This new BFMV study analyzes data from ten radiology groups representing more than 170 radiologists nationwide. The report provides normalized operating expense metrics that offer clear, comparative insight into the financial structure of radiology practices.

Operating expenses are evaluated as a percentage of both patient collections and total practice revenue, enabling consistent, apples‑to‑apples comparisons across the industry. Expense data were collected across a comprehensive set of categories, including:

• Total Employed Physician Compensation

• Total Physician Benefit Expense

• Total Contracted Physician Compensation

• Total Advanced Practice Provider Compensation

• Total Advanced Practice Provider Benefit Cost

• General Administrative

• Accounting and Legal

• Information Technology

• Building, Occupancy, and Depreciation

• Furniture, Equipment, and Depreciation

• Professional Liability Insurance

• Other Insurance Premiums

• Outside Professional Fees

• Promotion And Marketing

• Billing, Collection, and MSO Purchased Services

• Miscellaneous Operating Expense