SUBSCRIBE TO OUR BLOGProfitability and the Mobile Nuclear Imaging Van
You can increase profitability of your fixed conventional Nuclear Imaging Clinic by conducting an ongoing profitability analysis, managing service to your patients, cultivate your staff culture for efficiency, cleanliness, courteousness, punctuality and competency.
You can add a Mobile Nuclear Imaging Van to supplement your services to patients who are not within your geographical region and increase your circle of influence bringing patients to your facility for further work-up increasing revenues. You can also add more than one such mobile van as they are less expensive than the fixed clinic. The synergy of the fixed clinic in conjunction with one or more mobile clinics will supplement income and profitability several folds.
Investing in refurbished mobile van with used or refurbished Nuclear Imaging System & used Gamma Camera can keep your fixed cost down and increase profitability.
Some very large hospitals have multiple mobile nuclear imaging coaches that serve other smaller remote hospitals.
In some cases, we can convert your existing mobile medical van to the Nuclear Imaging van to save on your fixed cost.
Profitability is an essential part of financial analysis. It requires analysis of capital investment, the performance of the company and the efforts employed to achieve resulting profitability. Relative measure of profit analysis is essential.
- Relative measure of profit analysis is essential: For instance, an investor investing in your mobile nuclear imaging venture would need a sound measure of how good an investment is compared to another one. The concept of internal rate of return (IRR) is such a measure.
- One of the factors of profitability is cost because it impacts profit directly. Good understanding of cost can allow you to control cost to increase profitability.
- Profitability from one mobile nuclear imaging van may be an objective measure and can be applied to the second and third van producing a combined affect greater than the sum of their separate affects. This is called relative profitability (Synergy).
- Major factors of profitability analysis are listed below.
-The internal rate of return (IRR) compares profitability of different mobile nuclear imaging vans and your fixed conventional clinic in your business.
-Analysis of fixed and variable costs
-Break even analysis
-Opportunity costs involve relative project (number of mobile vans you want or own) comparison with competitors.
-Various measure of profitability Cash flow patterns and uncertainty.
*Simplilearn.com. Chandana content writer MA in English literature from Gauhati University a Prince 2 Foundation certified.
The major cost factors for Mobile Nuclear Imaging Vans are the fixed cost of the mobile van, the medical equipment, medical equipment service, preventative maintenance for the coach, as well as the cost of the technologist who normally will drive the truck thus minimizing labor costs.
To keep the cost down, consider refurbished mobile vans available at almost half the cost of new units.
Phillips Forte Dual head Nuclear Gamma Camera is designed for (SPECT) single proton emission computed technology, and planar imaging. It can provide as many as fifteen different image sets using physician specified protocols. The camera’s unique open design accommodates patients on gurneys, in hospital beds, in wheel chairs and even mobile nuclear imaging vans.
Strategies for profitability at the micro level management:
- Your staff, service, quality, finance and growth are the contributing factors to profitability. Your routine staff meetings agenda should have the specific topics of discussion listed under each of the five factors.
- You need to differentiate your operations from your competition. Quality is a key driver with your insurance companies and also makes your operation efficient.
- Timeliness is crucial for profitability and your patients who wants to have the service done in a timely manner.
- Develop an office staff culture that is courteous, welcoming and punctual. First impressions of the patients are the last and that impression is based on cleanliness of the facility and competence of the staff. Rudeness will lose the patient and the profitability.
- Keep patient comment cards visible, also mail it with invoice. Email patients to fill out online survey. Review each survey and comments in the staff meetings for resolution. Your profitability depends on it.
- Make safety a priority for employees and patients. Have frequent staff meetings and discussions. Listen to patients.
- Encourage an entrepreneurial skill for your staff and make them feel more than just a job. Keep your staff meetings open for employee inputs and review grievances or suggestions. Your patients do not want to see new employees every 6 to 12 months. Training staff and retention add to profitability.
Recently we elected to rent a private house instead of a conventional hotel room while on our vacation. The house was beautiful, if we wanted to buy it, but they did not have the acceptable hotel type services they claimed to offer, such as breakfast, cleaning service, the usual towels. The owner did not plan and manage the services to convert this beautiful house to a hotel for rental. Obviously, we will never consider this house for rental nor we will recommend it.
The same applies to your fixed nuclear clinic or mobile nuclear van. The building structure and mobile van in conjunction with the services will make your business more profitable.
You can supplement your income by adding a mobile nuclear van to your existing fixed nuclear clinic to become more profitable by benefitting from the synergy of both the fixed and mobile nuclear imaging services.
Email your inquiry for the Mobile Nuclear Imaging Vans including quotes at Kbconsultants1958@gmail.com, also feel free to contact us directly at 586 917 0245.
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