There are literally no jobs in Radiology. What happened? I have been doing this for 10 years and now nothing? What a lousy field. I should have done a medical or surgical specialty.
There are literally no jobs in Radiology.
Do you know of one?
I have 10 years experience and have read 250,000 exams. I am board certified and have no malpractice claims. I have 12 state licenses. I do all modalities including many interventional procedures.
Do you know of one? I have 10 years experience and have read 250,000 exams. I am board certified and have no malpractice claims. I have 12 state licenses. I do all modalities including many interventional procedures.
This is not my way of testing the job market. I have talked to recruiters, (the few that remain in radiology). I have applied for everything on the ACR website and radworking. These are the two biggest job posting sites. Most jobs now want a specific fellowship. MSK, Neuro, mammo, IR.
I have never seen so many ads for Neurointerventionalists! Has any practicing radiologist seen an aneurysm coiled lately.
I am struggling to get interviews for fellowships for gods sake! They pay 50K per year!
Radiologists aren't laid off. Their contracts are not renewed. LOL
One of the partner IR docs in my old group was recently fired as well.
Every radiologist I know is shaking in his boots right now. I'm talking "partners!"
Dr Awesome. There are no "owners" in Radiology. The vast majority of groups hold hospital service contracts. Partner only means you get an equal share of the pie.
The lack of ownership is what makes rads a bad field in my opinion.
You must not be a rads resident. ER, Path, and Anesthesia have the same issues.
There isn't a single attending left where I trained in Chicago 10 years ago. A new group has the contract.
Radiology is being gobbled up by national corporations that take over the hospital contract and use mainly tele-radiologists who will work for nothing so they can live somewhere nice like LA.
I do not know of a radiology group that owns its own equipment. I'm fairly knowledgeable in the field.
covert smells like a troll and speaks like a fool.... he can't possibly be a radiologist (crosses fingers)
What have I said that is foolish you idiot?
Are all medical students this ignorant. Our profession is going to the dogs. Doctors just want to be glorifed hospital employees who don't have a clue. :-(
covert smells like a troll and speaks like a fool.... he can't possibly be a radiologist (crosses fingers)
I should stop reading this forum before interviews.
\ER, Path, and Anesthesia have the same issues.
I love radiology but I'm terrified of Obamacare. I want to make a good living.
There is a touch of truth in what the OP says.
The job market is tight right now. ER and Hospitalist has the best job market among all medical specialties.
Finding a job is really dependent on your connections and where you have been trained. I was very positive about job market as me and most of my co-residents could find decent jobs in the area of our training which is a very desirable coastal city. However, recently I have seen bunch of graduates of small programs that have trouble finding a job in desirable location even after finishing fellowship in a Big name or doing 2 fellowships.
Let me be very frank about it. If you go to a Top academic program and make a lot of connections, you will be fine finding a job in a desirable location with some compromises. However, if you are going to a community program or a small academic center remote from your desirable location, it is very very tough to break into desirable locations market including large coastal cities. Even the market for mid west medium size cities is saturated.
You may argue forever about equal level of training in community vs academic programs. However, these days it does not work. Most jobs are filled internally through knowing people and most of them are graduates of the academic center in the area. For example if you want to work in Boston, SF or San Diego, almost all of the jobs are filled internally in these areas by graduates of Harvard, UCSF or UCSD through word of mouth or friendship with prior graduates. Each of these centers have 10-14 residents in each class and 30-40 fellows. By the end of your residency/fellowship, you will know about 200 people, most of which are working in the same area.
Long story short, if you want to break into desirable markets, you have to be proactive with a lot of connections and also you have to be a graduate of a big name program (residency + fellowship). On the other hand, you won't be out of work, but expect ending up in rural flyover country.
The radiology job market sounds as bad as the lawyer job market. Worse even, since radiologists can't open their own offices.
You must not be a rads resident. ER, Path, and Anesthesia have the same issues.
There isn't a single attending left where I trained in Chicago 10 years ago. A new group has the contract.
Radiology is being gobbled up by national corporations that take over the hospital contract and use mainly tele-radiologists who will work for nothing so they can live somewhere nice like LA.
I do not know of a radiology group that owns its own equipment. I'm fairly knowledgeable in the field.
The job market is tighter now so graduating residents can't begin at 400k with no fellowship. There are still jobs, but not a plethora of them like before.
What makes the job market so tight currently? And what are realistic, current starting salaries?
Please no sky is falling comments. I think it would be very helpful for those of us just starting out to hear about the current and factual realities of the field.
Is the job market likely to improve in the next few years, are too many residents being trained or what exactly?
There are no straightforward, simple answers to these questions. There are myriad factors at play here.
Part of the problem is that radiologists stopped retiring when the economy tanked back in 2008 and 2009. There have also been, and will be, reimbursement cuts. Rather than accept a decrease in salary, most radiologists have opted to just work harder and delay hiring.
I personally believe that the job market will steadily improve over the coming 5 to 10 years. However, I don't think we will ever see anything like the boom times from the early part of this millennium. A disproportionately high percentage of radiologists are above the age of 55. They have to retire at some point, and as the economy improves, younger radiologists will retire at a more usual age.
Lots of people are upset about the job market, but stories of truly unemployed radiologists are so rare that they might as well be nonexistent. You might not get the job that you want in the location that you want, but it's not like you're going to be collecting an unemployment check.
It's important to go into this field with realistic expectations. Do radiology because you love it, and the money will just be an added bonus, if it's still even there. I think a huge disconnect remains between the lifestyle and reimbursement of private practice radiology and the expectations of recently graduated residents and fellows. These folks chose radiology in the mid part of the last decade, when the market was extraordinarily different.
