May 01, 2020

RLI-RFS Webinar Series: Examining Trends in Corporatization

by Natasha Monga, MD, the Education Liaison of the ACR RFS and chief resident at Case Western Reserve University, MetroHealth Medical Center.

Webinar SeriesThe ACR’s Radiology Leadership Institute® (RLI) and RFS have teamed up to create a two-part webinar series entitled “Trends in Corporatization.” This series aims to address the impact of corporatization on the upcoming generation of radiologists. Attended by nearly 80 participants, part 1 of the series on April 14 featured ACR BOC Vice Chair Howard B. Fleishon, MD, MMM, FACR, and RLI Chief Medical Officer Frank J. Lexa, MD, MBA, FACR.

During part 1, the speakers provided a brief primer defining terms such as consolidation, corporatization, private equity, venture capital, oligopsony, and oligopoly before diving into a discussion on drivers in corporatization and current trends in the radiology workforce. Highlights from the ACR Corporatization Task Force’s white paper were presented, in addition to perceptions of corporatization from early career radiologists. For trainees who will soon be interviewing with a private practice, strategies were discussed to understand a practice’s local growth plans, contract length, clauses, and ownership in the context of corporatization. The discussion concluded with a question and answer session for webinar attendees. In this data driven discussion, Drs. Fleishon and Lexa shared their collective knowledge on corporatization trends with the RFS members and potential impacts in the years ahead. Attendees commented that part 1 was insightful, easy to access, simple to register for, and provided great information for any career level.

In part 2 of this series on May 26, Lawrence R. Muroff, MD, FACR, CEO and president of Imaging Consultants, Inc., and Daniel Ortiz, MD, a general radiologist with Summit Radiology Services, PC, in rural northwest Georgia, will address the potential impact of corporatization on early career radiologists — as well as the attitudes young radiologists have toward this phenomenon. The faculty will also cover the differences between independent private practices and national corporate entities, including the potential benefits and pitfalls of both types of practices.

Please join us in this unique opportunity to hear and discuss how this trend is impacting the profession and early career radiologists. The registration link for part 2 — as well as recording of part 1 — can be accessed at https://www.acr.org/Practice-Management-Quality-Informatics/Radiology-Leadership-Institute/Resources/Recordings/Trends-in-Corporatization