Originally posted by eddieberetta
1) If high-quality software engineers can be found elsewhere, I don't see why high-quality radiologists cannot.
This applies to all medical specialties.
2) regarding malpractice and legal issue, I am sure if there is money to be made (which will be plenty on the parts of the hospital and the insurance companies when they can outsource the film to other radiologists in other countries), insurance companies WILL come up with a way of covering the malpractice behind the reading of these films.
This will mitigate against the cost savings, especially because the foreign-based radiologists will need to be ABR/US credentialled. In addition, local radiologists will still be needed for a number of reasons I have outlined above.
3) I do not see why radiologists' compensation will not go down in near future. If HMO's or other forces can cut the reimbursements for general surgery by slashing the money paid for each procedure, they will do the same to radiologists for each film read in very foreseeable future.
This is a separate issue. Looking back, radiology has always been an above-average specialty, but you are right that the extent of this can change. I will add that studies have shown that the the high salaries in rads are due to higher productivity per radiologist despite decreasing unit reimbursement -- so the situation is not that different from surgery. However, technology/PACS/workflow improvements have kept radiologists on the winning side so far...
4) Lastly, all specialities come in cycles. A few years ago, FMGs are common place in radiology, but now it is so competitive that only American grads have the best chance of matching into ONE program. But again, there might be one day when radiology become non-competitive again. Ultimately, one needs to choose a profession based on interest and not the "perceived" financial and lifestyle gains because those can change really fast.
I agree!!! I love radiology and I think it is the coolest specialty in medicine. Picking a specialty on the basis of interest is the only surefire way to avoid disappointment.
It is important to note that radiology is the most rapidly changing area in medicine. American (and Canadian hehe) radiologists are on the cutting edge of a rapidly advancing specialty. The world looks to us for leadership both from a clinical and a technological standpoint. There will always be more advanced imaging on the horizon, and we are the ones being these innovations into clinical practice.