How to make money in radiology

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Last month, I was with a young radiology MD student who was escorting me to the venue of a conference that I was speaking at. He studies in a private medical college. The fee he had paid for entry into the radiology MD course was Rs.

I was told that most other private medical colleges that offer MD courses in radiology in the country have similar fee structures, as well. I want to concentrate, in the piece, on the misconceptions about incomes in radiology.

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I asked the resident just one question. If he had known at the time of admission, what he knew now as a second year resident, would he still have paid the money? The reason a student pays this kind of money to enter radiology is related to one of two situations. This article is not about them.

I am focusing on the second group, i. This belief probably comes from the outward perception that CT scans and MRI machines generate large revenues, which in turn has led to a misconception among the lay public as well as non-radiology medical professionals, that there is a disproportionate amount of income to be made in radiology as compared to other professions.

This is so untrue. The capital expenditure required to start CT scan and MRI centers is huge. Competition is fierce and most centers earn just enough to pay back their loans. Also, as far as salaried radiologists are concerned, individual radiologists at best can hope to make between Rs.

For example, a cardiac surgeon who performs five surgeries per day will earn an astronomical amount of money, which is not really the norm for cardiac surgeons throughout the country. Similarly, some radiologists may be able to pull in disproportionate income due to a combination of unusual factors that are usually very difficult to replicate, e.

And, it may be a good idea for the public at large and medical students in particular to understand these facts. Many radiologists do not understand the business aspects of the profession they work in. However, sooner or later, a working knowledge of basic issues related to accounting, processes, human resources, etc. Given the large capital expenditures involved, this knowledge or lack of it can make or break a radiology department.

This is not true, especially in radiology.

Strong, reasoned opinions on this subject will be published as Letters to the Editor in the February issue, if received by December National Center for Biotechnology Information , U. National Library of Medicine Rockville Pike , Bethesda MD , USA.

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Why Radiologists Are Bad With Money | Diagnostic Imaging

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Journal List Indian J Radiol Imaging v. Indian J Radiol Imaging. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. This article has been cited by other articles in PMC.

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