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.

Financial data showing growing revenue

RadNet expects to open 12 new centers in 2024, potentially enter more markets

The decision comes amid strong demand for the publicly traded, Los Angeles-based radiology provider’s services. 

Department of Justice DOJ

DOJ collects $1.9B from healthcare in 2023, with imaging provider making 1 of the biggest payouts

Cardiac Imaging Inc. agreed to pay $85 million in October, the largest judgment in the “Laboratory, Pathology, Radiology and Diagnostics" category. 

unpaid medical bills medical debt

A definable under/over line separates paying from non-paying patients

Patients who owe providers $500 or less in out-of-pocket expenses tend to pay down the bill. Those who owe more than $500 are evidently inclined to ignore collections efforts and pay nothing at all.

carestream

Medical imaging vendor Carestream laying off 200-plus employees, closing facility

The decision is due to reduced production volumes, the high cost of site infrastructure and opportunities to streamline shipping. 

Left, the FIRE1 heart failure remote monitoring device that gets implanted into the IVC to measure fluid volume status. Right, the external belt monitoring device worn by the patient that can alert clinicians about status changes so interventions can be done before a patient requires a hospital admission. 

Early feasibility study for implantable heart failure monitor moves forward 

Startup vendor FIRE1 completed patient enrollment in its U.S. early feasibility study for a heart failure remote monitoring device that directly measures fluid volume inside the IVC.

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. 

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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. 

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.