David Kent Joslin has built a successful career as a senior advisor and radiology consultant. Throughout his career, David Kent Joslin of Greenwich has partnered with leadership teams to develop competitive strategy, identify growth opportunities and pursue value-additive mergers and acquisitions. As a board member of InSight Radiology Puerto Rico, a multi-site operator of free-standing radiology facilities, David Joslin has first-hand experience in the field of radiology. Because of his involvement in the industry, David Joslin has identified four key trends in radiology.
Friendly Artificial Intelligence in Radiology
Artificial Intelligence (AI) has been part of radiology for a few years now, and in 2020 it will be bigger than ever. According to David Joslin of Greenwich, AI will become more accessible to operate for radiologists in 2020. Although many radiologists feared AI would cost many jobs, this is not the case. AI will integrate with radiology systems to simplify daily tasks and making the radiologist more productive. The radiology field will focus on integrating tools and apps for a seamless workflow.
Thanks to all of the data getting collected nowadays in radiology, it has been possible to have better analytics, according to David Kent Joslin of Greenwich. He also mentions that by taking a deeper dive into radiology analytics, it’s possible to improve efficiency and patient care. Tracking results and patient information give radiologists key ways to improve their work.
Increased Patient Coordination
Patient coordination will see a lot of benefits in radiology thanks to the recent technological developments. Radiologists have taken the new technologies, images, and results to better coordinate patient care, according to David Joslin.
In order to improve patient care, many scientists want to get their hands on patient images. For example, many clinical trials rely on having these images to back up their investigations. Sharing radiology data is key to technological advancements, David Joslin of Greenwich mentions.
Better Patient Experience
The main goal of radiology trends in 2020 is to improve the experience of the patient. For example, some radiology companies want to focus on making more comfortable mammograms. These mammograms will not only offer a better reading, but they will be more comfortable for the patient. Other radiologists are working hard to increase image visibility and reduce patient movement.
David Kent Joslin of Greenwich graduated from Duke University with a B.A. in history and political science before obtaining his MBA in finance and accounting from Columbia Business School. David Joslin works as a successful senior healthcare advisor when he’s not building homes with Habitat for Humanity.
David Kent Joslin of Greenwich has put together multi-million dollar deals for prestigious healthcare companies in his many years in the business. Currently, a senior executive, David Joslin, has succeeded as a radiology consultant. With his team, David Joslin of Greenwich advises companies by identifying and solving issues that inhibit growth. Since there are many new trends in the radiology industry, David Kent Joslin likes to educate others on how to achieve success in radiology.
Did you know you wanted to work in radiology?
“I didn’t think I would be involved in radiology when I started in the industry. My career started in investment banking. As time went on, I worked on more healthcare investments, and I saw the potential in the radiology sector and partnered with a group of angel investors to make investments in the space,” said David Kent Joslin.
Where did you go to school?
“In 1993, I graduated from Duke University with a degree in political science and history. I worked in investment banking for a few years before I decided to go back to school and pursue my MBA. I obtained my MBA from Columbia Business School in New York in 2001,” explained David Joslin of Greenwich.
Where has your career taken you?
“Once I graduated from college, I received an offer to work in Mexico City. At the time, it was the best move for my career since it allowed me to get experience and make valuable business connections. All of the knowledge and connections I made in Mexico City helped me transition to my next opportunity in London. While in London, I worked as a financial analyst for an international investment banking firm. Also, while pursuing my MBA, I accepted an internship in Panama City, Panama,” David Joslin said.
You mentioned you saw the many possibilities in the radiology industry, can you elaborate more on the topic?
“As I mentioned, I saw great potential in radiology that hadn’t been explored yet. During my time working in investment banking, I worked on many healthcare investment transactions. I had the opportunity to serve as a co-founder and as a strategy and operations executive for InSight Radiology, a chain of outpatient radiology facilities in San Juan, Puerto Rico as well as CAD Sciences, a software medical device developer. Each of these experiences made me realize I could make an impact as a radiology consultant,” explained David Kent Joslin of Greenwich.
As a board member of InSight Radiology Puerto Rico, you spend a lot of time there. What does Puerto Rico mean to you, and how can you encourage people to get involved?
“Yes, Puerto Rico is very special to me, and it’s unfortunate what they have gone through. In the past few years, Not only did they get struck by hurricanes Irma and Maria, but they also recently suffered through a 6.4 magnitude earthquake. Those who want to help can do so by sending cash donations. Donating Supplies to relief organizations is also a great place to start,” said David Kent Joslin.
