Increasing medical costs are one of the largest trends that people on both sides of the provider/patient divide have to account for. However, where there is adversity, there is opportunity, and medical imaging centers are one of the key examples of this. A medical imaging center is a business that provides medical imaging (MRIs, X-rays, etc) at a more cost-effective rate than hospitals or traditional providers of these services. However, in fairness, there is a fair share of issues with running or managing this as a business as well.
Perhaps the first problem, especially in the early stage of a medical imaging center’s business, is the initial cost barriers involved. There are a variety of ways to navigate this issue, though. For example, some medical imaging centers opt to lease some of their equipment rather than buy it outright. While it may cost more in the end, this makes the initial entry cost more manageable. Other centers try to enter partnerships in order to spread this burden.
An equally concerning issue that medical imaging centers have to deal with is outside regulation from the government. For example, certain states require certificates of need (CONs) to provide given modalities at a medical imaging center. These CONs can be extremely time-consuming to obtain, and in some states, there’s an oversaturation on certain modalities, like mammograms or MRIs. This makes it almost impossible to get a CON, limiting your revenue potential.
In order to implement the latest technology and top expertise into your medical imaging center, or other business, it’s essential that you partner with the top medical imaging companies. JPI Healthcare Solutions is the perfect example. By introducing new healthcare technology, we work to be the most reliable partner possible for medical imaging solution providers. Be sure to reach out to us today.