| I
have been musing about the past 24 years that I have
been involved in the business side of radiology and
how amazing the transformation of this profession has
been during that time. Interestingly, the issues we
face today mirror those that we faced in 1983 as prospective
payment was then unceremoniously ushered (thrust?) into
existence, creating the first of several subsequent
tectonic shifts in the way the business is conducted
and services are paid for.
Now we have "pay for performance" (P4P)
on the horizon and pending shifts in the sustainable
growth rate (SGR) formula to add to the litany of "adjustments"
to the economic model for reimbursement that begin with
the government programs and then migrate to the other
payors. The assault continues and will continue unabated.
My view is that what lies ahead will quite possibly
make the DRA seem comparatively mild in terms of its
overall contribution to the level of angst that the
business will experience. Cuts added to more cuts added
to increased market pressures added to the consumer
movement--with the last perhaps changing the way we
do business more than the others combined—will
require all of us to be more skilled at "the business
of radiology."
What about this increasing role of the patient
in the outpatient business proposition?
It is clear that we will need to get used to the concept
of consumerism and informed patients who will demand
more, expect a positive experience, and who will change
the face of radiology perhaps more than anything else
we have seen to date. The Internet is empowering patients
in new and unique ways, and the economic incentives
are aligning in ways that mandate they take control
of their own health care. Employers will continue to
ask the employee to assume an increasing share of the
health care benefit expense and this cost-sharing will
result in patients (consumers) demanding to be an integral
part of the decision chain.
So what does this mean for outpatient radiology practice
business plans? Plenty. The marketing assumptions that
most practices include in their strategic plans (assuming
such plans exist) typically give only a peripheral nod
to the influence of the patient, with the notable exception
of mammography and, increasingly, vein labs and CTA.
However, in order to build lasting brand equity and
significant levels of awareness and preference among
this increasingly important customer base, it will become
critical to find ways to build customer service programs
around the "referral chain" that each patient
potentially influences.
This will mean that everyone within the practice will
need to become acutely aware that each and every encounter
with a patient will affect the long term viability of
the business in either a positive or negative manner.
We can no longer take the patient for granted as a passive
influencer of the referral decision. They will be part
of the program and can become either loyal advocates
for your business or catalysts for your competitors.
The successful practices of the future will be those
who pay attention to the many faces that comprise our
business.
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