Financing Your PACS Software
In light of today’s economic challenges, healthcare facilities of all sizes and complexities face increasing pressure to improve patient care with fewer resources. It is more critical than ever for your hospital to adopt more efficient workflows and improve your hospital IT and medical imaging infrastructure and core technologies (such as RIS, PACS, CVIS). Consider these advantages:
- Increased cash flow by proactively impacting denials via an integrated RIS/PACS
- Ability to identify trends before they impact the practice with decision support reporting tools
- Accelerated adoption and optimization of PACS through strategic, well-defined and targeted services
PODCAST
PACS in Community Hospitals
Learn how one Community Hospital was able to increase revenue and lower costs with the implementation of a PACS.
Major Cost Savings
Implementing an enterprise-wide RIS/PACS not only offers clinical and operational advantages, it helps your hospital save significant amounts of money and space.
Immediate Productivity Gains
During post-implementation of your medical imaging PACS you will begin to see immediate and dramatic increases in productivity.
Interior Health Authority experienced a dramatic reduction in reading times using their PACS system.
Immediate Return on Investment
PACS offers an instant return on investment – you can now capture all data elements and have them in one place for billing. This means you can obtain revenue you might have previously lost due to incomplete billing information.
Long-Term Return on Investment
In addition to gains in productivity and efficiency, PACS increases hospital referrals by providing a better and easier way for physicians to obtain information to manage their patients' care. Referrals can be a significant source of additional revenue for your hospital.
Frisbie Memorial Hospital in New Hampshire saved $19,000 a month on film costs by switching to a PACS system. Schedule a demo to learn more about how your hospital can save money with PACS.
Reduce Film Costs
Since PACS medical images are digital, the expensive costs of using film are eliminated. Many hospitals are completely filmless in less than five months, and are able to eliminate all film in reading rooms.
Reallocate Resources
Paperless digital imaging means you can reduce or reallocate full time (or equivalent) technicians who no longer need to process, proof and ship film. Some hospitals have eliminated their medical imaging film rooms entirely and converted them to much-needed office space.
In one example, a hospital installed both PACS and a VCT, and watched its vascular referrals increase by $240,000 a month. Referrals may be lost to other hospitals as physicians embrace the newest technologies.
Additional Revenue Opportunities
PACS represents more than a cost savings for your hospital or imaging center. It's also a source of significant revenue. A PACS solution allows you to open up new markets, for example, by installing a new modality, and benefit from the extra revenue you receive from referrals.
Whether you’re replacing your current PACS, switching to an enterprise-wide solution or investigating PACS for the first time, it makes financial sense to partner with a vendor who can provide a dependable, profitable solution for your facility.
Schedule a demo to learn more about working with McKesson, or contact us directly for more information.
