Radiology Business June 6, 2023
A bipartisan bill requiring more transparency from physician practices recently advanced out of a key congressional committee.
Reps. Cathy McMorris Rodgers, R-Wash., and Frank Pallone Jr., D-N.J., introduced their Promoting Access to Treatments and Increasing Extremely Needed Transparency (PATIENT) Act on May 22. The proposal would require physician-owned practices with more than 25 doctors to report information about their business structure, mergers, and acquisitions to HHS on an annual basis. It also would apply to physician practices owned by hospitals, insurers, private equity or venture capital firms, with provider groups facing fines of $2 million for failing to comply.
“We spend more on healthcare as a percentage of our economy than any other developed nation. And for their money, Americans...