A Post-COVID Radiologist Job Market, and What You Should Know
The 2021 radiologist job market finds radiologists at the mercy of those who would hire them. The imbalance has a lot to do with a certain public...
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5 min read
Benjamin W. Strong, MD
:
August 11, 2021
One of the first questions any radiologist asks our recruiters is about salary. It's an important question. Usually radiologists want to know how their salary compares. But is that really just a case of numbers? In my experience, a simple change in numerals on a paycheck is rarely the reason radiologists start looking elsewhere. If you're starting to check around for options, then now is a great time to take stock and ask yourself the following:
As we all know, no two comp models are the same, and each can impact your potential earnings. Take a closer look at your compensation model. Are you paid a salary with incentive payments for productivity? Do you work on a tiered framework tying your salary to minimum reading requirements?
If you’re working within one of those models, you may find numerous negative influences are causing you to answer No to one, two or all three of the questions above.
Specific compensation pain points vary by practice as well as radiologist, but I’ve found 10 that seem to come up repeatedly. Do any of these common frustrations resonate with you?
All of this adds up to one thing. Your practice has control of your compensation. Not you.
Does it surprise you how little control you have over how much you work and how much you make? That lack of say-so over your own life can have a damaging effect on your psyche as well as your physical health and your personal life.
And your pay? I’ll bet you have days when you just want to throw up your hands and cry to the heavens: It’s just not worth it!
What is a productivity model in radiology? Simple. Get paid for what you read. But here’s the rub. I don’t know of any practice in the U.S. that fully lives by it, with one exception.
If you guessed the one exception is vRad, you’re right on the money.
A whole lot of data and analysis goes into making our pure productivity model work. We’re happy to tell you about it if you’re interested. For now, suffice it to say that the way we pay our radiologists is totally transparent. You know what you make per work unit, you read from a worklist that’s basically bottomless and is always prioritized based on patient need, you sign out when your shift is over, and you get paid. Seriously.
Not surprisingly, the very first question posed by a lot of radiologists kicking our tires is: How much does a vRad radiologist make?
We'll get to that. But first, let’s take a little closer look at our productivity model. After all, it’s got everything to do with radiologist compensation.
I mentioned transparency. Another unique and powerful aspect of a productivity model is it puts you in total control. Which means you can balance the lifestyle you want with the salary you want to earn.
By design, not only do we have no minimum reading rate but also no maximum. This allows you to read at your preferred pace without any risk to contracted obligation. Plus, at vRad:
That depends on a lot of factors. A lot.
How much do you want to read? What shifts would you like to work? Part-time or full-time? Do you like jumping in on extra shifts (for extra pay)? No two of our rads are the same because each one practices the way he or she wants to practice.
A prime benefit of working in a model like ours is that you take control of your earnings in step with how you want to live your life.
And so, I ask: Are you satisfied with the level of control you have over how much you make and how hard you have to work to make it?
If your answer is no, why not reach out to vRad? Let one of our experienced radiologist recruiters help you explore what working at vRad would look like for you.
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