestanding EDs and ambulatory surgery centers. The measure removes requirements related to MRI and PET, along with freestanding EDs and ambulatory surgery centers. | | |
| Between 2015 and 2022, nearly 3,500 physician practices that provide radiology services disappeared from the Medicare Provider Data Log, according to the Neiman Health Policy Institute. Between 2015 and 2022, nearly 3,500 physician practices that provide radiology services disappeared from the Medicare Provider Data Log, according to the Neiman Health Policy Institute. | | |
| Neuroradiology has topped the field among imaging subspecialties vying for new fellows to train, filling 287 of 316 certified positions—a 90.8% fill rate—across 87 fellowship programs. Neuroradiology has topped the field among imaging subspecialties vying for new fellows to train, filling 287 of 316 certified positions—a 90.8% fill rate—across 87 fellowship programs. | | |
| The ACR shared its concerns about the lack of participation as the deadline approaches. The ACR shared its concerns about the lack of participation as the deadline approaches. | | |
| "This article will serve as a landmark reference for navigating short-term labor challenges in radiology," explains one editorial about the suggestions. "This article will serve as a landmark reference for navigating short-term labor challenges in radiology," explains one editorial about the suggestions. | | |
| The Federal Trade Commission, Department of Justice, and Health and Human Services recently launched an inquiry into private equity and other corporations’ “increasing control over healthcare." The Federal Trade Commission, Department of Justice, and Health and Human Services recently launched an inquiry into private equity and other corporations’ “increasing control over healthcare." | | |
| Arabinda Choudhary has been named the new radiology chair at Upstate Medical University's while Bharat B. Mittal, MD, is stepping down as RO head at Northwestern. Arabinda Choudhary has been named the new radiology chair at Upstate Medical University's while Bharat B. Mittal, MD, is stepping down as RO head at Northwestern. | | |
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