Do you do any nonprofit work?
“Yes, I’ve collaborated with my local Habitat for Humanity Chapter in Sarasota. In the fall of 2019, we were able to build a home for a woman named Collette. In the future, I hope to collaborate with them again,” David Joslin of Greenwich explained.
David Joslin lives in Sarasota with his family, where he enjoys cycling and playing golf.
As a healthcare consultant, David Joslin’s job is to advise companies to develop a competitive strategy, identify growth, and pursue value-additive mergers and acquisitions. Throughout his career, David Joslin of Greenwich has put together multi-million dollar deals for healthcare companies. David Kent Joslin is also the board member of InSight Radiology Puerto Rico, a multi-site operator of free-standing radiology facilities. With so many years of experience in the radiology industry, David Joslin shares tips for radiology students to succeed.
David Kent Joslin of Greenwich points out that students who want to succeed in the healthcare industry need always to be aware of deadlines. To graduate on time and thrive in a radiology career, students need to stay on top of application and submission deadlines.
Careers in Healthcare Require a Lot of Work
Before having a career in radiology, they always dreamed of; students will need to put in a lot of work and long hours. According to David Joslin of Greenwich, students need to sort out their priorities from the beginning. Not only will they need to juggle their personal lives, but they will need to master a set of skills required for any successful radiologist. They will need to learn how to evaluate images and make recommendations, radiation protection, knowledge of the human body, and more.
Master Patient Interactions
In a career as a radiologist, students will have to interact with patients to bring them the best care possible. David Kent Joslin of Greenwich suggests radiology students focus on building their patient interaction skills. They should focus on critical thinking, problem-solving, explaining procedures to patients, and empathetic communication.
With many careers in healthcare, studying to become a radiologist is no different. David Joslin says students who are the most successful are those who take care of themselves. It’s crucial for students to make time during their day to eat well, exercise, and get enough sleep. Students who are struggling to juggle all of their responsibilities should take advantage of the resources offered by their college or university.
Before he obtained an MBA from Columbia University, David Kent Joslin pursued an undergraduate degree at Duke University. He also holds a real estate license in the state of New York. David Joslin of Greenwich has worked and lived in Mexico City, Panama, and London. Since settling in Sarasota with his family, David Joslin loves to spend his free time playing golf and cycling outdoors.
As a senior radiology consultant and after many years of experience in investment banking, David Joslin helped put together multi-million dollar deals for major healthcare companies. He has led a team in their corporate strategy, project development, and financial management tasks. After coordinating many multi-million dollar healthcare M&A deals, David Joslin is familiar with the benefits these mergers have for patients. In 2019, for example, healthcare M&As accounted for transactions that exceed the $11.3 billion. Between 2017 to 2018, healthcare M&As increased by 14.4 percent.
David Joslin explains that the purpose of healthcare M&As is to have a positive impact on the patient. Most healthcare M&As involved small community-based healthcare centers merging with large regional hospitals. According to David Joslin, when these mergers take place is usually to guarantee the survival and growth of the smaller hospitals. Healthcare mergers aim to have a positive impact on employees and the overall business, but patients also see a lot of benefits.
David Joslin mentions that overall, patients see a decrease in out of pocket costs after a healthcare merger. Once the transaction is finalized, healthcare centers and hospitals have more access to capital, which in turn can lower overall costs for patients. The numbers prove that healthcare mergers mean significant financial savings for patients. According to the American Hospital Association, healthcare mergers accounted for a 2.5 percent cost reduction between 2009 and 2014, which saved healthcare centers and patients a total of $5.8 million.
David Joslin points out that although people focus on the cost reduction for patients, another benefit includes better care. For example, if a larger hospital doesn’t acquire a local health center, the people in that community can lose access to care. Small practices see the most benefits since they have the back up and support of large hospitals, which means better care. When a healthcare merger happens, the smaller healthcare facility has access to more services. Thanks to the increase in resources and equipment, patients have access to better care. However, if those mergers don’t happen, local and small healthcare centers can go under, and the community can lose access to healthcare.
David Kent Joslin obtained his MBA in finance and accounting from Columbia Business School and a Bachelor of Arts in history and political science from Duke University. He also holds a real estate license in the state of New York. Aside from his work as a senior executive consultant in radiology, David Kent Joslin is also a board member of InSight Radiology Puerto Rico, a multi-site operator of free-standing radiology facilities. David Joslin currently lives in Sarasota with his family.
