Practice Management

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

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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 More than 100 U.S. medical societies are throwing their support behind a new proposal that could reform out-of-date Medicare policies and help limit future payment cuts.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
Yellowcross Kent Thomas Robb Vaules teleradiology

Imaging industry veterans with 55 years of experience launch teleradiology practice management organization

Yellowcross Healthcare is based in Scottsdale, Arizona, providing consulting services to medical groups and healthcare facilities in the U.S. 

February 20, 2024
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Around the web

Cardiovascular Business
Medicare drops AUC requirement for advanced imaging, ASNC celebrates

"This was an unneeded burden, which was solely adding to the administrative hassles of medicine," said American Society of Nuclear Cardiology President Larry Phillips.

Cardiovascular Business
Cardiology, radiology groups urge insurance provider to rethink imaging policy

SCAI and four other major healthcare organizations signed a joint letter in support of intravascular ultrasound. 

Cardiovascular Business
Radiology AI company gains FDA clearance for new CT offerings focused on PE, stroke

The newly approved AI models are designed to improve the detection of pulmonary embolisms and strokes in patients who undergo CT scans.

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