March 25, 2013
/PRNewswire/ -- UBM Medica US announces that
, a leading online publication for news and commentary of the medical imaging market, examined the factors and impacts of
radiology practice consolidation
Radiology groups are continuing to face consolidation and acquisition, leading to lost independence and potential commoditization. In this feature article,
spoke with industry experts about what's driving the shift and what practices can expect. For example:
- If private radiology practices join with several other practices or a larger health system, they will likely benefit from an augmented ability to negotiate more favorable reimbursement rates from payers.
- Consolidation could provide for better access to patient records if they've had other studies done within the group, allowing for more coordinated, timely care.
- However, the industry could face perceptions of radiology as a commodity, which could drive prices down, force a greater focus on quantity and encourage less radiologist visibility.
Radiology consolidation is likely to continue, and when facing a merger or acquisition, groups must focus on
developing a governance system and determining a common vision
"Blending different practice cultures was much harder than we expected," said
, MD, radiologist and immediate past president of Southwest Diagnostic Imaging in
, who lead her group through a merger. "But, culture eats strategy for lunch every time, so you have to be careful about melding cultures."
About UBM Medica US
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