Hiring radiologists is also a challenge and the firm hopes these changes could eventually bolster efficiency by upward of 25%, allowing docs to handle more volume. Plus, new tools from imaging manufacturers can reduce scan times and improve throughput on existing equipment without expanding hours. Cloud computing will allow radiologists to access prior imaging on-demand, avoiding the need to create cumbersome special systems for fetching exams that drag down productivity. Technology is a key piece of the puzzle, he noted. But as opposed to perhaps other businesses, I think we have more effective ways of helping create some long-term solutions for this.” “Staffing has become a limitation on your ability to generate revenue. “This is not just a temporary issue that we face, much like virtually everybody else in business today,” Berger told investors Nov. CEO Howard Berger, MD, said workforce shortfalls have restricted RadNet’s ability to expand hours in certain locations to work through patient backlogs and increased the cost of recruiting and retaining staff. However, ongoing staffing shortages present a challenge RadNet will need to address through the tail end of this year and into 2022. Revenue landed at nearly $333 million, a 14% year-over-year uptick. The Los Angeles-based imaging giant logged a solid third quarter that included earnings increasing more than 19% compared to Q3 of 2020 while its margin leapt from 0.7% to 16.4%. Possible solutions could include establishing stronger relationships with schools that produce rad techs, offering special incentives to acquire talent, and implementing new protocols and products to bolster efficiency.
Imaging center operator RadNet is seeking creative ways to address a “tight labor market” plaguing the industry, company officials said during a corporate earnings call on Monday.
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