Hospital radiology departments have traditionally been a strong profit center. But over the past several years, a number of factors have dimmed what was once a bright revenue source, including:
Enhanced reimbursement pressure
Increasing price sensitivity of healthcare consumers
Rising labor costs
These environmental changes make it imperative that hospitals fully optimize their available imaging resources – whether hospital-based or freestanding – in order to overcome the ever-increasing hurdles in this critical service line. Radiology generates high numbers of patient encounters, drives downstream patient care and has a major impact on a hospital’s financial vitality.
Many hospitals are seeking the assistance of an experienced partner with tested, radiology-specific best practices, metrics and performance standards, and a strong track record of success in competitive environments.
MedQuest provides full management of 15 acute care hospital radiology departments, ranging from major acute care hospitals to suburban satellite and smaller rural hospitals. MedQuest also manages both HOPD and IDTF imaging facilities.
In addition, MedQuest manages MRI operations for a hospital-affiliated orthopedic group, mobile imaging resources, including 16 mobile MRI units serving internal and external customers, and professional billing and IT functions for radiology groups.