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Imaging and the economic crisis: Part 1 -- Sudden impact
Colleagues,
As reported in Aunt Minnie ... Healthcare's economic meltdown is particularly bad in medical imaging, which was already suffering from two years of lower reimbursement due to the Deficit Reduction Act of 2005 when the crisis hit ... AuntMinnie.com tapped several manufacturers and industry observers for their insights about financial strategies and capital equipment acquisition outlook amid a severe economic downturn, and with healthcare reform squarely on Washington's mind.
"Credit is tighter right now," noted Joe Robinson, senior vice president of imaging systems, North America for Philips Healthcare of Andover, MA. ... John Sandstrom, Ph.D., senior vice president of healthcare at Siemens Financial Services, cited the AHA and Healthcare Financial Management Association (HFMA) surveys of hospital chief financial officers that revealed approximately two-thirds of respondents suggested that they were delaying or canceling capital projects ... healthcare organizations that "are not immune from the effects of the current recession and credit crisis," according to James Ambrose, president of the equipment finance unit at GE Healthcare Financial Services
... "hospitals will grant funding priority to required renovations, revenue-producing products and services, and anything with guaranteed cost savings, noted Irwin Baker, president at RPM Healthcare Strategies of Glen Head, NY... Creative financing solutions from suppliers are being sought, and leasing, cost-per-procedure, and cost-per-test options are more attractive now with a tight money supply."
Read on at: http://www.auntminnie.com/index.asp?Sec=sup&Sub=imc&Pag=dis...
ENJOY!
CC
As reported in Aunt Minnie ... Healthcare's economic meltdown is particularly bad in medical imaging, which was already suffering from two years of lower reimbursement due to the Deficit Reduction Act of 2005 when the crisis hit ... AuntMinnie.com tapped several manufacturers and industry observers for their insights about financial strategies and capital equipment acquisition outlook amid a severe economic downturn, and with healthcare reform squarely on Washington's mind.
"Credit is tighter right now," noted Joe Robinson, senior vice president of imaging systems, North America for Philips Healthcare of Andover, MA. ... John Sandstrom, Ph.D., senior vice president of healthcare at Siemens Financial Services, cited the AHA and Healthcare Financial Management Association (HFMA) surveys of hospital chief financial officers that revealed approximately two-thirds of respondents suggested that they were delaying or canceling capital projects ... healthcare organizations that "are not immune from the effects of the current recession and credit crisis," according to James Ambrose, president of the equipment finance unit at GE Healthcare Financial Services
... "hospitals will grant funding priority to required renovations, revenue-producing products and services, and anything with guaranteed cost savings, noted Irwin Baker, president at RPM Healthcare Strategies of Glen Head, NY... Creative financing solutions from suppliers are being sought, and leasing, cost-per-procedure, and cost-per-test options are more attractive now with a tight money supply."
Read on at: http://www.auntminnie.com/index.asp?Sec=sup&Sub=imc&Pag=dis...
ENJOY!
CC
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