THE PATHWAY TO DOMINATING RADIOLOGY AND IMAGING / by Timothy Myers

THE PATHWAY TO DOMINATING RADIOLOGY AND IMAGING

News | July 08, 2015 Practice ManagementTeleradiology

By Tim Myers, MD

Airpower and on the ground military power separately, cannot win a conflict. Together; however, the combination can be devastating. – Anonymous.

A report from Transparency Market Research recently stated that the global teleradiology market was worth approximately $0.92 billion in 2012.  The estimation is that this market will grow at a rate of approximately 22.3% between now and 2019, resulting in an estimated worth of approximately $3.78 billion in 2019. 

With this much money entering the market in such a short period of time, as stated in my previous columns, the pressure to dominate the market will be irresistible for corporate and imaging players alike; but who are the major players?  As the future of radiology will potentially be determined, or at least significantly impacted by what these groups do, radiologists should know who they are and their strengths and focus points.

The radiology/imaging market is difficult to parse and identify a specific percentage of market share.  Not only do you have to take into account size, but also growth, visibility, and the more ethereal quality of influence. Finally, you have account for the military dictum from above; airpower or on-site power alone cannot win. A win in this case would be a national radiology group.  This group will need a strong and/or dominating teleradiology system supporting and supported by a combination of local and regional on-site radiology partners who, in turn, dominate their markets.

My top picks for the four major players currently in the market include vRad/Mednax, Aris, Strategic Radiology (SR), and Imaging Advantage (IA). There are a number of mezzanine players and a myriad of small players also in the mix, but in my opinion, they do not have the numbers of radiologists, or the visibility or influence required to play at the national level.

- See more at: http://www.diagnosticimaging.com/practice-management/pathway-dominating-radiology-and-imaging#sthash.Wb1bCpa4.dpuf