Mri Notes

Only available on StudyMode
  • Download(s) : 99
  • Published : March 20, 2013
Open Document
Text Preview

Bringing MRI to Your Community Hospital
A Community Hospital White Paper
04-201-XO-491_Bringing_MR5.qxd 12/10/04 10:05 AM Page 1
Bringing MRI to Your
Community Hospital
CONTENTS
Introduction
.............................................................................................. 1 Making the Business Case
..........................................................................2 The Business Plan ..........................................................................................2 Reasons for Bringing MRI to your Hospital......................................................2 Financial Considerations ................................................................................3 Selecting the Equipment

............................................................................8 Comparing Te
chnologies
................................................................................8 Equipment Features
....................................................................................10 Search Process ............................................................................................11 Managing the MRI Program

....................................................................12 Operations ..................................................................................................12 Staffing........................................................................................................12 Siting ..........................................................................................................13 Marketing the Program ................................................................................14 Conclusion

................................................................................................15 04-201-XO-491_Bringing_MR5.qxd 12/10/04 10:05 AM Page 3
Bringing MRI to Your
Community Hospital
1
INTRODUCTION
MRI is one of today’s fastest growing imaging modalities, spurred in part by rapid advances in technology and important new applications in patient care. Recent statistics also suggest that expanding Medicare reimbursements and the growing demands of an informed and aging population for healthcare services are elevating MRI utilization to new levels.

Is your community hospital considering adding this expanding and often lucrative modality?
This paper will help you answer that question. It looks at the business and financial aspects of an MRI program, reviews MRI technologies and features, and discusses management of an MRI program. Overall, it shows how implementing an MRI program will enhance existing medical services and better meet community needs. 04-201-XO-491_Bringing_MR5.qxd 12/10/04 10:05 AM Page 1

Bringing MRI to Your
Community Hospital
5
Profitability
Performing a number of standard financial analyses will help determine the potential profitability of your proposed MRI program. Generally, the financial analyses should cover the first five years of your program.

The standard financial analyses are:
Breakeven analysis.
A breakeven analysis will show how many examinations must be performed to cover MRI program costs. The specific breakeven point is calculated by dividing the fixed costs (such as equipment, space, personnel, maintenance, and utilities) by the payment per exam minus the variable costs (such as supplies, fees, and billing costs) per exam. It may turn out that your breakeven point is 1,000 exams, but your market analysis indicates demand for only 700 exams. In this case, you may want to analyze growth trends to determine when or whether your MRI program could break even in the future. You may also want to look at restructuring your proposed program to make it financially feasible.

Return on investment (ROI).
ROI is one of the most common measures of profitability
and can indicate whether spending money on an MRI program is a good use of your hospital’s resources. It is calculated by dividing net income by the...
tracking img