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Class-action suit over $164M practice sale | Corporations buy dozens of practices | Proposed Medicare fix | GE invests $138M

News You Need to Know Today
Class-action suit over $164M practice sale | Corporations buy dozens of practices | Proposed Medicare fix | GE invests $138M
Monday, February 3, 2025
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Today's News and Trends

Lawmakers propose bipartisan bill to undo physician Medicare pay cut

Led by Greg Murphy, MD, House representatives are pushing the Medicare Patient Access and Practice Stabilization Act. 

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artificial intelligence regulation legislation
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Lawmakers propose bipartisan bill to undo physician Medicare pay cut

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artificial intelligence regulation legislation
Led by Greg Murphy, MD, House representatives are pushing the Medicare Patient Access and Practice Stabilization Act. 
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Judge grants class-action status in suit over controversial $164M radiology practice sale

The dispute dates to December 2017 when Colorado Springs-based Envision Radiology became 100% owned by its employees.  

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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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Judge grants class-action status in suit over controversial $164M radiology practice sale

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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
The dispute dates to December 2017 when Colorado Springs-based Envision Radiology became 100% owned by its employees.  
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Corporations acquired 113 radiology practices, imaging centers over 11-year period

The South was the most active region with 50 deals, including 18 in Texas and 15 in Florida, experts write in the Journal of the American College of Radiology.

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Healthcare M&A, mergers and acquisitions business deal.
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Corporations acquired 113 radiology practices, imaging centers over 11-year period

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Healthcare M&A, mergers and acquisitions business deal.
The South was the most active region with 50 deals, including 18 in Texas and 15 in Florida, experts write in the Journal of the American College of Radiology.
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GE HealthCare invests $138M in new contrast media manufacturing site amid rising demand

Leaders estimate the hub will generate about 25 million additional does of iodine-based imaging agents annually by the end of 2027. 

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GE HealthCare’s contrast media manufacturing site in Cork Ireland
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GE HealthCare invests $138M in new contrast media manufacturing site amid rising demand

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GE HealthCare’s contrast media manufacturing site in Cork Ireland
Leaders estimate the hub will generate about 25 million additional does of iodine-based imaging agents annually by the end of 2027. 
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Overview of the regulatory landscape of AI in radiology

Nina Kottler, MD, associate CMO for clinical AI at Radiology Partners, explains the movement toward greater regulation of artificial intelligence and the need to test for bias. 

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Nina Kottler, MD, Radiology Partners, offers overview of the U.S. AI regulatory landscape as government and radiologists work on ways to ensure artificial intelligence is not bias and works properly.
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Overview of the regulatory landscape of AI in radiology

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Nina Kottler, MD, Radiology Partners, offers overview of the U.S. AI regulatory landscape as government and radiologists work on ways to ensure artificial intelligence is not bias and works properly.
Nina Kottler, MD, associate CMO for clinical AI at Radiology Partners, explains the movement toward greater regulation of artificial intelligence and the need to test for bias. 
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In Case You Missed It

‘Understaffing is ubiquitous’ in radiology, according to new ACR/RBMA workforce survey

About 69% of radiologists surveyed in 2023 said their organization is understaffed, up from 67% the previous year, the two associations reported. 

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Job posting hiring job board human resources for hire
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‘Understaffing is ubiquitous’ in radiology, according to new ACR/RBMA workforce survey

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Job posting hiring job board human resources for hire
About 69% of radiologists surveyed in 2023 said their organization is understaffed, up from 67% the previous year, the two associations reported. 
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DirectMed Imaging acquires Richardson Healthcare

The parts, training and support company DirectMed Imaging of San Diego is acquiring a majority of assets owned by Richardson Healthcare in LaFox, Ill. 

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handshake_deal.jpg
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DirectMed Imaging acquires Richardson Healthcare

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handshake_deal.jpg
The parts, training and support company DirectMed Imaging of San Diego is acquiring a majority of assets owned by Richardson Healthcare in LaFox, Ill. 
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Medical imaging trends to watch in 2025

The healthcare market analysis firm Signify Research released a list of predictions in radiology its analysts expect to see in 2025. 

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CT scanners on display in the United Imaging booth at RSNA 2023. Photo by Dave Fornell. #RSNA #RSNA23 #RSNA2023 orthopedic imaging
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Medical imaging trends to watch in 2025

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CT scanners on display in the United Imaging booth at RSNA 2023. Photo by Dave Fornell. #RSNA #RSNA23 #RSNA2023 orthopedic imaging
The healthcare market analysis firm Signify Research released a list of predictions in radiology its analysts expect to see in 2025. 
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ACR shares guidance to help members deal with confusing White House executive orders

A string of executive orders from the White House created serious concerns among radiologists and other healthcare providers throughout the United States. The American College of Radiology issued a statement to help guide its members through the chaos. 

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Congress is considering legislation to prevent or mitigate the Medicare physician payment cuts that went into effect in January 2024, and the Society for Cardiovascular Angiography and Interventions (SCAI) is urging members to mobile and write their Congressmen to weigh in on the bill.
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ACR shares guidance to help members deal with confusing White House executive orders

Share on Twitter Share on Facebook Share on Linkedin
Congress is considering legislation to prevent or mitigate the Medicare physician payment cuts that went into effect in January 2024, and the Society for Cardiovascular Angiography and Interventions (SCAI) is urging members to mobile and write their Congressmen to weigh in on the bill.
A string of executive orders from the White House created serious concerns among radiologists and other healthcare providers throughout the United States. The American College of Radiology issued a statement to help guide its members through the chaos. 
READ MORE >

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