About half of radiologists are affiliated with radiology-only practices, in which all physicians in the practice are radiologists; the other half are affiliated with multispecialty practices. “While the number of radiologists increased 17.3% overall, the number of radiologists in radiology-only practices decreased 12.8%. “Among multispecialty practices, the growth was in radiology-majority-specialty practices (64.8%) and no-majority-specialty practices (50.7%).”“Our study inferred how consolidation is occurring by examining radiologists’ practice affiliations before compared with after their prior practice ceased. Radiologists affiliated with radiology-only practices with 1-2 radiologists that ceased were most often (70.5%) associated with another, larger radiology-only practice. Likewise, the costs of the independent dispute resolution process under the No Surprises Act favors larger practices as larger practices provide more opportunity to batch claims in the independent dispute resolution process.”

Source: Forbes June 06, 2024 01:54 UTC