- Yes, I’ve started the process of creating a small dedicated job board just for independent radiologist-owned private practices. With all the corporate noise out there, I’m hoping we can connect radiologists looking for the real deal with those groups who are doing it. Still a ways to go, but feel free to reach out to me at ben@benwhite.com if your group is interested, and I’ll get back to you when things are ready.
- Separately, yes, for the first time in this site’s 15-year history, I’ve decided to run a real ad. Not a banner ad (and no images), but starting on June 1st, there will be a single monthly post featuring a limited number of true radiology private practices. I’ve temporarily changed this policy because of the radiologist shortage combined with the current less-than-stellar recruitment/marketing environment. I hope folks find it unobtrusive and even helpful; I’ll reevaluate in a year.
Here is the updated first entry in a series of posts about radiology tools, ergonomics, and efficiency. This includes the go-to stuff I use every day to practice diagnostic radiology, (briefly) how I use them, and a few alternatives. This series is the result of a lot of research, trial and error, and input from others in the radiology community.
Unnecessary caveat: There is no real best anything. Here’s what I have idiosyncratically landed on as a stable happy set-up that balances efficiency and comfort (and an editorial selection of those favored by others).
We get into more workflow details and justifications in the other posts, but we can summarize my personal approach as a hands-free microphone solution, a vertical mouse with some—but not a comical number of programmable buttons—and a left-hand device that adds additional hotkey efficiency as well as—critically!—a way to scroll with my nondominant hand in order to spread the love across multiple joints.
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I’ve been seeing increasing news coverage of the nationwide radiology shortage, so it’s about time for me mention again: like every other practice in the country, my group is also hiring!
American Radiology Associates is a 100%-independent physician-owned radiology practice in Dallas-Forth Worth (of which I am a partner/shareholder). We’re privademic: we have part of the practice that works with the Baylor Dallas radiology residency, and we have part of the practice that does not. I enjoy a nice mix.
We’re hiring for breast, body, neuro, NM/PET, general, swing, and overnight positions.
While our partners are generally in the Dallas/Fort Worth metroplex, we offer 100%-remote partnership-eligible swing and overnight shift positions (separate positions for general, body, and for neuro).
The swing shift is 2pm-10pm central time, weekdays (M-F) alternating every other week + 13 weekends of call (yes that means mostly weekdays and not 7/7, and never any deep nights or super weird circadian-destroying hours). The deep night position is 10p-6am CST, 7 on / 14 off. Both involve typical general ER radiology, and the overnight position involves some teaching via resident overreads.
(We’re also open to normal daytime remote employees for body/general.)
So if you’re in the market, come work with me and check out our great team in Dallas. If you’re interested, send your CV to careers@americanrad.com and CC me at ben.white@americanrad.com.
It’s recruitment season, the radiology job market is hot, and there’s a lot of corporate noise. I’m thinking of maybe starting the world’s smallest radiology job board right here, open exclusively to a limited handful of 100% independent private practices.
If your group is interested in advertising on this site (and also therefore supporting my writing), email me at ben@benwhite.com.
Recruitment is a big challenge. While the ACR subsequently addressed the issue I wrote about here, I originally had the idea because of this.
When you first get into practice and really want to make a good early impression, you’re going to make some mistakes, and some of them are going to be pretty boneheaded. Everyone has holes in their knowledge, and there are almost certainly things that you should know that you somehow don’t.
Depending on your practice—and how often people see your name—it’s possible you may even burn a bridge or two with an experienced (or headstrong) clinician when you miss some key finding or raise alarm bills that didn’t need to be raised (especially when they end up causing them headaches in counseling their patients or dealing with the ER). You can’t change that first impression, all you can do is learn and improve and do better next time.
The frustrating reality is that an experienced clinician may have less general imaging experience than you do but plenty of targeted experience to answer most of their clinical questions as well if not better than you can when you first get out. Over time though, especially if you practice subspecialized or high-complexity care, you can eventually get to the next level.
With a good feedback loop including clinical follow-up to cement your knowledge, you’ll get more reps per day and spend more time reviewing each case than most clinicians seeing patients can hope to squeeze in. They will always have the patient in front of them and the clinical context that you will lack, so you will need to get better and better and better to become someone who they trust as much as—if not more than—themselves. I won’t pretend to know how many of the clinicians I work with respect me that much.
The End of Training is Just the Beginning
The practical reality is that residency/fellowship training are very important but also not always efficiently structured for practical learning. We tend to focus on the cases that hit the list every day—because there is work to get done—even though they may not be the ones that will teach us the most. We also tend to have research and procedures and other competing interests that distract from raw diagnostic radiology learning. And while reading cases out with an attending means that you get more reps of feedback than when working alone, both that and your limited experience means you will likely read fewer cases per day during training, even as a fellow, than you will as an attending.
For all of these reasons, the first six months (or two years, depending on who you ask) out of training can be a huge source of fear and anxiety but also a huge source of growth (especially if you are in a practice with high-quality colleagues that you can learn from and a healthy environment to get feedback in that will not crush your confidence).
Ultimately, the issue with learning after training is that there is no structure to make you put the extra work in, and you won’t necessarily receive feedback on most of the cases where you have the most to improve.
