BREAK - EVEN ANALYSIS OF MRI UNIT IN A TERTIARY CARE ACADEMIC INSTITUTE.
Journal Title: International Journal of Advanced Research (IJAR) - Year 2018, Vol 6, Issue 9
Abstract
Objective: To analyze the costs of MRI scanner in the teaching super- specialty Institute.To evaluate the Break-even analysis and to calculate the break-even point. Rationale: The financial managers of health care organizations are facing problems in managing high end diagnostic equipment in the cost containment. Accurate cost calculations and the profit estimation are mandatory for health managers. Method: The prospective study was conducted in a tertiary care academic Institute, we applied costing method empirically to assess the cost in performing a MRI scan and carried out the Break-Even analysis. Results: The total cost for operating the MRI equipment was Rs.19788186 (US$291184.26), an average of 23 scans were taken in a day. The revenue collection through MRI diagnosis was Rs. 31494441(US$ 463442.45) in the study year. 7967 scans were performed during the year. The revenue obtained through a scan MRI was Rs.3953.11 (US$58.19). The BEP of MRI facility was 7830.7. Conclusion: This methodology is beneficial to health care manager to identify the profit/loss MRI scanner. The results indicate that the MRI unit was working with profit. It was found that the total number of patients are gradually increasing for MRI scan, the MRI scanning unit already reached the break-even point.
Authors and Affiliations
C. Narender Kumar.
Keywords
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- EP ID EP400671
- DOI 10.21474/IJAR01/7659
- Views 46
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