PACS Business Case Study: Budget Term Paper

Length: 9 pages Sources: 10 Subject: Business - Management Type: Term Paper Paper: #23855813 Related Topics: Nuclear Medicine, Radiology, Adoption, Budget Management
Excerpt from Term Paper :



Estimates of cost savings from the reduction in film costs as well as through reduced work hours needed for the creation of images and the reading of images by physicians will lead to an average annual cost savings of between five hundred- and seven hundred and fifty-thousand dollars a year, leading to an overall cost benefit of one hundred- to three hundred and fifty-thousand dollars a year compared to traditional film production techniques (Hoffman 2008; Rath 2010). A ten percent reduction in costs could be achieved through increasing the competitiveness of a the bidding process amongst companies that produce the technologies necessary for a successful PACS, as well as through reducing the time and personnel involved in training programs. This latter is not especially advisable, however, as indirect costs will likely be created though reductions in the efficacy of the adoption and a reduced improvement in treatment efficiencies and speeds (Kalyanpur et al. 2010). At these rates, breakeven points typically occur within a decade of adoption, with immediate benefits to cash flow apparent for most institutions (Hoffman 2008).

Risks

Given the degree to which these technologies have been vetted and supported in the literature, the risks of PACS adoption are minimal. There is some possibility of decreased cost benefit and prolonged breakeven periods due to unforeseen costs, and there are also risks associated with the safety and reliability of digital storage systems for medical images (Cannavo 2005; Kalyanpur et al. 2010). The management of initial costs and providing the necessary for funds for system maintenance and archival processes will mitigate these risks to a large degree, however.

Service Management

The governance of this project will fall primarily to the administrative and medical heads of the radiology and/or imaging department(s) at the identified medical institution, as it in is this/these departments that the changes will be implemented. Staff physicians and other personnel that utilize medical imaging equipment will need to be apprised of the changes, though the actual job functions for many individuals will not be impacted. Equipment procurement will be handled by appropriate administrative staff under the guidance of lead physicians/medical department head(s), and IT staff will be brought in to ensure compliance with existing technological standards. These standards are primarily important to ensure compatibility with other institution equipment and with the equipment and software that exists in other offices and institutions to ensure portability and communicability.

Though there are many complexities that will result out of the transition from traditional film-production imaging and reading techniques to the utilization of a PACS, the steps necessary to achieve this transition are actually few and relatively straightforward. Purchasing and installing the equipment, while dismantling and disposing of obsolete film-based equipment, is the initial step in this transition process; training is really the only other step that needs to occur prior to completing the transition...

...

The ease of use of this technology once basic steps are mastered will allow for a very quick increase in the efficiency of use, leading to practical benefits from the transition almost immediately.

Change Management

Despite the relative ease of this transition, there will of course need to be some explicit measures for change management put into place in order to ensure that there is no interruption in the provision of medial services in the medical institution. Personnel training can take place concurrent and even prior to the purchasing and acquisition of equipment, limiting the practical difficulties that can arise for physicians and technicians and increasing the positive aspects of the user experience (Kalyanpur et al. 2010; Tan & Lewis 2010). Department heads will manage the transition of operations from the traditional mode of image processing and reading to the use of the new technologies, while administrative staff and IT personnel will handle the practicalities of actually obtaining and installing the necessary equipment and software and ensuring compatibility with other institutional equipment and processes.

Conclusion

PACSs require a significant amount of upfront expenditure, though these costs are in no way prohibitive to most medical institutions of medium size or larger. The cost benefits that they provide over the long-term lead to a breakeven point between five and ten years after initial adoption of the technology, however, and continued savings on a significant basis beyond this point. The benefits of added clarity and hugely increased efficiency and portability of the images produced are also major assets of this technology, and represent indirect cost advantages as well.

References

Cannavo, M. (2005). "The new PACS puzzle: Cost and technological change." Imagining economics (July). Accessed 20 October 2010. http://www.imagingeconomics.com/issues/articles/2005-07_04.asp

D'Asseler, Y.; Koole, M.; Van Laere, K.; Vandenberghe, S.; Bouwens, L.; Van de Walle, R.; Van de Wiele, C.; Lemahieu, I. & Cierckx, R. (2000). "PACS and multimodality in medical imaging." Technology and health care 8(1), pp. 35-52.