There’s No Forcing Function for Continuous Improvement
The sources for learning remain essentially the same: double down and read about the things that stress you out or slow you down during the workday, learn from the prior reports (especially when the person who read the case is better than you), and keep adapting your search pattern to incorporate your new knowledge and to address your mistakes.
Sometimes, adjusting your template or creating tailored macros can help you get more mental-checklist reps. For example, someone practicing neuroradiology could create a quick macro “pulsatile” that quickly runs downs the pertinent negatives for causes of pulsatile tinnitus that you invoke when that is the provided history, thereby forcing yourself to actively evaluate those causes on the images, thereby eventually making it an subconscious part of your process.
We could summarize this especially desirable kind of learning as deliberate practice. It’s simple to just get through the stack. Eventually, the muscle routines come no matter what, and you’ll gradually improve over your first five years in practice. But it’s harder to develop purposefully and improve in the specific areas you’re weak in if you don’t take a step back and figure out what are the primary causes of your errors and make sure your learning and working processes specifically address them.
So, The Phone Will Ring
For your entire career, every so often, you’ll receive a phone call asking you to take a “second look” at a case (or just flat out make an addendum). And that’s when you open it and see the obvious miss. Often that’s just human fallibility, but sometimes it will reflect a need to reevaluate your search pattern or recalibrate your chosen spot on the speed-sensitivity curve. That’s how we all (hopefully) get better over time.
Sometimes the finding is a tiny or questionable thing that is really only discernable with clinical context or history. Ideally, you’ll find every tiny Morton’s neuroma or extraforaminal disc protrusion, but sometimes it helps immeasurably to know what the actual history is and where to look. So be it.
And sometimes the doc will tell you what they think, and you’ll look at the images again, and you’ll still think you’re right. Hopefully, you’re humble enough to at least wonder if you could be wrong. That’s where having colleagues you respect can help a lot to be the tiebreaker. And sometimes, yes, the phone call is just a surgeon who wants to operate and needs you to provide an excuse. Even the bad actors can be right, so it still behooves you to treat every request with respect even when the clinician may not be.
This is something we all deal with, and the hardest part of that first year or two can be not taking it too hard. We interpret imaging for so many patients and touch a lot of lives, even though it sometimes doesn’t feel like it.
As much you can, try to remember: The ego matters less than the people behind the pictures.
In which we have the nonphysician CEO of the largest radiology company/practice in the country—one that employs 10% of the workforce, just received $720 million in rescue funding, and is valued at several billion dollars—taking the time to troll an individual radiologist on X (née Twitter):
Clearly, a man delighting in his bailout.
Update 2/27/2024:
S&P broke down the uses of that $720MM investment: $380MM to pay off the revolving credit line. $168MM for the company’s term loan. $68MM will cover its secured notes. $100MM to transactional costs and people’s pockets.
So that $500MM in “cash and liquidity” RP reported isn’t much cash. It’s mostly liquidity in that they can draw on the credit line again now that it’s been paid.
If RP invests in “growth” as promised, it won’t really be with this $720 million. That’s mostly spoken for. It will be with more freshly borrowed money from the revolver.
I’ve heard unverfied reports that the main investment here was apparently a $600MM rescue from venture firm NEA, RP’s first investor. If true, it represents a massive doubling down to prevent their initial investment from going to zero in a bankruptcy. Given the S&P breakdown, the amount they put in seems like the minimum required to get the refinancing deal done and not just a random doubling of previously published expectations due to high investor confidence.
If this all goes south one day, will make an excellent case study for the sunk cost fallacy.
They may not know how to run a radiology business, but they inarguably understand how to play the finance game: Radiology Partners completed its “comprehensive set of financing transactions to strengthen its financial position.”
In doing so, they ended up raising $720 million in preferred equity. They successfully used the promise of a substantial equity raise to get their debtholders to refinance, then used the promise of successful refinancing to further raise an additional ~$400 million.
This impressive fundraising success is going to be an even more substantial dilution of the current radiology shareholders. Radiologists now own less of this company, and because this preferred equity is reportedly paid in kind (as we discussed here), the dilution will increase over time. If you’re an RP shareholder, don’t worry though: you’ll also have the chance to participate in this fundraising round if you’d like to invest more of your money in the “leading radiology practice in the U.S.”
Of the new equity, $500 million will be used to “fund continued growth and investment in innovation.” That’s enough to buy a few more practices, but I suspect most of it will go to operational cash burn (particularly fluffing current practices negotiating for more money) and possibly some AI investments. In my view, doubling down on AI is RP’s real long-term hope and plan.
Another wide-ranging radiology conversation, this time for an episode with the resident-run radiology podcast, Clinically Correlate.
For those with an extra ~50 minutes in their lives, Daniel Arnold and I had a wide-ranging conversation on the newest episode of the Radiology Report podcast.
Lower [neuroradiology] shift volumes yielded significantly lower error rates. The lowest error rates were observed with shift volumes that were limited to 19–26 [CT/MRI] studies. Error rates at shift volumes between 67–90 studies were 226% higher, compared with the error rate at shift volumes of ≤ 19 studies.
I wonder, are there any places in the world routinely reading ~20 cases per shift?