Pet/Ct vs Ct Purchase
PET/CT vs. CT Purchase
Christine Parks
BUS: 640 Managerial Economics
Scott Shaw
December 17, 2012
Abstract In my previous position I worked as the Administrator for a well-established outpatient diagnostic imaging facility. As the Administrator I was faced with having to make various decisions that utilized economics on a daily basis. The decisions that I would have to make would range from very simple to very complex purchases. Regardless of the amount of the purchase the same economic considerations were utilized prior to any purchases.
Introduction In my previous position as Administrator for an outpatient imaging facility I was faced with various daily decision making tasks that would range from something as simple as a supply order that would cost the company a few hundred dollars, to the decision of final equipment purchases that could cost over a million dollars. One particular instance that I was faced with was to utilize additional space within the facility for a different imaging modality. The decision at the time was not completely left up to me, but was my responsibility to present which modality I thought would benefit the company and our patients the most, and how the best options to move forward with overseeing this project. The facility offered various imaging services such as a positional stand up MRI, nuclear imaging, ultrasounds, and high quality x-rays. The new project was to fill the additional imaging room with a service based on my analysis. The options that I had were to bring in a new device to see a different set of patients, or to accommodate the high demand of MRI’s our facility saw each day and purchase another MRI machine to enable the business to complete twice as many MRI exams. Over the course of three months I conducted various studies within the market to come to a final conclusion of the type of modality to purchase. The best option would be to be able to offer CT scans, and ultimately purchase a
Christine Parks
BUS: 640 Managerial Economics
Scott Shaw
December 17, 2012
Abstract In my previous position I worked as the Administrator for a well-established outpatient diagnostic imaging facility. As the Administrator I was faced with having to make various decisions that utilized economics on a daily basis. The decisions that I would have to make would range from very simple to very complex purchases. Regardless of the amount of the purchase the same economic considerations were utilized prior to any purchases.
Introduction In my previous position as Administrator for an outpatient imaging facility I was faced with various daily decision making tasks that would range from something as simple as a supply order that would cost the company a few hundred dollars, to the decision of final equipment purchases that could cost over a million dollars. One particular instance that I was faced with was to utilize additional space within the facility for a different imaging modality. The decision at the time was not completely left up to me, but was my responsibility to present which modality I thought would benefit the company and our patients the most, and how the best options to move forward with overseeing this project. The facility offered various imaging services such as a positional stand up MRI, nuclear imaging, ultrasounds, and high quality x-rays. The new project was to fill the additional imaging room with a service based on my analysis. The options that I had were to bring in a new device to see a different set of patients, or to accommodate the high demand of MRI’s our facility saw each day and purchase another MRI machine to enable the business to complete twice as many MRI exams. Over the course of three months I conducted various studies within the market to come to a final conclusion of the type of modality to purchase. The best option would be to be able to offer CT scans, and ultimately purchase a
References: Thomas, C. & Maurice, C. (2011) Managerial Economics-Foundations of Business Analysis and Strategy.(10th ed.) New York: Irwin/McGraw-Hill.