Literature DB >> 33455861

Enabling Your Radiology Business to Thrive Strategic Lessons Learned During the Initial and Subsequent Surges of the Covid-19 Pandemic.

Jonathan B Kruskal1, Max P Rosen2, Amy K Hara3, Cheri Canon4, Christoph Wald5.   

Abstract

The Covid-19 pandemic surges of 2020 resulted in major operational, personal, and financial impacts on US radiology practices. In response, a series of strategic and intentional operational changes were implemented, varying by practice size, structure and model. In reviewing the many business lessons that we learned during the pandemic, it became clear that for a business to be successful, a host of additional supportive factors are necessary. In addition to timely expense reductions, optimizing revenue capture and close monitoring and management of cash and reserves available for use, we also consider effective leadership and communication strategies, maintenance of a healthy and adequately staffed team, support for a remote work environment and flexible staffing models. Other ingredients include effectively embracing digital media for communications, careful attention to current and new stakeholders and the service delivered to them, understanding federal and state regulatory changes issued in response to the pandemic, close collaboration with the Human Resources office, and an early focus on redesigning your future practice structure and function, including disaster and downtime planning. This review aims to share lessons to enable leaders of an imaging enterprise to be better prepared for similar and future surges.
Copyright © 2021 The Association of University Radiologists. Published by Elsevier Inc. All rights reserved.

Entities:  

Keywords:  Business and Finance; COVID-19; Clinical Operations; Disaster Planning; Strategy

Year:  2021        PMID: 33455861     DOI: 10.1016/j.acra.2021.01.005

Source DB:  PubMed          Journal:  Acad Radiol        ISSN: 1076-6332            Impact factor:   3.173


  2 in total

Review 1.  Update on establishing and managing an overnight emergency radiology division.

Authors:  Meir H Scheinfeld; R Joshua Dym
Journal:  Emerg Radiol       Date:  2021-04-21

2.  Lessons learned from radiology mentors.

Authors:  Rachel M Perez; Yoan K Kagoma; Nelly Tan
Journal:  Abdom Radiol (NY)       Date:  2021-07-10
  2 in total

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