For Orthopedic, Spine, and Neurosurgeons, the hottest investment income is generated by their MRI Ancillary Revenue Stream!
Every day, as a Specialty Group Surgeon, you utilize critically important diagnostic imaging tools, such as MRI. An Orthopedic and Spine Surgeon, for instance, will routinely order an MRI Scan to be performed on several patients daily. Over the course of a month, these numbers can add up quickly in a medical group setting.
If you do not have a medical group-owned MRI, you send these MRI scan referrals to an outside entity that earns significant income from your patients' MRI scan revenue.
Imaging revenue is income generated through your professional skills and efforts. Income that goes to the benefit of whatever entities you refer your MRI images to. If you have your own MRI Imaging center, that revenue stays with you!
By taking advantage of the revenue earned from the MRI scans performed on your patients, the MRI Ancillary Revenue Stream can quickly and positively impact your financial investment portfolio, and it is anything but passive!!
After accounting for all expenses, we routinely see 50% to 65% Annual Return on Investment for each MRI project partner.
In our experience, every partner in an Orthopedic Practice should be able to bank $200,000 each year from their in-office MRI.
After completing one MRI Magnet Installation Project, I remember fondly and with a great deal of satisfaction reviewing the financials for the Orthopedic and Spine Surgeon group after their first year of operating their MRI and discussing the distribution of $1,000,000 in profit from the MRI Imaging Center among the five physician owners!
What determines the financial return on my MRI Ancillary Revenue Stream investment?
The Return on Investment can depend on the size of the medical group, the physician composition of the group, the number of referrals they have each month, the insurance agreements negotiated, and the expenses and financing for the project buildout and implementation. We can assist you in obtaining this information in the project consulting we provide for our physician clients.
How many MRI Scans do I need to benefit from an Ancillary Revenue Stream Investment?
As I have mentioned on our website, MRI Consulting Group, even utilizing conservative assumptions, if your medical group refers out 160 scans per month or more, you are in the ballpark of benefiting financially from your own in-house profitable MRI. With surgeons and physician assistants making referrals, experiencing solid profitability with your MRI becomes inevitable.
How much liquidity and flexibility would the Medical Practice MRI Imaging Center Investment offer?
Medical practices can sell the investment shares to incoming physician partners, while physicians leaving the group or retiring may sell their shares to the group. In my experience as the CEO of several successful Orthopedic and Spine Medical groups, the resale value of the Imaging Center Investment for a physician ownership share, with a known track record and highly positive cash flow, was higher each successive year than the investing physician had paid by a significant amount. In some medical groups, in addition to the end-of-the-year annual distribution of MRI Revenue Stream Income, the physician owner may be able to take some amount of monthly distribution of ongoing profit share in their MRI Imaging Center Revenue Stream Investment, guided by physician partner bylaws and standard accounting practices for the medical group.
As a physician group partner, the divestiture of your MRI Imaging Center ownership and lucrative MRI Ancillary Revenue stream would typically occur at the time of practice retirement, making it a retirement investment asset of nearly unparalleled strength and value. An investment asset that will have provided you as a physician partner with a tremendous annual income stream along the way, a revenue stream you might have easily missed out on.
Practices can greatly enhance MRI Ancillary Revenue Stream investment returns and practice valuations through medical practice physician recruitment!
Usually, the physician specialty practice grows annually, with new physician hires. In my experience, almost without exception, new physician recruits are excited by the MRI Ancillary Income Revenue Stream and the additional financial benefits that it offers. Such revenue can be a significant attraction for top candidates considering joining your medical group. Even in the most competitive hiring environment, your medical group can often recruit the best candidates with the added value of offering an opportunity to benefit from a lucrative and growing MRI Ancillary Revenue Income Stream!
In addition, in adding a new physician to the group, the current partners are excited to see the increased profitability in adding more referrals to the group MRI Imaging Ancillary Revenue Stream and also in having an opportunity to have an additional physician contribute to the sharing of expenses for the MRI Service Line, further positively impacting MRI Revenue Steam Income for each physician partner!
Imagine finding a passive investing opportunity for your Investment Portfolio that can consistently generate a 50- 65% or more annual ROI for 10-25 years running!
Put your MRI Ancillary Revenue Income to work for you. It can be substantial, ongoing, and easier to implement than you might have thought!
Practicing Orthopedic, Spine, and Neurosurgeons can take advantage of their MRI Imaging Ancillary Income Revenue Stream. It represents income generated by their clinical work and is a strategic income opportunity that can strongly impact their personal and professional income.
Contact us at MRI Consulting Group for more information and take the first step towards securing your financial future.