Business
Winning Hospital Contracts: 8 Steps Radiologists Must Take to Win More Hospital Contracts
Consolidation within the radiology industry continues. More radiologists face the uncertainty of remaining independent practices or joining national firms. For those that choose to continue operating independent practices, winning hospital contracts is key to success. Unfortunately, the national firms devote countless resources to making their services look superior to smaller entities, and it can be…
Read MoreIncrease in Patient Responsibility and Payments from Insurance Carriers
Over the last 10 years, patient responsibility for healthcare costs have increased. A TransUnion Healthcare analysis for 2017 showed that, in that year alone, patients experienced an 11 percent increase in their out-of-pocket costs from the previous year. Combining deductibles and co-pays, patient out-of-pocket costs increased by 30 percent between 2015 and 2017. As deductibles…
Read MoreImpact of Medicare For All on Radiology
Medicare for all is either the best idea of all time that will save trillions of dollars and millions of lives, or it is a step into socialism that will shove the country off the abyss and into its demise. The truth must lie on this spectrum, but where on the spectrum is now being…
Read MoreReduction in patients length of stay in hospitals as a result of timely follow up of radiology studies
As the transition towards value-based imaging continues, today’s radiologists face new challenges. Besides closely supervising and improving clinical quality to ensure each patient’s safety, radiologists are also tasked with evaluating patient results and reporting on outcome measures: Meanwhile, despite all these additional tasks, the radiologist must continue to optimize his or her own productivity level…
Read MoreA Primer on Consolidation in the Radiology Industry With Private Equity
The radiology industry continues to undergo a consolidation process, putting more power in the hands of private equity firms. According to a 2018 presentation to the American College of Radiology, private practice radiology groups were organized as radiologist-owned partnerships. However, recent years reveal a strong increase in the incidence of mergers and acquisitions on a national…
Read More