Estimating the profitability of converting from analog to digital allows you to evaluate the best solution
With reimbursement changes pushing for a change from traditional x-ray to digital imaging —as well as technology creating swift industry change—there is pressure to upgrade analog x-ray equipment. Maybe you’ve been putting off making the investment to convert to digital, or maybe now is the time. Every good business leader knows that a decision needs to be well planned out with sound business strategies and a good sense of the resulting return on investment.
What if we could show you a quantifiable strategic plan that eliminates the guesswork by demonstrating how a smart digital conversion can have a positive impact on your bottom line?
Analyzing the feasibility
Here’s how we helped eliminate the guesswork for two of our customers:
- We partnered with a small community hospital in the northeast with <200 beds to analyze whether conversion from analog to digital radiography made good financial sense in light of the reductions in reimbursement as a result of the Medicare and Medicaid Provisions in federal bill HR2029. Data indicated that conversion would be highly economical and the investment received approval.
- We partnered with a larger community hospital in a sophisticated urban center with >200 beds to analyze the impact of conversion from traditional x-ray to digital technology. Due to the type of patient population, data indicated that conversion would not be a sufficiently economical strategy and the proposal was tabled.
Our expertise, resources, and tools can help you make your plan and be confident that you’ve determined the value of the new system in terms of profit and payback. This is exactly the kind of analysis that helps to demonstrate the value radiology can bring in support of your organization’s strategic plans.