Diagnostic Imaging Survey Finds Concern About Radiology Practice Acquisition

Apr 12, 2012, 13:46 ET from UBM Medica

NORWALK, Conn., April 12, 2012 /PRNewswire/ -- A majority of radiologists employed in private practices or imaging centers fear being acquired by a local hospital and being driven out of business, according to a survey conducted by UBM Medica's Diagnostic Imaging.

Diagnostic Imaging's survey asked radiologists about changes in practice structure and how they are affecting job security and compensation. Of the 256 respondents, about 40 percent were employed by a private practice or imaging center, 33 percent were hospital employees, and 23 percent were employed at an academic medical center.

  • Nearly 70 percent of private practice radiologists who responded said they were "very" or "a little" concerned about being acquired by a local hospital, and 74 percent said they were "very" or "a little concerned" about being driven out of business by acquisitions or outsourcing.
  • Among all respondents, pay reductions and long-term job security topped the list of major concerns.

The survey responses appeared to mirror current trends in the marketplace, as smaller practices merge or are becoming acquired. Healthcare reform and the creation of accountable care organizations promise to further shake up the employment landscape for radiologists.

About UBM Medica US

Addressing today's healthcare information needs, UBM Medica, a division of UBM plc (UBM.L), delivers strategic, integrated communications solutions and comprehensive reach—online, in print, live, and via custom programs. Improving the effectiveness of healthcare through information and education, UBM Medica provides unbiased clinical, practical, and business information for physicians, providers, payers, and patients around the world. Through journals, magazines, websites, drug databases, data services, live events, and other valuable resources, UBM Medica also delivers comprehensive communication solutions for the pharmaceutical and related industries. US websites include PsychiatricTimes.com, CancerNetwork.com, DiagnosticImaging.com, ConsultantLive.com, OBGYN.net, PhysiciansPractice.com and SearchMedica.com.  Employing more than 1,400 people with offices in 29 countries, UBM Medica is headquartered in London.  For more information, visit http://www.ubmmedica.com/.

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