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Private radiology practices must expand – or get left behind: survey

by Thomas Dworetzky, Contributing Reporter | November 22, 2016
Business Affairs

Biggest practices grew the most, “from 21 in 2015 to 26 in 2016 and the 35 to 49 FTE radiologists cohort (from 33 in 2015 to 37 in 2016) gained four practices. The number of practices with 50 to 65 radiologists declined significantly (from 25 in 2015 to 17 in 2016) — at least five of the eight stepped up to the largest category. The smallest size cohort dropped by one practice, from 21 in 2015 to 20 in 2016,” according to Radiology Business.

All groups but the under-35-sized practices saw a rise in median number of procedures. “The median number of studies performed by the largest practice-size cohort increased the greatest amount, from 1,385,000 in 2015 to 1,489,965 in 2016,” stated Radiology Business.

While the study did not reveal specific revenue data, in general, “the median revenue generated per radiologist took a significant dive, despite apparent but small increases in productivity. On the other hand, the average revenue per radiologist increased slightly among the 37 practices that shared their data with us. A significant drop in the median revenue-per-radiologist and a slight increase in the average revenue-per-radiologist in our group of 37 suggests that the revenue picture for large practices is better than the smaller practices in this group.”

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