August 22, 2024
Strategic Radiology and PBS Radiology Business Experts have formed a partnership to deliver personalized, maximized revenue cycle services for Strategic Radiology members. This collaboration will leverage PBS Radiology’s expertise as former radiology practice executives and health system leaders to provide Strategic Radiology’s network of independent radiology practices with revenue cycle management services, at reduced tiered rates through group purchasing.
PBS Radiology Business Experts, a privately owned, independent leader in radiology-focused revenue cycle management, brings to the partnership decades of radiology business experience optimizing billing and operational efficiency for radiology practices across the nation. By joining forces with Strategic Radiology, a consortium of over forty independent radiology practices committed to improving quality, cost, and patient outcomes, the partnership is poised to create a new standard in radiology revenue cycle for independent practices.
“Physicians continue to experience declines in reimbursement across payors, with increases in their practice’s operating costs. The impact to radiology is even more disproportionate given the current radiologist shortage, imaging services demand, and increasing teleradiology costs. Increasing a practice’s collection opportunity is critical.” states Nicole Jones-Gerbino, President of PBS Radiology. “PBS strongly supports the independent practice model, and as a privately owned company with owners active in the business of radiology, we are well aligned to support Strategic Radiology practices with advanced industry expertise and revenue cycle management solutions.”
The collaboration will deliver industry leading solutions tailored to the unique needs of independent radiology practices, including advanced revenue cycle management, expertise of former practice leaders, and data-driven decision-making tools. These solutions will allow practices to streamline their revenue cycle and increase reimbursement, all while maintaining the highest standards of care.
“Close attention to billing practices and oversight of revenue cycle management are of critical importance to private practices attempting to thrive in today’s challenging medical economy,” said Scott Bundy, MD, FACR, CEO and Chair, Strategic Radiology. “We are gratified by this partnership with PBS and its team of seasoned radiology professionals to provide our member groups a broader range of financial tools and resources.”
The partnership will also focus on education and knowledge-sharing initiatives, providing Strategic Radiology member groups with access to PBS Radiology’s extensive billing and practice resources, including full-service revenue cycle management, fractional revenue cycle and management services, billing software optimization, and provider education.
About Strategic Radiology: Strategic Radiology (SR) is a national coalition of independent radiology practices representing 1800+ radiologists that have come together to improve quality, gain operational efficiencies, and innovate the future of radiology’s private practice model.
About PBS Radiology Business Experts: PBS Radiology Business Experts is an independent privately held company that partners exclusively with radiology practices nationwide to solve reimbursement challenges, accelerate business growth, and increase profitability. PBS positions their team of experts to seamlessly serve as an extension of the practices they serve, providing customized revenue cycle, practice assessment and consulting services for clients and their patients.
For more information about this partnership and how it will benefit radiology practices, please visit www.strategicradiology.org and www.pbsradiology.com.