Radiology Partners reviews

I am a radiologist at Radiology Partners (RP). They are many well intentioned and strong physicians at RP, and my review is in no way a reflection of them. They were all these things before RP existed, and is a function of them. RP is just like every other slash and burn Private Equity group of pirates looking to pillage radiology. They know some of us are hesitant, so they do a strong job of packaging themselves as different. They are not. They just recycle myths out there to make you feel so, such as: Myth:“RP is a practice, not a company” This is meant to fool you into thinking RP is just like some friendly pediatrician down the street who takes great care of your children. Reality: RP is a company, funded by a massive private equity group, New Enterprise Associates (NEA), with the help of some loans from Golub Capital. In case you were wondering, the fellows at NEA and Golub Capital did not come to the world of radiology to make radiologists a bunch of fulfilled, happy medical professionals, they came to make a return on their investment, bringing to the following myth. Myth: Radiology Partners itself as a name Reality: This is a clever piece of marketing, implying you are their partner. You’re not. You are their investment. Your human value to them is the same as one might put into a certificate of deposit, except they are going to make sure they get a much higher return on their investment. They have some “local practice boards” fluff mixed into their marketing ploys for “autonomy”. Really, you are an employee of some executives enjoying the sun in their HQ in Southern California who are going to make a fortune of grinding you down. A more accurate name would be Radiology Indentured Servants. Myth: Radiologists need some transformational organization to help them with the evolving complexities of radiology ranging from technology to billing. Reality: All fields change, however, the core of radiology practices is not really that complex, it has been made to seem complex so we are tricked into why we need some black magic from RP to help us make sense of it when we don’t. There is a reason why elite executives are making millions of RP but not running your local radiology practice, it is because they can only make millions at RP and not at actually running your local radiology practice. Does anyone need a team of money hungry private equity pirates to help you make the overnight call schedule? You need an excel spreadsheet. Does anyone need them to do billing? Do you think they enjoy CPT billing codes and their dream in life is help you sift through them? Their other favorite ploy is the technology based marketing tricks, as if RP has some secret membership to software vendors that you cannot find. If you want some new software suite that incorporates new AI technology, or a new PACS system, those vendors are just as accessible to you as to RP. Myth: Radiologists think highly of RP. Reality: The only radiologists that might lend a favorable review on RP are exceedingly biased, because they are enriched by it, either through their buyout cash or because they are in administrative roles. Myth: RP is transparent. Reality: RP guards their transactions and terms extremely carefully and discreetly. It is fascinating how impossible it is to get a true take on their buyouts with actual data So how does RP really grow then? Pretty simple, through $$$. They approach a potential “partner” practice, and basically pay off the partners. These buyouts are significant, usually 7 figures. Sure, partners benefit in short term, but long term this is a poison pill for the practice. RP is now giving the poison pill to the entire field. They did not give you the money to help you out, they gave it to profit off owning you as a well-trained indentured servant. After this they will cut salaries across the board, and increase workload so they can bill more from you. What you earn will be a progressively smaller percentage of what work you do. There is no single organization more successful at gutting the soul of radiology than Radiology “Partners” in such a short period of time. General Partner and key player in RP, Mohammed Makhouzmi was recently quoted in the Wall Street Journal regarding radiology as “The sector is consolidating so quickly, it's time to pour gasoline on it”, what radiology needs now more than ever is sincerity, not duplicitous and greedy arsonists.