I’m sometimes asked by academic radiologists, residents, and even private practice colleagues why I believe that a vibrant specialty needs a healthy, independent private practice model. I’ve had quite a while to think about this in various leadership roles, so in the interest of brevity, I’ll focus on three of the reasons that have the greatest implications for personal fulfillment.
Our practices are physician owned and physician led.
Care decisions are made by radiologists and patients; business decisions are made by radiologists and trusted employees—not third-party shareholders.
We don’t take care of patients to make money, we make money to take care of patients.
We do not see a place in health care’s value equation for returns to third-party investors.
We are committed to local medicine–our physicians reside and serve in communities.
We uphold the highest quality standards in radiology and work together to drive them higher.
We share data and collaborate for performance improvement across all practice domains—clinical, operations, business.
We are strategic.
As radiologists-in-training emerge from residency to interview for partnership-track positions with private practices, they are burdened with a relatively new concern: What are the chances that the practice they are interviewing with will sell their radiology group to a corporate entity? Unfortunately, this is a legitimate concern.
Early Career Radiologists' Perception of National Corporations in Radiology
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Corporatization and the Rise of Private Equity in Dermatology
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ACR White Paper on Corporatization in Radiology
Corporatization in Radiology: Interesting Facts, Troubling Issues
How Private Equity Works—and Took Over Everything
It's All About Freedom: Why I Chose Private Practice
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Threats, Commoditization, and the Misguided Notion You Will be Paid for Everything You Do
Radiology and Independence in a Consolidating World
Radiology Practice Consolidation: Fewer but Bigger Groups
Corporatization of Radiology in Australia
