OBJECTIVE: The purposes of this article are to provide a primer on financial statements and to review several financial concepts that are at the foundation of the business of medicine. CONCLUSION: For radiologists to effectively contribute to the leadership and management of their practices, it is imperative that they understand the business aspects of radiology. Radiologists' understanding and participation in practice management may also facilitate job satisfaction and assist the provision of optimal patient care.
OBJECTIVE: The purposes of this article are to provide a primer on financial statements and to review several financial concepts that are at the foundation of the business of medicine. CONCLUSION: For radiologists to effectively contribute to the leadership and management of their practices, it is imperative that they understand the business aspects of radiology. Radiologists' understanding and participation in practice management may also facilitate job satisfaction and assist the provision of optimal patient care.