After many years in the business, David Joslin has succeeded as a radiology consultant. As a senior executive, David Joslin has put together multi-million dollar deals for relevant healthcare companies. In his roles, he has also driven results in corporate strategy, project development, and financial management. As someone familiar with M&As in the healthcare industry, David Joslin has seen an increase in the trends. For example, from 2017 to 2018, there was an M&A increase of 14.4 percent.
Going into 2020, healthcare M&As have accounted for transactions that exceed $11.3 billion. David Joslin explains that aside from the benefits M&As bring to the organizations, patients also receive a lot of benefits. Most healthcare M&As involved small community-based healthcare centers merging with large regional hospitals. According to David Joslin, when these mergers take place it’s usually to guarantee the survival and growth of the smaller hospitals. Larger hospitals and health care organizations have more access to resources.
After a merger, healthcare centers and hospitals have more access to capital, which in turn can lower overall costs for patients. Those in favor of healthcare mergers argue that these transactions mean lower out-of-pocket costs for patients. According to the American Hospital Association, healthcare mergers accounted for a 2.5 percent cost reduction between 2009 and 2014, which saved healthcare centers and patients a total of $5.8 million. David Joslin explains that the purpose of healthcare M&As is to produce a significant cost reduction for the patients.
When a healthcare merger happens, the smaller healthcare facility has access to more services. Aside from the cost reduction benefits, healthcare mergers also have a positive impact on the quality of the services. For example, if a smaller community health center doesn’t merge with a larger facility, the community could lose access to those services. Small practices have the backup and support of large hospitals, which means better care. Due to the added resources and technology, patients will have better outcomes.
David Kent Joslin obtained his MBA in finance and accounting from Columbia Business School and a Bachelor of Arts in history and political science from Duke University. He also holds a real estate license in the state of New York. David Joslin also has business proficiency in Spanish since he is also a board member of InSight Radiology Puerto Rico, a multi-site operator of free-standing radiology facilities.
Healthcare consultant David Joslin is no stranger to helping Habitat for Humanity. During the fall he helped build a home for the future owner, Collette. On one Saturday, he says “We put up Zonts and Zuckles which support the walls and keep them level when the concrete is poured inside.” Helping Collette obtain a home in Sarasota was a fulfilling experience for him. “It was especially meaningful because she was on-site working alongside us. Her sense of pride and appreciation was profound.” For those who might be interested in volunteering with Habitat for Humanity, David Joslin has a few tips.
Contact a Local Habitat for Humanity Chapter
Although David Joslin lives in Sarasota, he explains that anyone can volunteer and do great work with Habitat for Humanity. Those who are interested in making a difference in their community and helping people should contact their local Habitat for Humanity chapter. Many people who volunteer with this organization don’t have previous construction experience. Each chapter assigns people to a project or task based on their experience and skills. Some chapters have a preservation team and will assign people for tasks such as weatherization, painting, or landscaping. Visiting the website of the local Habitat for Humanity chapter is the first step—this is where you may find information about upcoming projects.
Make a Donation
David Joslin suggests that those who are unable to volunteer and physically help Habitat for Humanity can still help by providing a donation. Many people who don’t live close to a chapter or don’t have the physical ability to help can still contribute to the cause. There are many ways to donate that don’t require monetary donations. Those who have extra supplies such as paintbrushes, ladders, or other building supplies can donate them. Of course, monetary donations are always appreciated. If individuals feel like their contribution is not significant enough, they can always organize a corporate fundraiser.
Organize a Corporate Volunteer Event
According to David Joslin, one way to get involved is by organizing a corporate volunteering event. Those who can get their employees onboard can enjoy a corporate volunteering day giving back to the community. High schools and colleges have also organized similar group events. To get started, they should contact a local Habitat for Humanity chapter and find out more about larger corporate groups. Not only will employees get to work together as a team in a new way, but they will make a difference in people’s lives.
David Joslin works as a successful senior healthcare advisor when he’s not building homes with Habitat for Humanity. David Joslin also sits on the board of InSight Radiology Puerto Rico. Before he obtained an MBA from Columbia University, he pursued an undergraduate degree at Duke University.
