Ted Wen's guest appearances

Ted Wen

BackTable Vascular & Interventional

The Radiology Report Podcast

OwlTail

Dhruv Chopra

In this episode, co-hosts Drs. Ally Baheti and Mike Barraza interview Dr. Ted Wen of Texas Radiology Associates and Dhruv Chopra of Collaborative Imaging about perspectives and helpful technology when managing an independent radiology practice.---CHECK OUT OUR SPONSORRADPAD® Radiation Protectionhttps://www.radpad.com/---SHOW NOTESDr. Wen shares reasons why he and his colleagues chose to keep their practice independent. The fast-growing group spent eight years doing due diligence about private equity (PE) to decide if that was the right model for them. Dr. Wen met with PE firms around the country to explore the process of transitioning into PE practice ownership and its implications for current colleagues and future physician hires. Selling to PE would disproportionately benefit senior partners, who were ready to be bought out, over junior partners who would not qualify for the same deal. Additionally PE management could have the power to raise minimum RVU requirements and enforce highly restrictive noncompetes. Texas Radiology Associates ultimately decided that in order to compete in the radiology marketplace as an independent practice, they needed to make significant investments in technology to better serve their patients. They started to connect with Collaborative Imaging to pursue this mission.Dhruv notes that PE has the potential to bring in financial support, strategic relationships, and pathways to growth, but he also warns the audience that not all PE contracts are transparent nor designed to benefit physicians. Workflow, staffing, and collaboration with referring doctors can be extremely difficult when firms value cost savings and RVUs over patient care. All of these stressors have negatively impacted the radiology burnout rate. Dhruv describes the start of Collaborative Imaging, in 2018, as an attempt to integrate a revenue cycle management (RCM) system with radiology workflow at Texas Radiology Associates. This provided a cost-efficient solution that frees up funds to invest in other areas of the practice. Collaborative Imaging is currently working on an AI-driven system to notify patients of actionable findings that come up in their imaging. They are also exploring technology that will adapt the style of radiology reports to different referrers’ preferences.Both guests discuss the common inefficiencies that independent radiology practices face, including RCM, clarification over patients’ payment plans, and office wait times. Collaborative Imaging is working with practices around the country to build solutions. Radiology groups can contribute a percentage of their revenue into Collaborative Imaging and receive dividends, or they can license the RCM solution.---RESOURCESEp. 277- Private Equity and the Radiology Job Environment with Dr. Ben White:https://www.backtable.com/shows/vi/podcasts/277/private-equity-the-radiology-job-environmentTexas Radiology Associates:https://texasradiology.com/Collaborative Imaging:https://collaborativeimaging.com/

In this episode, co-hosts Drs. Ally Baheti and Mike Barraza interview Dr. Ted Wen of Texas Radiology Associates and Dhruv Chopra of Collaborative Imaging about perspectives and helpful technology when managing an independent radiology practice. --- CHECK OUT OUR SPONSOR RADPAD® Radiation Protection<a href="https://www.radpad.com/" rel="nofollow" target="_blank">https://www.radpad.com/</a> --- SHOW NOTES Dr. Wen shares reasons why he and his colleagues chose to keep their practice independent. The fast-growing group spent eight years doing due diligence about private equity (PE) to decide if that was the right model for them. Dr. Wen met with PE firms around the country to explore the process of transitioning into PE practice ownership and its implications for current colleagues and future physician hires. Selling to PE would disproportionately benefit senior partners, who were ready to be bought out, over junior partners who would not qualify for the same deal. Additionally PE management could have the power to raise minimum RVU requirements and enforce highly restrictive noncompetes. Texas Radiology Associates ultimately decided that in order to compete in the radiology marketplace as an independent practice, they needed to make significant investments in technology to better serve their patients. They started to connect with Collaborative Imaging to pursue this mission. Dhruv notes that PE has the potential to bring in financial support, strategic relationships, and pathways to growth, but he also warns the audience that not all PE contracts are transparent nor designed to benefit physicians. Workflow, staffing, and collaboration with referring doctors can be extremely difficult when firms value cost savings and RVUs over patient care. All of these stressors have negatively impacted the radiology burnout rate. Dhruv describes the start of Collaborative Imaging, in 2018, as an attempt to integrate a revenue cycle management (RCM) system with radiology workflow at Texas Radiology Associates. This provided a cost-efficient solution that frees up funds to invest in other areas of the practice. Collaborative Imaging is currently working on an AI-driven system to notify patients of actionable findings that come up in their imaging. They are also exploring technology that will adapt the style of radiology reports to different referrers’ preferences. Both guests discuss the common inefficiencies that independent radiology practices face, including RCM, clarification over patients’ payment plans, and office wait times. Collaborative Imaging is working with practices around the country to build solutions. Radiology groups can contribute a percentage of their revenue into Collaborative Imaging and receive dividends, or they can license the RCM solution. --- RESOURCES Ep. 277- Private Equity and the Radiology Job Environment with Dr. Ben White:<a href="https://www.backtable.com/shows/vi/podcasts/277/private-equity-the-radiology-job-environment" rel="nofollow" target="_blank">https://www.backtable.com/shows/vi/podcasts/277/private-equity-the-radiology-job-environment</a> Texas Radiology Associates:<a href="https://texasradiology.com/" rel="nofollow" target="_blank">https://texasradiology.com/</a> Collaborative Imaging:<a href="https://collaborativeimaging.com/" rel="nofollow" target="_blank">https://collaborativeimaging.com/</a>

Ep. 347 Alternatives to Private Equity in Radiology- Staying Independent with Dr. Ted Wen and Dhruv Chopra

In this episode, host Daniel Arnold talks about Improving Processes to Improve Patient Care with Ted Wen, MD, CCO &amp; co-founder of Collaborative Imaging and Dhruv Chopra, MBA, CEO &amp; co-founder of Collaborative Imaging.  Dhruv and Dr. Wen share how they both discovered radiology, how they met and the way they work together, and founding Collaborative Imaging in an effort to help groups stay independent. Daniel, Dr. Wen, and Dhruv also talk about the importance of closing the loop with physician feedback and working towards better processes to improve the quality of patient care.  Like this episode? We'd love it if you could leave us a five star review! And make sure to subscribe, so you never miss an opportunity to hear from the leaders in radiology. Learn more at radiologyreportpodcast.com.

In this episode, host Daniel Arnold talks about Improving Processes to Improve Patient Care with Ted Wen, MD, CCO &amp; co-founder of Collaborative Imaging and Dhruv Chopra, MBA, CEO &amp; co-founder of Collaborative Imaging.  Dhruv and Dr. Wen share how they both discovered radiology, how they met and the way they work together, and founding Collaborative Imaging in an effort to help groups stay independent. Daniel, Dr. Wen, and Dhruv also talk about the importance of closing the loop with physician feedback and working towards better processes to improve the quality of patient care.  Like this episode? We'd love it if you could leave us a five star review! And make sure to subscribe, so you never miss an opportunity to hear from the leaders in radiology. Learn more at <a href="http://radiologyreportpodcast.com/" rel="nofollow" target="_blank">radiologyreportpodcast.com</a>.