Here is the synopsis of our sample research paper on Adding MRI to the Orthopedic Practice. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
An 8 page paper examining the feasibility of adding a magnetic resonance imaging (MRI) machine to an established orthopedic surgery practice. Analysis of net present value based on a useful life of five years is strongly positive financially and MRI capability will improve the quality of care for patients. The paper concludes that the opportunity appears to hold strong promise for the practice. It should be considered as an opportunity to significantly increase the quality of patient care and total revenues. Bibliography lists 8 sources.
Page Count:
8 pages (~225 words per page)
File: CC6_KSacctMRIpurNPV.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
The established orthopedic surgery practice seeks to expand the existing practice in a manner that will support the existing medical staff while also providing additional revenue for the organization.
The opportunity to be examined here is the addition of a Magnetic Resonance Imaging (MRI) machine for the exclusive use of the practice. Significance
MRI has become a routine and respected diagnostic tool over the years, and though insurer payment for MRI examination was uncommon in the past, today it is an accepted
and routine charge that insurers accept without question. MRI is being used so much today that industry analysts expect the MRI equipment industry to reach $4 billion by the
end of the current decade (Report: MRI a $4 billion industry by 2010, 2006). Organizational structures that would be affected by the addition
of MRI capabilities include the medical staff and administrative staff. In administration, those affected would include those scheduling patients; billing; and medical records. Each area would experience heavier
workloads, and records transcriptionists would be obliged to learn the vocabulary associated with radiologist review of images. Environmental Factors Health care is notorious
for its lack of market-changing competition (Porter and Teisberg, 2004), but competition exists nonetheless, if only indirectly. MRI availability in the physicians office provides a service for patients, and
also contributes to doctors ability to accurately diagnose and treat patients complaints. This in turn should increase the quality of care that patients receive, positively contributing to the practices
reputation within the local community. It will increase total billing without increasing the time that physicians spend with patients, and though adding MRI capabilities is expensive, potential revenues far
...