As a board member for InSight Radiology Puerto Rico, a multi-site operator of free-standing radiology facilities, David Joslin spends a significant amount of time in Puerto Rico. He has a special connection with the island and the people. Despite the destruction caused by the hurricanes, residents of Puerto Rico have proven to be resilient. This spectacular island is still a great place to visit. David Joslin shares his favorite places and things to do when visiting Puerto Rico.
Visit Old San Juan
Even after Puerto Rico took a hit to Hurricane Maria in 2017, residents of old San Juan did not let this bring them down. Visitors to Puerto Rico will still get to see the colonial charm of Old San Juan. This area of San Juan is mostly known for the colorful houses, cobblestone streets, and an overall colonial feel. To get the most out of Old San Juan, David Joslin recommends visitors book a guided walking tour. A Segway tour on the front end of the day will allow the visitor to get a great overview of the city and allow a later, more in-depth visit to specific sites.
Castillo San Cristobal
According to David Joslin, a visit to Puerto Rico is not complete without seeing up close Castillo San Cristobal. Almost 500 years old, the fort dates back to the Spanish conquest. The fort sits on 27 acres of land, is over six stories high, and is walled on three-sided.
Eat Puerto Rican Food
David Joslin points out you cannot visit Puerto Rico without eating as much traditional food as you can. While in Puerto Rico, visitors must try the famous mashed plantain (mofongo), sweet sticky rice (arroz con dulce), and the world-renowned pork with rice and pigeon peas (lechon con arroz y gándules). Most visitors to Puerto Rico like to sit, and people watch while they drink a cup of cortadito. If you need a cocktail to accompany your food, try any of the excellent rum-based drinks. As a final note, avoid the habit of ordering fries with your meal and instead opt for the fried mashed plantains.
About David Joslin
Aside from sitting on the board of InSight Radiology, David Kent Joslin has worked as the VP of Operations and Development for RadNet, a radiology facility operator. A successful senior advisor and radiology consultant, David Kent Joslin, has put together deals for multi-million dollar companies. David Joslin graduated from Duke University with a B.A. in history and political science before obtaining his MBA in finance and accounting from Columbia Business School. After completing his studies, David Joslin also worked for a variety of healthcare services, management consulting, and software development. When he’s not busy growing his career or volunteering for Habitat for Humanity, David Joslin likes to spend time with his family at their Sarasota, FL home.
As a senior executive consultant in radiology, David Kent Joslin has many years of experience working with various healthcare services, software development, and management consulting. David Kent Joslin is also a board member of InSight Radiology, Puerto Rico, a multi-site operator of free-standing radiology facilities. With his extensive portfolio in the healthcare industry, he explains the healthcare reimbursement process.
Log the Patient Information Necessary to Submit for Payment
According to David Joslin, before they can get paid, medical providers have to log the patient’s information into an electronic health record (EHR). The purpose of the EHR is to document the necessary patient information including, medical history and reason for the visit. Most providers also document how they diagnosed the patient and the treatment plan. It’s necessary that the provider documents all of this information since it’s key to process the reimbursement.
Enter the Appropriate Medical Codes
Every single entry made in the EHR has to have the appropriate medical code. Medical coders or the providers are in charge of assigning medical codes. The use of these medical codes is necessary when trying to obtain reimbursement from payers. David Joslin explains that it’s a lot easier for insurance companies to simply look at the medical code instead of reading through a long medical description. For each service or procedure performed, the provider will be paid based on the services.
Submission of the Claim
David Joslin explains once the services provided to the patient have been properly coded, it’s time to submit the claim. Many providers choose to submit the claim directly to the payer/insurance company, while others first run it through Clearinghouse. According to David Joslin, the purpose of Clearinghouse is to review the claims internally before sending it to providers. If it identifies a mistake, the provider has the opportunity to address it before the payer receives the claim. This cuts back on mistakes and speeds up the reimbursement process. Once the claim is ready to go, the payer will receive the electronic submission.
Wait for the Payer’s Response
Once the payer receives and reviews the invoice, they either pay the full claim, partially pay it, or reject the claim. David Joslin says that providers should also expect a list of remittance advice codes with every rejected claim. On top of providing a code with each rejection, they also provide a brief explanation. The provider needs to take the necessary steps to give the payer what they need in order to process the claim.
Prepare for Audits
Providers should always have all of the documentation necessary in case of an audit. David Joslin explains payers can request an audit at any point to ensure all of the claims are correct. The more organized they are on the front end, the easier the audits will go.
