ACR White Paper: Task Force to Evaluate the Value Add Impact on Business Models

To link to full-text access for this article, visit this link: http://dx.doi.org/10.1016/j.jacr.2009.06.008 Byline: Frank Lexa (a), Jonathan William Berlin (b), Giles W.L. Boland (c), Geoffrey Giles Smith (d), Mark D. Jensen (e), David J. Seidenwurm (f), Richard Hoppe (g), Robert Stroud (h) Keywords: Value added; new business models; practice changes; practice growth; extension of imaging service value Abstract: Radiology practices are seeing both evolutionary and revolutionary changes in their business models. The Task Force to Evaluate the Value Add Impact on Business Models was charged with considering how radiologists and their practices add value in these novel settings. Both traditional and novel forms of added value were considered. Types of new business models that were evaluated included hybrid groups of radiologists and other practitioners, regional or national megagroups, and novel services both within and beyond the traditional purview of radiology practice. Recommendations for both how to measure and how to capture this value were considered at both the practice and national levels. Author Affiliation: (a) Wharton School, University of Pennsylvania, Wynnewood, Pennsylvania (b) Department of Radiology, Evanston Hospital, Evanston, Illinois (c) Department of Radiology, Massachusetts General Hospital, Boston, Massachusetts (d) Casper Medical Imaging, Casper, Wyoming (e) Charlotte Radiology, Charlotte, North Carolina (f) Radiological Associates of Sacramento, Sacramento, California (g) Department of Radiation Oncology, Stanford University Medical Center, Stanford, California (h) Advanced Imaging, Baltimore, Maryland