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Best of the Week: PE buys telerad group | Society sues Marriott | 'Alarm' from Cigna update

News You Need to Know Today
Best of the Week: PE buys telerad group | Society sues Marriott | 'Alarm' from Cigna update
Saturday, April 29, 2023
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This Week’s News

Radiology society sues Marriott, claiming hotel giant breached contract tied to its annual meeting

The American Roentgen Ray Society is seeking $665,523 in damages along with any related attorneys’ fees, according to the complaint.

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Marriott
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Radiology society sues Marriott, claiming hotel giant breached contract tied to its annual meeting

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Marriott
The American Roentgen Ray Society is seeking $665,523 in damages along with any related attorneys’ fees, according to the complaint.
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S&P downgrades radiology vendor Zotec Partners after losing its largest customer

The Carmel, Indiana-based revenue cycle management provider holds some $307M in loans that are due within a year but has struggled to refinance.

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S&P downgrades radiology vendor Zotec Partners after losing its largest customer

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The Carmel, Indiana-based revenue cycle management provider holds some $307M in loans that are due within a year but has struggled to refinance.
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Private equity firm acquiring teleradiology outfit for $336M

Founded in 2004, Medica employs 400-plus providers working across 100 hospitals and completing 1.5M radiology reports annually.  

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Healthcare M&A, mergers and acquisitions business deal.
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Private equity firm acquiring teleradiology outfit for $336M

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Healthcare M&A, mergers and acquisitions business deal.
Founded in 2004, Medica employs 400-plus providers working across 100 hospitals and completing 1.5M radiology reports annually.  
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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. 
READ MORE >

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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Featured Articles

AI dramatically reduces radiologists’ rate of missed incidental pulmonary embolism on routine CT

The commercial software also reduced the median detection and notification time for incidental PE in flagged scans from “several days” down to just 1 hour.

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artificial intelligence AI deep learning ChatGPT OpenAI Microsoft Google
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AI dramatically reduces radiologists’ rate of missed incidental pulmonary embolism on routine CT

Share on Twitter Share on Facebook Share on Linkedin
artificial intelligence AI deep learning ChatGPT OpenAI Microsoft Google
The commercial software also reduced the median detection and notification time for incidental PE in flagged scans from “several days” down to just 1 hour.
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No Surprises Act is working, new analysis contends, though it’s straining radiology providers’ margins

Urban Institute experts believe that OON payments and dispute resolutions will begin influencing negotiations tied to in-network imaging providers.

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medical billing_4.jpg
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No Surprises Act is working, new analysis contends, though it’s straining radiology providers’ margins

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medical billing_4.jpg
Urban Institute experts believe that OON payments and dispute resolutions will begin influencing negotiations tied to in-network imaging providers.
READ MORE >

FDA halts mammography services at facility that posed ‘serious risk to human health’

University Park OBGYN had its accreditation revoked effective in September, with the facility opting not to appeal the ruling, the FDA said.  

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mammogram mammography breast cancer
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FDA halts mammography services at facility that posed ‘serious risk to human health’

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mammogram mammography breast cancer
University Park OBGYN had its accreditation revoked effective in September, with the facility opting not to appeal the ruling, the FDA said.  
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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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Ultrasound-maker Butterfly Network hires former telemedicine exec as new CEO at $875,000 base salary

Joseph M. DeVivo also is eligible for an annual bonus at 125% of that amount, along with a monthly housing allowance of nearly $17,000

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Butterfly Network Ultrasound
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Ultrasound-maker Butterfly Network hires former telemedicine exec as new CEO at $875,000 base salary

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Butterfly Network Ultrasound
Joseph M. DeVivo also is eligible for an annual bonus at 125% of that amount, along with a monthly housing allowance of nearly $17,000
READ MORE >

Female radiologists earn about 81% of what their male counterparts collect

Women also worked an average of 8% fewer days per year, which does not fully account for the gender pay gap, experts wrote recently.

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Image depicting gap between genders in pay
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Female radiologists earn about 81% of what their male counterparts collect

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Image depicting gap between genders in pay
Women also worked an average of 8% fewer days per year, which does not fully account for the gender pay gap, experts wrote recently.
READ MORE >

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