Entrepreneurship-Future of Radiology Practise in India

Question-Who owns the Radiology in India & who earns more from Radiology?

Brief overview of the structure of the radiology practise in India will reveal  that no more are the diagnostic centres predominately owned by Radiologists.   Did we notice more and more larger practise are owned by investors and some by clinicians themselves. Some of the practises have assessed their collections in past and showed that a significant percentage of their collection (please note it is Gross collection-NOT PROFIT) is spent in incentive for referring physicians. Surprisingly it is not the radiologist who earns maximum from radiology, it is the referring physician, followed by the investor. 

Until and unless younger radiologists understand this issue and look for more and more models of  service delivery which will get us back into the major stake holders position in this imaging business, there seem to be a problem. Teleradiology is probably one of them. Other possible methods include- managed radiology services, taking up outsourcing offers from hospitals etc. My personal recommendation to radiologists of future to do away with fixed pay model totally in India and don't be fooled by good pay packages which kind of divert us from entrepreurship. Any comments and opinions are welcome. 

Impact of entrepreneurship on Radiologists- Positive or Negative?

Calling this era in India, an age of entrepreneurship will not be an overstatement.  This is common knowledge that government healthcare system in India is in a mess and  middle class or above do not look at government facilities for  diagnostic imaging services. Private sector rules and hence more and more young business minded physicians look at this as opportunity. This leads to emergence of some pluses and minuses in radiology service delivery.

1.    Emergence of Teleradiology Model. Reporting for Indian centres as well abroad has become vogue. PLUS   
2. Doctor becoming the owner rather than investors. PLUS
3.  Arms Race amongst centres. As soon as once centre gets 1.5 tesla, another wants 3 Tesla. There is race for number of slices and newers hardware.  PLUS/MINUS
4.    Dealer or Physician. Incentive based and commission based practise.  MINUS
5.   Overuse of diagnostic imaging even when not required. MINUS
6. Misuse of healthcare insurance and government healthcare covers. Long term effect on taxpayers money only.  MINUS
7.  Medical students paying huge premium in private colleges for Radiology degree. MINUS

Entrepreneurship in Radiology can be huge source of  revenue and development in future in India but requires strong ethical and moral checks along with legislations on who should own a diagnostic centre, possible use of softwares to validate use of certain investigation for certain disease etc.  Your thoughts and comments are welcome. 

Entrepreneur MD- The Healthcare Consultancy & Scientific Solutions

Entrepreneur MD are global networks of executives, physicians, scientists,pharma professionals, web developers and other professionals who deliver expertise and decision-making assistance to business, government and investment leaders from around the world. Our Special focus is on Indian Healthcare,hospitals, nursing home, Web 2.0, Medical Imaging, medical informatics, Medical outsourcing industry and computerizaion of hospitals. We also are specialists in medical education sector with more than 10 years of experience in medical eductation business. we with our network of people also provide valuable inputs for various clinical trials. We at times serve as your outsourced HR department and offer quality people for key positions in your healthcare related projects.

We also provide scientific and medical services for pharmaceutical, medical devices, biotechnology, and health care organizations. We prove to be an asset to our clients by our deep understanding of the health care domain, scalable processes and methodologies for conceptualizing integrated scientific solutions, robust project management and delivery processes.

Entrepreneur MD

Contact Us
Corporate Address-4B Pusa Road, Near Karol Bagh Metrostation, 3rd Floor New Delhi, India Phone+91-9811181359+91-9711360364

email -- info@entrepreneurmd.org

Fax+91-11-25853434