A case study: How group negotiations led to better contracts for interventional radiologists
KevinMD July 17, 2024
The group’s story: facts and dynamics
This unique group of three interventional radiologists, each making a substantial income, found themselves in a situation where their compensation was not commensurate with their contributions. Their pay structure had not been updated in eight years. According to our analysis, each was making good money, but the pay was not fair (over $700k) by market standards. They were paid on a 1099 basis, paid their malpractice insurance, and had no paid leave (they were 100 percent production). They were paid per wRVU they produced and 15 percent of an infusion center’s profits. The medical director was also paid an additional $60k annually for the administrative time he allocated beyond his clinical duties. Despite the...