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Trends in radiology and medical imaging industry continues to quickly change the healthcare landscape affecting radiologists, healthcare facilities and radiology groups.

Challenges in Radiology

• Mednax to sell vRad radiology business and the company “now owes about $1.66 billion in net unpaid debt.”^1,2
• Medical imaging volume has been sharply impacted where “exam volumes have seen declines of between 40% and 90%”³
• Shut down of radiology companies due to lack of funding (i.e., Aris Radiology) or due to mergers^4,5
• Shortage of Physicians⁶
• Budget constraints to hire in-house radiologists
• Getting 24/7 coverage for medical imaging readings during emergency, day and nighthawk times

Read more about these challenges as sourced below.

Sources:
¹Radiology Business News, Marty Stempniak | June 05, 2020 | Healthcare Economics & Policy
²Mednax to sell its $550M Radiology Solutions business line, change name back to Pediatrix
³AuntMinnie.com, Kate Madden Yee. Private radiology practices hit hard by COVID-19. July 17, 2020
⁴COVID or Not, Big Money is Buying Radiology Practices. Should Yours Be Selling? Julie Ritzer Ross | April 29, 2020 | Radiology Practice
⁵AuntMinnie.com, Erik L. Ridley. National radiology group Aris shuts down. March 17, 2020.
⁶Association of American Medical Colleges (AAMC). Patrick Boyle, U.S. physician shortage growing. June 26, 2020

Check out: Teleradiology Infographic: Benefits for Healthcare

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