Economics

This channel highlights factors that impact hospital and healthcare economics and revenue. This includes news on healthcare policies, reimbursement, marketing, business plans, mergers and acquisitions, supply chain, salaries, staffing, and the implementation of a cost-effective environment for patients and providers.

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.

Moody’s downgrades Radiology Partners, citing ‘very high leverage’

Analysts said the decision reflects increasing risk for RP, which faces forthcoming debt maturities and the chance it may need to execute a distressed exchange. 

December 5, 2023
LucidHealth CEO Steve Corbeil

Private equity-backed radiology provider LucidHealth appoints news CEO

The company did not give a reason for the departure of previous chief executive Asif Ahmad, who filled the role from 2020 to 2023. 

December 5, 2023

Intelerad signs $50M multi-year agreement with 1 of state’s largest hospital systems

Following a recent merger, the 22-hospital organization will deploy its PACS, work list, VNA and image exchange solutions systemwide. 

December 5, 2023
Large crowd in the recruiters row on the RSNA expo floor. There was a record number of recruiters at RSNA this year as the radiologist shortage begins to hurt many healthcare systems. The shortage was also brought up in nearly all discussions Radiology Business has at RSNAS 2023. #RSNA #RSNA23 #RSNA2023

4 key trends in radiology at RSNA 2023

The rapidly growing shortage of radiologists and technologists was by far the biggest concern discussed across the Radiological Society of North America meeting.

December 1, 2023
jury court verdict juror lawsuit trial

Jury convicts radiology business owner in imaging-contrast kickback scheme

Neurosurgeon Payam Toobian, MD, oversaw a scam in which two physicians would receive gift cards and cash in exchange for referrals to his imaging center.

December 1, 2023
artificial intelligence money finance acquisition

Aidoc invests $30M to create first-of-its-kind artificial intelligence model

The new AI effort will initially focus on three key areas, including accelerating the development of robust imaging algorithms, leaders said at RSNA 2023. 

November 30, 2023
akumin_square2.jpg

Bankruptcy judge approves radiology provider Akumin’s plan to go private under new ownership

Under terms of the deal, lender Stonepeak will swap some $470 million in debt for ownership in the reorganized business.

November 30, 2023
Philips BlueSeal Mobile MRI

Philips debuts first helium-conserving mobile MRI system of its kind at RSNA 2023

The imaging industry giant developed the mobile unit for outpatient radiology and oncology services provider Akumin Inc. 

November 29, 2023

Around the web

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

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

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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