Practice Management

Practice management involves overseeing all business aspects of a medical practice including financials, human resources, information technology, compliance, marketing and operations.

affidea

Investor-backed diagnostic imaging provider Affidea scores $216M in growth capital

The radiology group executed 14 acquisitions last year, adding 24 new imaging centers to its network for a total of 355. 

February 28, 2024
analyzing data

Radiology Partners’ restructuring reduces its debt by 20% or $600M, Moody’s estimates

That would leave RP’s current obligations at about $2.4 billion, with debt maturities now extended by several years. 

February 28, 2024
Texas

RadNet enters first new market since 2020, acquiring 7 imaging centers

The M&A deal is with Houston Medical Imaging, which performed over 135,000 procedures last year, producing $28M in revenue. 
 

February 28, 2024
Medicare money payment reimbursement dollar decline. More than 100 U.S. medical societies are throwing their support behind a new proposal that could reform out-of-date Medicare policies and help limit future payment cuts. 

S&P views Radiology Partners’ debt refinancing maneuvers as ‘tantamount to a default’

The country’s largest radiology practice first announced the series of actions, including raising $720 million in new “growth equity,” on Feb. 15. 

February 26, 2024
mergers and acquisitions M&A puzzle

Strategic Radiology expands to its 23rd state, adding 48-physician new member practice

Based in the coastal city of Myrtle Beach, S.C., Carolina Radiology Associates is the state’s largest private imaging group. 

February 22, 2024
money business cash flow dollar. Kingsway Financial Services, a Chicago-based holding company with subsidiaries in several industries, has acquired New Jersey-based Digital Diagnostics Imaging (DDI) for $11 million. The transaction was funded with $5.4 million in cash and $5.6 million in debt financing.

Radiology Partners raises $720M in ‘growth equity’—more than double its target

The nation’s largest radiology practice also has closed previously announced debt restructuring transactions that provide RP with greater financial flexibility. 
 

February 22, 2024
overnight night shift attending radiologist burnout. A new policy statement from the American College of Cardiology highlights the importance of career flexibility—including the ability to change hours or work responsibilities when necessary—for cardiologists of all ages. 

Radiology residents face an average of 46 interruptions during 1 night shift

“Protocol requests” are the most common type of disturbance, University of Iowa researchers detailed in JACR

February 21, 2024
akumin_square2.jpg

Fresh off bankruptcy, radiology provider Akumin inks hospital joint venture deal

The company is partnering with Northern Nevada Sierra Medical Center to help expand radiation oncology services across the Reno marketplace.

February 21, 2024

Around the web

Peninsula Imaging told Mary Raver in 2014 that a cancerous growth was benign. She now has 18 months to live.

The Society for Cardiovascular Magnetic Resonance applauded two new CPT Category III codes for myocardial blood flow reserve (MBFR) assessments.

The newly approved device is much smaller than previous offerings, helping operators capture 3D images during structural heart evaluations. 

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