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Best of the Week: Envision bankruptcy | Rad Partners changes | PE shopping practice | USPSTF update | Cyberlawsuit

News You Need to Know Today
Best of the Week: Envision bankruptcy | Rad Partners changes | PE shopping practice | USPSTF update | Cyberlawsuit
Saturday, May 13, 2023
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This Week’s News

Private equity-backed radiology provider Envision Healthcare to file for bankruptcy: Report

The move is expected to wipe out the entire investment of KKR, which first took the publicly traded physician group private in a 2018 $5.5B buyout. 

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Money bankruptcy debt liquidation
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Private equity-backed radiology provider Envision Healthcare to file for bankruptcy: Report

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Money bankruptcy debt liquidation
The move is expected to wipe out the entire investment of KKR, which first took the publicly traded physician group private in a 2018 $5.5B buyout. 
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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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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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USPSTF recommends women begin breast cancer screening at 40, boosting stocks at mammo-related firms

The draft update marks a shift from the task force's previous guidelines, which had endorsed screening beginning at age 50.

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Artificial intelligence can help make breast cancer screening mammography more accurate.
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USPSTF recommends women begin breast cancer screening at 40, boosting stocks at mammo-related firms

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Artificial intelligence can help make breast cancer screening mammography more accurate.
The draft update marks a shift from the task force's previous guidelines, which had endorsed screening beginning at age 50.
READ MORE >

Radiology practice sues broker for allegedly letting insurance lapse the same day it suffered a cyberattack

Raleigh Radiology is seeking $1 million-plus in damages, alleging that Arthur J. Gallagher & Co. failed to renew its cyber liability insurance ahead of a ransomware attack. 

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Radiology practice sues broker for allegedly letting insurance lapse the same day it suffered a cyberattack

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Raleigh Radiology is seeking $1 million-plus in damages, alleging that Arthur J. Gallagher & Co. failed to renew its cyber liability insurance ahead of a ransomware attack. 
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Featured Articles

RadNet revising 2023 financial projections, adding capacity amid ‘heavy demand’ for imaging

PET/CT saw the biggest gains, up almost 21% year-over-year compared to Q1 of 2022, with the group collecting $390M in revenue (up 14%). 

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profits revenue finance money
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RadNet revising 2023 financial projections, adding capacity amid ‘heavy demand’ for imaging

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profits revenue finance money
PET/CT saw the biggest gains, up almost 21% year-over-year compared to Q1 of 2022, with the group collecting $390M in revenue (up 14%). 
READ MORE >

Medical imaging vacancy rates haven’t been this high in at least 20 years

The radiographer profession, for one, hit an "all time high" in 2023, with 18.1% of actively recruited positions sitting unfilled, the ASRT reported. 

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Radiology job market update. More than two years after the onset of the pandemic, changes in COVID-related policies and postures — as well as accompanying cultural shifts in the workplace — continue to drive trends in the job market for radiologists. In 2022, things look markedly different than during the early stages of the pandemic and it’s clear that radiologist job seekers now have many options and greater workplace flexibility.
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Medical imaging vacancy rates haven’t been this high in at least 20 years

Share on Twitter Share on Facebook Share on Linkedin
Radiology job market update. More than two years after the onset of the pandemic, changes in COVID-related policies and postures — as well as accompanying cultural shifts in the workplace — continue to drive trends in the job market for radiologists. In 2022, things look markedly different than during the early stages of the pandemic and it’s clear that radiologist job seekers now have many options and greater workplace flexibility.
The radiographer profession, for one, hit an "all time high" in 2023, with 18.1% of actively recruited positions sitting unfilled, the ASRT reported. 
READ MORE >

1 in 3 physicians sued during career, with radiologists ‘significantly’ more likely to face litigation

Over 40% of radiologists said they’ve been sued during the course of their career, according to new survey data from the American Medical Association. 

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The long legal saga of Richard Paulus, a Kentucky cardiologist accused of performing unnecessary cardiac procedures, appears to still be going strong in 2022 and might be reviewed by the Supreme Court. The New York state radiologist is facing 36 misdemeanor counts for secret sexual recording without consent, according to a story in the Boston Herald.
Share on Twitter Share on Facebook Share on Linkedin

1 in 3 physicians sued during career, with radiologists ‘significantly’ more likely to face litigation

Share on Twitter Share on Facebook Share on Linkedin
The long legal saga of Richard Paulus, a Kentucky cardiologist accused of performing unnecessary cardiac procedures, appears to still be going strong in 2022 and might be reviewed by the Supreme Court. The New York state radiologist is facing 36 misdemeanor counts for secret sexual recording without consent, according to a story in the Boston Herald.
Over 40% of radiologists said they’ve been sued during the course of their career, according to new survey data from the American Medical Association. 
READ MORE >

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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graph
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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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akumin_square2.jpg
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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. 
READ MORE >

Radiology societies urge commercial insurers to align with Medicare on payment policy for key procedure

Imaging groups and pain-management associations urged Humana, Aetna and others to lift restrictions around procedures to treat compression fractures. 

READ MORE >
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Radiology societies urge commercial insurers to align with Medicare on payment policy for key procedure

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Imaging groups and pain-management associations urged Humana, Aetna and others to lift restrictions around procedures to treat compression fractures. 
READ MORE >

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