About David Kent Joslin
David Kent Joslin obtained his MBA in finance and accounting from Columbia Business School and a Bachelor of Arts in History and Political Science from Duke University. He also holds a real estate license in the state of New York. When he is not playing a game of golf, he likes to spend time with his family in their Sarasota home.
As a successful senior advisor and radiology consultant, David Kent Joslin has a long successful career in the healthcare industry. For many years, David Joslin has advised companies to help them identify areas that inhibit growth. His role helps healthcare companies develop a competitive strategy and reach success. David Kent Joslin has also worked with a variety of healthcare services, management consulting, and software development. David’s experience with Mergers & Acquisitions healthcare has helped him put together deals for multi-million dollar companies. This is one of the reasons why David Joslin is familiar with the Mergers & Acquisition trends in 2019.
So far, in 2019, healthcare M&As accounted for $11.3 billion in transactional revenue. According to David Joslin, 2018 saw some healthcare M&A trends that carried over into 2019. Small and community-based hospitals and health centers partnered with some of the large regional hospitals. David Joslin explains this move will ensure the survival and growth of the smaller hospitals.
The smaller hospitals were not the only ones merging in 2019. Large and regional healthcare facilities and hospitals participated in mega-mergers to expand their service reach and health coverage. David Joslin also explains that one of the most significant trends includes nonprofit healthcare systems acquiring for-profit health centers and hospitals. By acquiring for-profit hospitals, nonprofits hope to fill service gaps.
Some of the other trends happening in healthcare M&A also have private equity firms accounting for most of the transactions in mega-deals, cross country integrations, and disruptive partnership models. According to David Joslin, the healthcare sectors that have seen the most M&A activity in 2019 include urgent care centers, behavioral health, senior practices, ambulatory surgery, diagnostic imaging, and senior living. For example, David Joslin explains there is a higher need for services that are happening outside of hospitals, which is the reason why urgent care services are a popular sector.
Aside from his work as a senior executive consultant in radiology, David Kent Joslin is also the board member of InSight Radiology Puerto Rico, a multi-site operator of free-standing radiology facilities. David Kent Joslin also has an MBA in finance and accounting from Columbia Business School. Not to mention, he graduated from Duke University with a B.A. in history and political science before obtaining his MBA. He currently resides in Sarasota, FL, with his family. When he is not playing a game of golf, he spends his time building homes with Habitat for Humanity.
Sarasota healthcare consultant, David Joslin, spent all day on September 14th, collaborating with Habitat for Humanity building a home for the future owner, Collette. David said, “We put up zonts and zuckles which support the walls and keep them level when the concrete is poured into their insides.” David Joslin and the team he collaborated with were a few weeks into the project. David Joslin had plans to go back the following Tuesday to continue work on the house.
David Joslin admits this collaboration wouldn’t have been possible without a great organization such as Habitat for Humanity. In the city of Sarasota, Habitat for Humanity is the leading provider of permanent and affordable housing for individuals who qualify. The mission of Habitat for Humanity is to provide income-qualified individuals with the tools and an affordable mortgage to help them improve their living conditions.
Habitat for Humanity wants to facilitate the transition of individuals from tough housing situations to a safe place to live they can call their own. David Joslin and Habitat for Humanity believe improving living situations will help families rise and finally find stability. Staying true to their mission, Habitat for Humanity purchases land to build homes for income-qualified individuals. All of the homes they build have green and sustainable materials, which means the homes meet environmental standards and keep the costs low for homeowners. Habitat for Humanity also provides owners with low rate mortgages, which increases the benefits.
At the end of the fiscal year for 2018, Habitat for Humanity Sarasota had made a difference in the lives of over 22 families. This gave over 34 children a permanent and stable home to grow up. Habitat for Humanity also estimates and increase of 82% from the previous year. David Joslin joined the over 717 volunteers who spent a total of 17,176 hours to make the dream of many families possible. Aside from hundreds of volunteers who donate their time, Habitat for Humanity received over $1.86 million from the over 477 donors.
When he’s not building homes with Habitat for Humanity, David Joslin works as a successful senior healthcare advisor. He advises companies on competitive strategy, growth initiatives and the pursuit of value-additive mergers and acquisitions. He has worked with investment banks and top tier consulting firms in New York, London, Mexico City, and Puerto Rico. David Joslin obtained an MBA from Columbia University and pursued an undergraduate degree at Duke University. David Joslin also sits on the board of InSight Radiology Puerto Rico.