As new diagnostic radiology applications are developed, the increase in emergency scans is squeezing an already strained pool of radiologists. In addition, over 40 percent of emergency scans occur at night when fewer doctors are available. Radiology groups now increasingly turn to nighthawk teleradiology companies to handle this important part of their hospital contract.

The threat of corporatization

However, as the teleradiology niche grows, many companies are seeking venture capital. There is a growing perception of risk on the part of radiology groups who fear the loss of autonomy as corporate entities enter the field of teleradiology. Within publicly traded firms, radiology becomes a commodity and profits are the focus. In an attempt to boost profits, will corporate giants sacrifice quality and industry incomes, or will prices be gouged? Will large public teleradiology companies seek to take your practice's daytime business or contract with other medical specialties? The benefits of outsourcing night coverage must be weighed against the long-term costs of inviting a competitor into your hospital or imaging center. 

StatRad: A radiologist-centered approach

StatRad is different. Because we are privately owned by radiologists, we are firmly committed to the best interests of the radiology profession. StatRad is dedicated to rigorous quality standards and the fair treatment of our clients as well as the radiologists with whom we affiliate. As stated in our contract, we will never compete with our clients for their daytime hospital coverage and our clients retain control of their after-hours services and contract.

StatRad returns our profits to the development of software and other products that make radiologists more productive. We take a stand against offshoring and provide coverage from solely within the U.S. We believe that radiologist-owned companies like StatRad will continue to make better decisions for our profession than companies that supply profits to shareholders.