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Economics | May 2023: Rads among highest paid in US | Walmart Health expands | HCA-Envision JV partnership

News You Need to Know Today
Economics | May 2023: Rads among highest paid in US | Walmart Health expands | HCA-Envision JV partnership
Tuesday, May 23, 2023
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Editor's Choice: Economics

Justice Department accuses radiologist of amassing $6.5M in improper Medicare payments

James McGuckin, MD, allegedly submitted more than 500 false claims for unnecessary vascular procedures between 2016 to 2019, the DOJ said.

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Medicare money payment
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Justice Department accuses radiologist of amassing $6.5M in improper Medicare payments

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Medicare money payment
James McGuckin, MD, allegedly submitted more than 500 false claims for unnecessary vascular procedures between 2016 to 2019, the DOJ said.
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Radiologist among the 6 highest-paying jobs in America

The specialty’s $329,080 average salary placed it behind four other medical specialties, along with “athletes and sports competitors," according to the Department of Labor.

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Medicare money payment physician. The CardioVascular Coalition and Society for Cardiovascular Angiography and Interventions have both issued new statements highlighting their issues with the 2024 MPFS proposed rule. 
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Radiologist among the 6 highest-paying jobs in America

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Medicare money payment physician. The CardioVascular Coalition and Society for Cardiovascular Angiography and Interventions have both issued new statements highlighting their issues with the 2024 MPFS proposed rule. 
The specialty’s $329,080 average salary placed it behind four other medical specialties, along with “athletes and sports competitors," according to the Department of Labor.
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Hospital system seeks to scale imaging chain offering scans at up to 70% below traditional pricing

MetroHealth will expand its Lumina brand of patient-centric imaging sites via a franchise model, offering others a turn-key way to create retail-like radiology offerings. 

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A location of Lumina imaging in Ohio
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Hospital system seeks to scale imaging chain offering scans at up to 70% below traditional pricing

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A location of Lumina imaging in Ohio
MetroHealth will expand its Lumina brand of patient-centric imaging sites via a franchise model, offering others a turn-key way to create retail-like radiology offerings. 
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For-profit hospital giant HCA Healthcare touts joint venture with Envision Radiology

Clear Connect Medical Imaging will offer state-of-the-art technology, private dressing rooms and other modern amenities

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For-profit hospital giant HCA Healthcare touts joint venture with Envision Radiology

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Clear Connect Medical Imaging will offer state-of-the-art technology, private dressing rooms and other modern amenities
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Radiology provider Envision Healthcare officially files for bankruptcy, hoping to cancel $5.6B in debt

The private equity-backed multispecialty group said that it has voluntarily entered into an agreement to restructure 60% of its obligations. 

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jim_retchin_envision_president_ceo.jpg
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Radiology provider Envision Healthcare officially files for bankruptcy, hoping to cancel $5.6B in debt

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jim_retchin_envision_president_ceo.jpg
The private equity-backed multispecialty group said that it has voluntarily entered into an agreement to restructure 60% of its obligations. 
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Featured Articles

Radiologists rapidly launch inpatient IR consult service that’s generating tens of thousands in new revenue

Between 2020-2021 (and amid the pandemic), interventional consult volumes climbed 13%, while consult-specific payments leapt by 84%, experts detailed.  

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Radiologists rapidly launch inpatient IR consult service that’s generating tens of thousands in new revenue

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graph
Between 2020-2021 (and amid the pandemic), interventional consult volumes climbed 13%, while consult-specific payments leapt by 84%, experts detailed.  
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Radiology provider Akumin highlights ‘robust’ growth in PET/CT volumes with no signs of slowing

The Plantation, Florida, company saw volumes from the modality leap 16.1% on a same-store basis when compared to Q1 of 2022, leaders said. 

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Radiology provider Akumin highlights ‘robust’ growth in PET/CT volumes with no signs of slowing

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akumin_square2.jpg
The Plantation, Florida, company saw volumes from the modality leap 16.1% on a same-store basis when compared to Q1 of 2022, leaders said. 
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Private equity firm seeking upward of $135M in sale of radiology group

The mid-market-sized Growth Fund has hired advisors and is now gauging interest from potential buyers, according to a recently published report. 

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Private equity firm seeking upward of $135M in sale of radiology group

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The mid-market-sized Growth Fund has hired advisors and is now gauging interest from potential buyers, according to a recently published report. 
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Radiology provider Envision Healthcare scores $91M judgment against UnitedHealthcare

The nation's largest insurer reportedly breached its contract with the PE-backed multispecialty group by “unilaterally reducing reimbursement rates.” 

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Radiology provider Envision Healthcare scores $91M judgment against UnitedHealthcare

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The nation's largest insurer reportedly breached its contract with the PE-backed multispecialty group by “unilaterally reducing reimbursement rates.” 
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Radiology societies ‘alarmed’ by administrative burden, costs posed by new Cigna policy

Starting in May, the health insurer will require the submission of medical office notes when docs seek payment in certain scenarios. 

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Cigna, one of the nation’s largest health insurance providers, announced new priorities for its capital deployment, including steering an additional $450 million into Cigna Ventures.
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Radiology societies ‘alarmed’ by administrative burden, costs posed by new Cigna policy

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Cigna, one of the nation’s largest health insurance providers, announced new priorities for its capital deployment, including steering an additional $450 million into Cigna Ventures.
Starting in May, the health insurer will require the submission of medical office notes when docs seek payment in certain scenarios. 
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Walmart Health expanding into 3rd new state, offering imaging, Epic EHR integration

The Arkansas-based retail giant previously announced plans to more than double its healthcare footprint by the end of 2024. 

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Walmart imaging
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Walmart Health expanding into 3rd new state, offering imaging, Epic EHR integration

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Walmart imaging
The Arkansas-based retail giant previously announced plans to more than double its healthcare footprint by the end of 2024. 
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