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$500M in new imaging spending | Envision bankruptcy a canary in the coal mine? | Philips to pay $62M, SEC says

News You Need to Know Today
$500M in new imaging spending | Envision bankruptcy a canary in the coal mine? | Philips to pay $62M, SEC says
Monday, May 15, 2023
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Today's News and Trends

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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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. 
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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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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 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. 
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In Case You Missed It

Radiology Partners announces changes in its board room

William Brody, MD, is stepping down from the practice's governing body, with a notable name serving as his replacement. 

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Andrew Litt
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Radiology Partners announces changes in its board room

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Andrew Litt
William Brody, MD, is stepping down from the practice's governing body, with a notable name serving as his replacement. 
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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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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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ACR Council passes resolution advocating for the protection of radiologists in states that ban abortion

“I am delighted by the overwhelming support Resolution #11 received at the ACR meeting," one of its supporters told Radiology Business. 

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ACR Council passes resolution advocating for the protection of radiologists in states that ban abortion

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“I am delighted by the overwhelming support Resolution #11 received at the ACR meeting," one of its supporters told Radiology Business. 
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In Other News

Cardiology has embraced AI more than most other specialties

Cardiology is linked to the second largest group of FDA-cleared clinical AI algorithms, and the number is still growing. 

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An example of HeartFlow's new RoadMap Stenosis software that uses artificial intelligence (AI) to show areas of interest for possible stenting based on a patient's CT scan and FFR-CT. This software is still undergoing beta testing at several hospitals and will likely be rolled out commercially later in 2023.
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Cardiology has embraced AI more than most other specialties

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An example of HeartFlow's new RoadMap Stenosis software that uses artificial intelligence (AI) to show areas of interest for possible stenting based on a patient's CT scan and FFR-CT. This software is still undergoing beta testing at several hospitals and will likely be rolled out commercially later in 2023.
Cardiology is linked to the second largest group of FDA-cleared clinical AI algorithms, and the number is still growing. 
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Solar cell materials could make medical imaging safer, more cost-effective

Not only could the materials reduce patient exposure to ionizing radiation, they also could reduce costs associated with traditional X-ray equipment, according to newly published research in Nature Communications.

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Solar cell materials could make medical imaging safer, more cost-effective

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Not only could the materials reduce patient exposure to ionizing radiation, they also could reduce costs associated with traditional X-ray equipment, according to newly published research in Nature Communications.
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