Abstract:Introduction: With the rapid advances in large language models (LLMs), there have been numerous new open source as well as commercial models. While recent publications have explored GPT-4 in its application to extracting information of interest from radiology reports, there has not been a real-world comparison of GPT-4 to different leading open-source models. Materials and Methods: Two different and independent datasets were used. The first dataset consists of 540 chest x-ray reports that were created at the Massachusetts General Hospital between July 2019 and July 2021. The second dataset consists of 500 chest x-ray reports from the ImaGenome dataset. We then compared the commercial models GPT-3.5 Turbo and GPT-4 from OpenAI to the open-source models Mistral-7B, Mixtral-8x7B, Llama2-13B, Llama2-70B, QWEN1.5-72B and CheXbert and CheXpert-labeler in their ability to accurately label the presence of multiple findings in x-ray text reports using different prompting techniques. Results: On the ImaGenome dataset, the best performing open-source model was Llama2-70B with micro F1-scores of 0.972 and 0.970 for zero- and few-shot prompts, respectively. GPT-4 achieved micro F1-scores of 0.975 and 0.984, respectively. On the institutional dataset, the best performing open-source model was QWEN1.5-72B with micro F1-scores of 0.952 and 0.965 for zero- and few-shot prompting, respectively. GPT-4 achieved micro F1-scores of 0.975 and 0.973, respectively. Conclusion: In this paper, we show that while GPT-4 is superior to open-source models in zero-shot report labeling, the implementation of few-shot prompting can bring open-source models on par with GPT-4. This shows that open-source models could be a performant and privacy preserving alternative to GPT-4 for the task of radiology report classification.