Solutions for the Most Challenging Problems in Radiology™
Radiology Group Services
Radiology groups are experiencing new and unique challenges, such as increased volume from technology improvements and an aging population. This fact, combined with a continuing shortage of radiologists and reduced reimbursement, causes significant stress for most groups. Issues affecting radiology groups include:
- Providing high quality service while understaffed
- Difficulty recruiting in a stretched candidate market
- Inter-group dynamics causing stress or turmoil due to financial and manpower challenges
- Communication issues with hospital administration
- Pressure and desire to build an outpatient imaging center to increase revenue, but group lacks skills to coordinate the project without causing confrontation with the hospital
Many of these issues can be addressed by applying tested business principles in a unique and tailored plan for radiology groups. Problem-solving techniques developed in the past simply are rarely applicable in today’s market. Groups must re-invent themselves to be competitive for candidates, to increase income, and maintain lifestyle. Through proper business planning, negotiating and management, RBS can help radiology groups address these complex issues.
Consulting Services
Radiology Business Solutions offers a range of consulting services designed to meet specific needs. For each project, RBS assembles a team with the specific talents needed for that project. Using the appropriate resources for the project, we evaluate the situation and determine the best solutions and strategies to meet the goals and needs of the group.
Management Services
Radiology Business Solutions is a full service radiology management company. RBS offers group clients services designed to help maximize income and improve quality of life. A radiology practice is a business and should be run like a business. We believe physicians should lead and make the decisions but leave day-to-day business functions to professionals trained and experienced in managing businesses. A management company should also offer value to its clients above and beyond basic business tasks. RBS-managed groups enjoy the full benefits of our consulting services as part of our management agreements. With our unique business expertise at their call, our physician group clients have a distinct advantage in growing their business.
Compensation Plans
RBS utilizes a thoughtful and progressive approach to guide radiology groups internally through compensation structures. We analyze and recommend internal group compensation methods designed around workloads, shifts and other group or radiologist responsibilities. Our formulas make it easy for individual partners in the same group to either maximize income or lifestyle and still remain equal within the group. Recruitment opportunities are maximized through candid and fundamentally fair compensation systems.
Contract Negotiations
RBS specializes in neutral third party mediations between hospitals and radiology groups when negotiations stall or when one party attempts to seize power and bargaining control. An experienced third-party can overcome the politics, bad relationships and misconceptions that often create significant barriers to renegotiating existing service contracts. RBS can also provide a professional advantage when expanding services through new hospital contracts or for a new group establishing a relationship with a hospital or imaging center.
Outpatient Imaging Centers
Outpatient imaging is moving outside the hospital as it becomes advantageous for patients and financially rewarding for hospitals and groups. Often, the issue of who builds and owns the center, hospital or radiology group, is a primary issue affecting the relationship between the two. Hospitals are threatened by the loss of volume when their radiology group competes for patients and studies, yet many groups need part of the technical income and investment to compete for candidates and retain partners in the long run. Frequently, joint venture or tailored partnerships are the best approach. RBS can make its expertise available to coordinate successful joint venture opportunities.
Recruitment
RBS has developed relationships and tested the best radiology recruiters. If your group is competitive, recruiting high quality radiologists is possible, even in this market. Our team of experts will advise your group with specifics to recruit and retain the radiologists to best serve your needs.
Experienced Practice Managers
Full Service Accounting Functions including:
- Obtaining Monthly CPA Financial Statements
- Monitoring and Processing of Accounts Receivable and Accounts Payable
- Pre-Tax Expense Reimbursement Program
- Complete Payroll Services including Payroll Tax Return Preparation
- Proposing and Monitoring Radiologist Compensation Packages
- Facilitating preparation of annual tax returns
Work, Call, and Vacation Schedule Coordination and Preparation
Propose, Coordinate, and Monitor:
- Billing Company Relationship
- Tele-Radiology Company Relationship
Propose and Coordinate Cost-Effective:
- Medical Malpractice and Liability Insurance
- Group Benefits such as Health, Dental and Optical Insurance
- Group Pension Plan Development
Coordination and Completion of:
- State and Federal Licensure
- Medical Staff Privileges
- Third-Party Payer Applications
Access to Legal Services including:
- Hospital Contract Preparation and Negotiation
- Shareholder and Employee Agreements
- Governance Structure and Corporate Bylaws