Practice Management

Practice management involves overseeing all business aspects of a medical practice including financials, human resources, information technology, compliance, marketing and operations.

From Quality to Outcomes: Deploying Clinical Analytics

Although radiology has employed clinical analytics for more than a decade, the field is in its infancy. Nonetheless, the possibilities are tantalizing—if technological, economic, political, and interoperability hurdles can be cleared.

Radiology’s ACO Play: Get in the Game—Now

The ACO, a relatively new concept that met with great skepticism when it appeared in the Patient Protection and Affordable Care Act, now ranks at the top of the conversation-starter list in the radiology community. Imaging providers have debated whether it is necessary for them to engage with these entities, and, if they do, what roles they would play. The current consensus not only is that radiology cannot afford to ignore the ACO model, but also that a strategic approach must be followed if providers are to assume their positions successfully under the ACO umbrella.

Data Visualization: Unlocking Business Intelligence’s Full Potential

Zotec

Jeff Maze has spent his career attempting to solve the conundrum at the core of business intelligence and analytics: the more data there is, the harder it is for operational leaders to understand and act upon. “Everyone has data. This is the era of big data,” Maze, who is senior manager of business intelligence at Zotec Partners, says. “But data does not mean the same thing as information. The key is taking data and making it timely and actionable, baking your own insight and experience into it, and turning it into wisdom.”

Smart Growth in a Tough Market: Texas Radiology Associates

Zotec

Radiology’s business environment has changed considerably since the heyday of the late 1990s and early 2000s, when the equation for success was comparatively simple, Paul Staveteig, MD, says. “Now, the environment is different,” he explains. “The only way to survive in this marketplace
is to be able to look at things very critically and make decisions very quickly.”

Strategic Positioning
 for Optimal Patient Care: Imaging Healthcare Specialists

Zotec

Imaging Healthcare Specialists (“IHS”), a 30-radiologist practice based in San Diego, California, has a simple ethos driving its business decisions. “We view ourselves, first and foremost, as a medical practice,” Thomas Cleary, president and COO of Imaging Health- care Specialists, explains. “Every day, every employee who works for us is making an impact on patients’ lives.”

From the Back Room to the Boardroom

Zotec

Medical practices have arrived at a juncture where the importance of business intelligence to strategic planning and growth cannot be ignored, says Scott Law, founder and CEO of Zotec Partners. “Physicians are, first and foremost, scientists, and historically they have focused on the science of their discipline as opposed to the business side of medicine,” he says. “In the current environment of evolving health care delivery and reimbursement models, the key to survival is finding ways to differentiate yourself—not only through productivity and efficiency, but also through quality and improved outcomes, which we are really beginning to be able to measure for the first time.”

The ACO Around the Corner

Perhaps because they don’t hang a sign out front, they aren’t located in one place, and they are (in a sense) virtual, accountable-care organizations (ACOs) have quietly blanketed nearly half the nation

Value-added Radiology, Defined

If on-site radiologists want to distinguish themselves from other image-reading specialists or teleradiologists, they must be more than image readers, according to Vijay Rao, MD, David C. Levin professor and radiology chair at Jefferson University Hospitals (Philadelphia, Pennsylvania). On December 1, 2011, she presented “Value-added Services of

Around the web

The patient, who was being cared for in the ICU, was not accompanied or monitored by nursing staff during his exam, despite being sedated.

The nuclear imaging isotope shortage of molybdenum-99 may be over now that the sidelined reactor is restarting. ASNC's president says PET and new SPECT technologies helped cardiac imaging labs better weather the storm.

CMS has more than doubled the CCTA payment rate from $175 to $357.13. The move, expected to have a significant impact on the utilization of cardiac CT, received immediate praise from imaging specialists.