2005 Home > Attendees > Programming > Business Center

New ASNR Business Center

Monday, May 23	Tuesday, May 24
Speakers: Gregory L. Katzman, MD Jonathan Breslau, MD Frank J. Lexa, MD, MBA 1:00pm - 2:30pm	Speakers: Dieter Enzmann, MD, MBA Steve Stevens, MD William Bradley, MD, PhD, FACR 1:00pm - 2:30pm

ASNR Business Center lectures are offered FREE of charge.

Synopsis: The ASNR Business Center will offer executive lectures encompassing topics pertinent to management and administration for both private practice and academic departments. Business Center lectures will be given in two blocks, each of which is 90 minutes in duration. Within each block, three speakers are scheduled for 20-25 minute didactic lectures with 5-10 minutes of question and answer time.

Goals: Topics will be presented spanning ability levels from basic review to specific financial principles. Experienced luminary neuroradiologist speakers with significant business experience will be recruited from within our own membership.

Target Audience: Radiologists who make business decisions for their practices or any radiologist interested in learning more about the mechanisms by which a practice functions.

 Monday, May 23 | 1:00pm - 2:30pm

"Welcome and Introduction to Business Issues in Radiology"
Gregory L. Katzman, MD
Chief, Department of Radiology
VA Salt Lake City Health Care System

A brief introduction to the ASNR Business Center concept will describe the topics to be covered and the overarching goals we hope to achieve. Following this, Dr. Katzman will present basic financial accounting principles which are often utilized by internal management for business planning as well as by external investors for evaluation of financial performance.

"Net Present Value and Finance for Practicing Radiologists"
Jonathan Breslau, MD
Radiological Associates of Sacramento

Today's radiology practices need the financial sophistication to make smart investment decisions. Familiarity with fundamental concepts of financial analysis, especially net present value, allows radiologists to create and value project opportunities, estimate revenue streams based on changing assumptions, and generally spend their money wisely. Dr. Breslau will discuss the capital budgeting process for new ventures and highlight net present value as the central quantitative assessment of a series of cash outflows and cash inflow.

"Managerial Accounting Applications in Radiology"
Frank J. Lexa, MD, MBA
Professor, Wharton Graduate School of Business

Managerial accounting is one of the most powerful tools used to optimize business decisions. In the field of diagnostic imaging, these techniques can be adapted to help radiologists make better choices by understanding what it really costs to provide a service. An MR imaging case study will be used to introduce terms such as fixed, variable, marginal, direct and indirect costs. The concept of service activity costing will be used to differentiate used and unused service costs in an imaging center. This application will then be used to show how knowing this information can improve your decisions through a better understanding of what you are really getting for your money.

 Tuesday, May 24 | 1:00pm - 230pm

"Financial Perspectives and Concepts Useful in Radiology"
Dieter Enzmann, MD, MBA
Chairman, University of California, Los Angeles
Radiology Department

This session will concentrate on concepts in finance that are useful to radiologists in managing operations, in making practice and capital equipment decisions, and assessing strategy. The limits of financial analysis are also considered.

"Private Practice vs. Academic Management"
Steve Stevens, MD
Chairman, University of Utah
Radiology Department

The challenges of managing an academic practice are quite different from those of a private practice; but perhaps in ways different than one might expect. The personal experiences of almost eighteen years running a hospital based practice in the private world are compared and contrasted with those of eight years of leadership as vice-chairman and subsequently as a chairman in academic life.

"Offshore Teleradiology: Bane or Boon?"
William Bradley, MD, PhD, FACR
Chairman, University of California San Diego
Radiology Department

This talk will discuss the benefits of using PACS and the internet to cover wet readings originating from the US with American-trained and boarded radiologists from countries where it is daytime when it is night time in the US. Offshore nighttime coverage will be compared economically to having local radiologists stay up at night. This service will also be compared to "outsourcing" radiology studies to radiologists without American Board certification in other countries, e.g., India.