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Can I read Financial Ratios in Diagnostic Radiology Practices: Variability and Trends on EtoBox?
Financial Ratios in Diagnostic Radiology Practices: Variability and Trends by Christopher Hogan; Jonathan H. Sunshine is a Medicine article available to read on EtoBox.
What is Financial Ratios in Diagnostic Radiology Practices: Variability and Trends about?
## PURPOSE: To evaluate variation in financial ratios for radiology practices nationwide and trends in these ratios and in payments. ## MATERIALS AND METHODS: In 1999, the American College of Radiology surveyed radiology practices by mail. The final response rate was 66%. Weighting was used to make responses representative of all radiology practices in the United States. Self-reported financial ratios (payments, charges, accounts receivable turnover) were analyzed; 449 responses had usable data on these ratios. Comparison with results of a similar 1992 survey and combined analysis with Medicare data on billed charges provided information on trends. ## RESULTS: All measures of payment collections declined sharply from 1992 to 1999, with the gross collections rate (revenues as percentage of billed charges) decreasing from 71% to 55%. Average payment for a typical radiology service decreased approximately 4% in dollar terms or approximately 19% in inflation-adjusted terms. In 1999, nonmetropolitan practices appeared to fare better than others. Among insurers, Medicaid stood out as a low and slow payer, but neither managed care nor Medicare had a consistent effect on financial ratios.
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- Author
- Christopher Hogan; Jonathan H. Sunshine
- Publisher
- Radiological Society of North America (RSNA)
- Published
- 2004
- Language
- EN
- Field
- Medicine (Health Sciences)