Analysis: Allied radiology professionals generate millions of dollars per year in indirect revenues alone
General radiology technologists taking humble X-rays and working under contract directly boost their organizations’ bottom lines by $626,825 per year.
At the high end of revenue generation by allied health professionals working on a contingent basis are cath lab technologists, who directly add more than $2.8 million a year to their organizations’ receivables.
Both figures represent net revenues, reflecting what’s left after deducting labor costs used to employ these healthcare professionals.
The findings are from a report conduced by the staffing supplier AMN Healthcare, which analyzed its own data to track the daily cost of staffing allied radiology and rehab-therapy professionals on a contingent basis.
Among the report’s other key findings:
- Multi-modality vascular sonographers rank second among allied radiology professionals, generating an average net ROI of $1,371,750 per year, less contingent labor costs.
- Net average ROI after a 13-week assignment is $356,655.
- Net average ROI after a 13-week assignment is $356,655.
- Nuclear medicine technologists rank third, generating an average net ROI of $1,275,090 per year, less contingent labor.
- Net average ROI after a 13-week assignment is $331,523.
- Net average ROI after a 13-week assignment is $331,523.
- Radiation therapists rank fourth, generating an average net ROI of $1,000,275 per year, less contingent labor.
- Net average ROI after a 13-week assignment is $260,071.
Along with direct net revenues, the report also considers indirect revenues brought in by contingent allied professionals.
For example, going by AMN Healthcare’s 2023 Physician Billing Report, radiologists submit billings totaling an average $2,031,501 to commercial payers annually.
“Much of this billing could not be generated without the images taken by allied radiology professionals,” the report’s authors point out. “Indirect revenue generated by allied radiology professionals may average in the millions of dollars per year.”
AMN says its aim in publishing the research is prompting healthcare organizations to consider the “revenue-generating potential of allied and other healthcare professionals when determining their overall workforce investment.”
The report is available in full for free.
Dave P. has worked in journalism, marketing and public relations for more than 30 years, frequently concentrating on hospitals, healthcare technology and Catholic communications. He has also specialized in fundraising communications, ghostwriting for CEOs of local, national and global charities, nonprofits and foundations.