Practice management involves overseeing all business aspects of a medical practice including financials, human resources, information technology, compliance, marketing and operations.
This practice ensures patients undergo imaging that is appropriate for their clinical indication and reduces the likelihood of unnecessary exams being completed.
The top 25% of busiest radiologists have read about 31% more studies since 2018 and work nearly 20% more clinical shifts per quarter, compared to seven years ago.
About 46.9% of physicians in the specialty said they work in a setting wholly owned by physicians, down from 63.6% in the inaugural 2012 survey from the American Medical Association.
These arrangements typically involve non-full-time employment, compensated on an hourly, shift or daily basis without benefits or annual salary, experts write in Pediatric Radiology.
The Fort Lauderdale, Florida-based physician group—acquired by Nanox for $30 million in 2021—logged revenue of roughly $2.6 million in Q1, up from $2.4 million last year.