Current medical students interested in radiology should understand that what they experience in residency programs is not reflective of daily life for most radiologists. Radiology is not, and has not been, a lifestyle specialty for many years now. Sure, the money is still very, very good, but you will work your tail off for that cash. I expect this trend to continue, as private practices try to "take back the night" from teleradiology companies in large part due to declining reimbursement.
There are no straightforward, simple answers to these questions. There are myriad factors at play here.
Part of the problem is that radiologists stopped retiring when the economy tanked back in 2008 and 2009. There have also been, and will be, reimbursement cuts. Rather than accept a decrease in salary, most radiologists have opted to just work harder and delay hiring.
I personally believe that the job market will steadily improve over the coming 5 to 10 years. However, I don't think we will ever see anything like the boom times from the early part of this millennium. A disproportionately high percentage of radiologists are above the age of 55. They have to retire at some point, and as the economy improves, younger radiologists will retire at a more usual age.
Lots of people are upset about the job market, but stories of truly unemployed radiologists are so rare that they might as well be nonexistent. You might not get the job that you want in the location that you want, but it's not like you're going to be collecting an unemployment check.
It's important to go into this field with realistic expectations. Do radiology because you love it, and the money will just be an added bonus, if it's still even there. I think a huge disconnect remains between the lifestyle and reimbursement of private practice radiology and the expectations of recently graduated residents and fellows. These folks chose radiology in the mid part of the last decade, when the market was extraordinarily different.
Current medical students interested in radiology should understand that what they experience in residency programs is not reflective of daily life for most radiologists. Radiology is not, and has not been, a lifestyle specialty for many years now. Sure, the money is still very, very good, but you will work your tail off for that cash. I expect this trend to continue, as private practices try to "take back the night" from teleradiology companies in large part due to declining reimbursement.
So from what you are saying, it seems like the workflow is pretty high pressure/high volume then huh?
As far as reimbursement cuts, can you elaborate on that? Do you expect cuts every year, and for how long?
I guess I don't quite understand how much more they can cut - at some point, they will have radiologists working for free it seems if they keep cutting.
And once this stabilizes, what range do you expect radiologist salary to be at?
For the most part, yes. Some groups decide to be "lifestyle" groups, meaning the partners are willing to accept less money for fewer studies read per day and/or more time off. But the volume is still orders of magnitude higher than most residencies. There is always academia, but the pay drop-off is substantial, or you could take a government job (VA or military contractor).
As for how long, who knows? Suffice it to say that medical imaging is a huge percentage of healthcare costs in this country. That makes for an inviting target. Healthcare expenses are unsustainable at their current level, so something will get cut. We can all make reasonable arguments for why it should be someone or something else, but John Q. Public doesn't care if your salary goes down X% because you're a rich doctor. My opinion is that we need to wrestle healthcare away from the health and malpractice insurance companies. That is, grow the pie for physicians rather than worry about who is getting a bigger slice. That's easier said than done, because insurance companies have a much more effective lobby than physicians in general or radiologists specifically. Also, physicians are very good at fighting with each other rather than uniting against outside influences. I don't have any good answers here except to say we should all contribute to RADPAC.
Probably more than you think. Radiologists have a decade of training invested in their craft. We don't know how and don't want to do anything else with our lives. If the choice is between earning $200K per year as a radiologist, retraining in a different specialty, or leaving medicine altogether, I suspect most of us would choose the former. There is a tipping point, of course, I just don't know where it is. That's not to say I think things will become Draconian vis-a-vis salary - just that people need to adjust their expectations accordingly.
So I am assuming that the expectation for salaries to stay in the 300k+ range is not reasonable and that primary care salaries will be hitting radiology in the near future? No wonder people are fleeing radiology in droves! Ahh!
Man, I feel like I wasted a decade of my life! I did not realize the US did not value us to any extent. Should have been a consultant or something.
This is depressing to say the least.
I don't think I'm as pessimistic as you sound. I think salaries in the $300K range are highly realistic, maybe even higher. It's just a matter of how hard we'll have to work for it.
The good news is that medical imaging is essential to the modern delivery of healthcare, so future radiologists should rest easy that we'll at least have a seat at the table. I also think the rise of mid-levels bodes well for radiologists, since I think that PAs and NPs will order more tests for the same level of acuity than their MD counterparts. Also, too many people fret over subspecialists reading their own studies (which is unrealistic for many reasons), when that ignores the fact that specialists won't be ordering the lion's share of tests in the future.
The huge unknown is ACA. If it speeds us to a single-payer system, then who knows what will happen. In the short term, the ACA could be a good thing for radiologists. Depending on location, a substantial portion of a radiologist's practice is essentially charity care. If the ACA succeeds in getting more people insured, then that could help our bottom line. I'm not saying that's how it will play out, just that there are tons of things still to be worked out.
I hate to be cliche, but cliches exist for a reason. Choose radiology because it's what you enjoy; the rest is just icing. That's easy for me to say because I think I'd rather not practice medicine than be a non-radiologist physician. If someone is on the fence about radiology and gets scared off by the market, then so be it. I don't think we'll run short of future radiologists, and I think it's good for the field to have people who are passionate about it.
I agree that passion is important, but if one's dedication, work for over a decade, etc not pay off then I don't think making this sacrifice makes sense. We shouldn't just "count ourselves lucky" to get a job, it should be a given and I think we should be deserving of a decent career, and not have to work to the bone. I don't think that's too much to ask is it?
Depressing. I don't think I should have to work 60 hours a week after over a decade of training to make 300k+.