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Related Experiment Videos

Practice costs in diagnostic radiology.

J H Sunshine1, J H Burkhardt, M R Mabry

  • 1Research Department, American College of Radiology, 1891 Preston White Dr, Reston, VA 20191, USA. jonathans@acr.org

Radiology
|March 7, 2001
PubMed
Summary

Radiology practice costs vary significantly, with median total costs per full-time equivalent (FTE) radiologist ranging from $90,000 to $190,000. Analyzing cost variations helps identify potential savings or resource shortfalls.

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Area of Science:

  • Radiology practice management
  • Healthcare economics
  • Operational efficiency in medicine

Background:

  • Understanding practice costs is crucial for financial planning and resource allocation in radiology.
  • Significant variations in operational costs exist among different radiology group types.

Purpose of the Study:

  • To quantify practice costs in radiology and analyze their variations across different group structures.
  • To provide benchmarks for evaluating radiology practice financial performance.

Main Methods:

  • Surveyed approximately 170 radiology practices in 1996-1997.
  • Calculated practice costs (physician-related, administrative, business) per FTE radiologist, procedure, relative value unit (RVU), and as a percentage of revenue.
  • Differentiated costs based on group types (academic, private hospital-only).

Main Results:

  • Median total practice costs per FTE radiologist ranged from $90,000 to $190,000.
  • Median costs per procedure ranged from $9 to $21; as a percentage of revenue, costs ranged from 27% to 41%.
  • Substantial variation in all cost categories was observed within each group type.

Conclusions:

  • Median cost values should not be treated as definitive norms due to wide variations.
  • Percentile data can guide radiology groups in identifying areas for potential cost savings or resource deficits.
  • Physician-related costs are best measured per FTE; technical and administrative costs are best measured per RVU or by nonhospital service percentage.

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