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Practices leaving money on the table | Envision officially files for chapter 11 | NLP boosts revenue | PE opens reading hub

News You Need to Know Today
Practices leaving money on the table | Envision officially files for chapter 11 | NLP boosts revenue | PE opens reading hub
Tuesday, May 16, 2023
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Today's News and Trends

‘We can do better’: Practices leaving money on the table, 2023 RBMA Accounts Receivable Survey shows

"To be brutally honest, even some of the 75th percentile numbers aren’t that great," Kyle Tucker, a member of RBMA’s Data Committee, told Radiology Business. 

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Hospital finance, Despite improving margins, hospitals face a long road to recovery from the COVID pandemic
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‘We can do better’: Practices leaving money on the table, 2023 RBMA Accounts Receivable Survey shows

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Hospital finance, Despite improving margins, hospitals face a long road to recovery from the COVID pandemic
"To be brutally honest, even some of the 75th percentile numbers aren’t that great," Kyle Tucker, a member of RBMA’s Data Committee, told Radiology Business. 
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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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Private equity-backed global teleradiology outfit opens ‘state of the art’ new reporting hub

Midmarket private equity firm Livingbridge acquired Everlight Radiology in 2021 for more than $335 million and hopes to fuel growth with the new facility.

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Everlight Radiology CEO Rob Anderson
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Private equity-backed global teleradiology outfit opens ‘state of the art’ new reporting hub

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Everlight Radiology CEO Rob Anderson
Midmarket private equity firm Livingbridge acquired Everlight Radiology in 2021 for more than $335 million and hopes to fuel growth with the new facility.
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Natural language processing helps increase follow-up imaging adherence, resulting in significant revenue

A new paper details how a team at the University of California utilized a hybrid system consisting of a quality coordinator and NLP software to bring in more than $60,000 in additional revenue from follow-up imaging alone.

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Imaging
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Natural language processing helps increase follow-up imaging adherence, resulting in significant revenue

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Imaging
A new paper details how a team at the University of California utilized a hybrid system consisting of a quality coordinator and NLP software to bring in more than $60,000 in additional revenue from follow-up imaging alone.
READ MORE >

In Other News

A framework for regulating healthcare AI at the federal level has begun taking shape

America’s two major political parties agree on very little of late, but they have a mutual interest in working together toward overseeing AI.

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framework for regulating healthcare artificial intelligence
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A framework for regulating healthcare AI at the federal level has begun taking shape

Share on Twitter Share on Facebook Share on Linkedin
framework for regulating healthcare artificial intelligence
America’s two major political parties agree on very little of late, but they have a mutual interest in working together toward overseeing AI.
READ MORE >

'Bureaucratic and monetary hurdles' hinder international medical graduates' pursuit of radiology

Radiology trainee programs must overcome several barriers to offer J-1 and/or H-1B visas to trainees, with more difficulties associated with the latter.

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Student
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'Bureaucratic and monetary hurdles' hinder international medical graduates' pursuit of radiology

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Student
Radiology trainee programs must overcome several barriers to offer J-1 and/or H-1B visas to trainees, with more difficulties associated with the latter.
READ MORE >

Google's latest large language model is poised to give ChatGPT a run for its money in imaging

One of the main goals of Med-PaLM 2 is to “synthesize information like X-rays and mammograms to one day improve patient outcomes.” 

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Google web search
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Google's latest large language model is poised to give ChatGPT a run for its money in imaging

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Google web search
One of the main goals of Med-PaLM 2 is to “synthesize information like X-rays and mammograms to one day improve patient outcomes.” 
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In Case You Missed It

Alzheimer’s drug could spur upward of $500M in new Medicare spending on imaging

Lecanemab requires a baseline PET scan and follow-up MRIs after infusions, spelling heavy demand for radiology services, experts wrote in JAMA. 

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brain money alzheimer dementia
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Alzheimer’s drug could spur upward of $500M in new Medicare spending on imaging

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brain money alzheimer dementia
Lecanemab requires a baseline PET scan and follow-up MRIs after infusions, spelling heavy demand for radiology services, experts wrote in JAMA. 
READ MORE >

Envision bankruptcy could be 1st canary in the physician services coal mine, MD writer contends

The private equity-backed multispecialty group's failure could have "significant ripple effects" on radiology and other specialties, N. Adam Brown, MD, MBA, wrote recently. 

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Bankruptcy
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Envision bankruptcy could be 1st canary in the physician services coal mine, MD writer contends

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Bankruptcy
The private equity-backed multispecialty group's failure could have "significant ripple effects" on radiology and other specialties, N. Adam Brown, MD, MBA, wrote recently. 
READ MORE >

Philips will pay $62M to settle allegations of corruption

The accusations pertain to the Amsterdam-based corporation’s sales of diagnostic imaging equipment in China, the SEC announced May 11. 

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Philips Headquarters
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Philips will pay $62M to settle allegations of corruption

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Philips Headquarters
The accusations pertain to the Amsterdam-based corporation’s sales of diagnostic imaging equipment in China, the SEC announced May 11. 
READ MORE >

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