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News You Need to Know Today
Economics Highlights: Shockwave Medical makes a move | Starting salaries in cardiology | SCAI calls out ABIM
Friday, August 25, 2023
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Editor's Choice: Economics

Shockwave Medical, the subject of recent acquisition rumors, announces $650M private offering

A majority of the proceeds raised would go toward "general corporate purposes," which could mean anything from research and development to investments in other healthcare companies.  

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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.
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Shockwave Medical, the subject of recent acquisition rumors, announces $650M private offering

Share on Twitter Share on Facebook Share on Linkedin
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.
A majority of the proceeds raised would go toward "general corporate purposes," which could mean anything from research and development to investments in other healthcare companies.  
READ MORE >

Surgeon sues hospital after being fired for discussing TAVR concerns with media

The vascular surgeon was fired after telling the media about a cardiologist who allegedly performed transcatheter aortic valve replacement without the proper credentials. He is now suing the hospital for wrongful termination and defamation.

READ MORE >
Former managers of a Tampa Florida-based radiology company Advanced Diagnostic Group (ADG) and its employee stock ownership plan (ESOP) retirement benefit manager GreatBanc Trust Co. will pay $19 million to settle a class action lawsuit. The suit alleges they allowed the ESOP’s value to be diverted to managers, directors and their shell companies and away from employee participants. money gavel court lawsuit legal judge judgement
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Surgeon sues hospital after being fired for discussing TAVR concerns with media

Share on Twitter Share on Facebook Share on Linkedin
Former managers of a Tampa Florida-based radiology company Advanced Diagnostic Group (ADG) and its employee stock ownership plan (ESOP) retirement benefit manager GreatBanc Trust Co. will pay $19 million to settle a class action lawsuit. The suit alleges they allowed the ESOP’s value to be diverted to managers, directors and their shell companies and away from employee participants. money gavel court lawsuit legal judge judgement
The vascular surgeon was fired after telling the media about a cardiologist who allegedly performed transcatheter aortic valve replacement without the proper credentials. He is now suing the hospital for wrongful termination and defamation.
READ MORE >

Starting salaries in cardiology down 10% as other specialties thrive

Starting salaries for specialty physicians are on the rise, according to a new report from AMN Healthcare. Why is that not the case for cardiologists? 

READ MORE >
cardiologist patient heart compensation starting salary 2022 interventional cardiologist
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Starting salaries in cardiology down 10% as other specialties thrive

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cardiologist patient heart compensation starting salary 2022 interventional cardiologist
Starting salaries for specialty physicians are on the rise, according to a new report from AMN Healthcare. Why is that not the case for cardiologists? 
READ MORE >

Interventional cardiologists call out ABIM for ‘unfair and unjustified’ certification policies

“This situation unacceptably exacerbates the interventional cardiology workforce shortage and threatens to directly impact the care of patients," SCAI wrote in a new statement. 

READ MORE >
The Society for Cardiovascular Angiography and Interventions (SCAI) has issued a new statement urging the American Board of Internal Medicine (ABIM) to rethink its maintenance of certification (MOC) policies. The organization, home to more than 4,500 interventional cardiologists, says some of its members have seen their privileges “threatened and even revoked” despite passing the necessary exams and reporting procedural volumes as required. Stamp | Certification
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Interventional cardiologists call out ABIM for ‘unfair and unjustified’ certification policies

Share on Twitter Share on Facebook Share on Linkedin
The Society for Cardiovascular Angiography and Interventions (SCAI) has issued a new statement urging the American Board of Internal Medicine (ABIM) to rethink its maintenance of certification (MOC) policies. The organization, home to more than 4,500 interventional cardiologists, says some of its members have seen their privileges “threatened and even revoked” despite passing the necessary exams and reporting procedural volumes as required. Stamp | Certification
“This situation unacceptably exacerbates the interventional cardiology workforce shortage and threatens to directly impact the care of patients," SCAI wrote in a new statement. 
READ MORE >

More cardiology groups step forward with concerns about Medicare payment cuts

The CardioVascular Coalition and Society for Cardiovascular Angiography and Interventions have both issued new statements highlighting their issues with the 2024 MPFS proposed rule. 

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Medicare money payment physician. The CardioVascular Coalition and Society for Cardiovascular Angiography and Interventions have both issued new statements highlighting their issues with the 2024 MPFS proposed rule. 
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More cardiology groups step forward with concerns about Medicare payment cuts

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Medicare money payment physician. The CardioVascular Coalition and Society for Cardiovascular Angiography and Interventions have both issued new statements highlighting their issues with the 2024 MPFS proposed rule. 
The CardioVascular Coalition and Society for Cardiovascular Angiography and Interventions have both issued new statements highlighting their issues with the 2024 MPFS proposed rule. 
READ MORE >

Heart specialists receive nearly $30M to study PCI and CABG among underrepresented patient groups

Teams from the Icahn School of Medicine at Mount Sinai and Weill Cornell Medicine will collaborate on the research. 

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a patient talks with her doctor, both are women of color
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Heart specialists receive nearly $30M to study PCI and CABG among underrepresented patient groups

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a patient talks with her doctor, both are women of color
Teams from the Icahn School of Medicine at Mount Sinai and Weill Cornell Medicine will collaborate on the research. 
READ MORE >

In Case You Missed It

Salaries and job satisfaction in cardiology: 8 takeaways from a new survey of cardiologists and their colleagues

The 2023 Cardiovascular Business Salary and Job Satisfaction Report is here! We surveyed cardiologists, interventional cardiologists, nurses, service line mangers, coders and others in the industry about several topics, including compensation, burnout, EHRs and much more.

READ MORE >
Cardiology cardiologist compensation salary survey nurses service line managers billing
Share on Twitter Share on Facebook Share on Linkedin

Salaries and job satisfaction in cardiology: 8 takeaways from a new survey of cardiologists and their colleagues

Share on Twitter Share on Facebook Share on Linkedin
Cardiology cardiologist compensation salary survey nurses service line managers billing
The 2023 Cardiovascular Business Salary and Job Satisfaction Report is here! We surveyed cardiologists, interventional cardiologists, nurses, service line mangers, coders and others in the industry about several topics, including compensation, burnout, EHRs and much more.
READ MORE >

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