Jackson, P. & Langlois, S. (2005). "Introduction of picture archiving and communication system at The Townsville Hospital." Australasian radiology 49(4), pp. 278-82.

Kalyanpur, A.; Singh, J. & Bedi, R. (2010). "Practical issues in picture archiving and communication system and networking." The Indian journal of radiology & imaging 20(1), pp. 2-5.

Hoffman, T. (2008). "Beyond Film." Computerworld 42(19), pp. 32.

Maydell, A.; Andronikou, S.; Ackermann, C. & Beuidenhout, A. (2009). "Comparison of paper print and soft copy reading in plain paediatric radiographs." Journal of medical imaging and radiation oncology 53(5), pp. 459-66.

Rath, P. (2010). "The cost effectiveness of implementing picture archiving and communication systems (PACS) in the operating room." Current orthopaedic practice 21(1), pp. 89-93.

Shakeshaft, J. (2010). "Picture Archiving and Communications System in Radiotherapy." Clinical oncology 22(8), pp. 681-7.

Slomka, P. & Baum,…

Sources Used in Documents:

References

Cannavo, M. (2005). "The new PACS puzzle: Cost and technological change." Imagining economics (July). Accessed 20 October 2010. http://www.imagingeconomics.com/issues/articles/2005-07_04.asp

D'Asseler, Y.; Koole, M.; Van Laere, K.; Vandenberghe, S.; Bouwens, L.; Van de Walle, R.; Van de Wiele, C.; Lemahieu, I. & Cierckx, R. (2000). "PACS and multimodality in medical imaging." Technology and health care 8(1), pp. 35-52.

Jackson, P. & Langlois, S. (2005). "Introduction of picture archiving and communication system at The Townsville Hospital." Australasian radiology 49(4), pp. 278-82.

Kalyanpur, A.; Singh, J. & Bedi, R. (2010). "Practical issues in picture archiving and communication system and networking." The Indian journal of radiology & imaging 20(1), pp. 2-5.


Cite this Document:

"PACS Business Case Study Budget" (2010, October 21) Retrieved November 28, 2021, from
https://www.paperdue.com/essay/pacs-business-case-study-budget-7552

"PACS Business Case Study Budget" 21 October 2010. Web.28 November. 2021. <
https://www.paperdue.com/essay/pacs-business-case-study-budget-7552>

"PACS Business Case Study Budget", 21 October 2010, Accessed.28 November. 2021,
https://www.paperdue.com/essay/pacs-business-case-study-budget-7552

Related Documents
Science Business Plan Entry Science
Words: 1160 Length: 4 Pages Topic: Health - Nursing Paper #: 12129535

Most recently he held the position of Vice President of Marketing and Product Management at Whopper Systems, a developer of PACS medical imaging and information management software. John defined the product portfolio and roadmap, managed strategic partnerships and was instrumental in the company's growth and eventual acquisition by Eastman Kodak Health Imaging. John holds a B.Sc in General Science (Physics) from Tel-Aviv University and is currently in his second

Campaigns and Super PACs
Words: 985 Length: 2 Pages Topic: Political Science / Politics Paper #: 44160299

.....political ads changed over the last 60 years? Please use examples from the 1960's, 1980's and 2000's to support your answer. In the beginning when TV was first used in the United States by the public, political ads were scarce. In the 1940's and even through into the 1960's presidential candidates reached out to meet voters, shaking hands and holding town-hall debates. (Suggett) It was a commitment to vie for presidency.

Agency Theory and the Limitations of Representative Government
Words: 3159 Length: 11 Pages Topic: Government Paper #: 26643855

The Political Nature of the Federal Budget Process Introduction The federal budget process is overseen by US Congressmen, who are fundamentally immersed in the political nature of government. As Elwood (2008) notes, members of Congress are influenced in three ways: 1) by money that is used to finance their political campaigns; 2) by obtaining the votes necessary for reelection; and 3) by obtaining expert advice on topics that are of personal importance

Political Science Government in Canada
Words: 3059 Length: 9 Pages Topic: Government Paper #: 10763007

" The bill then goes on a calendar, so it can be debated, discussed, or amended. The bill then goes to the floor of the house where it is read, discussed, and voted on. If it passes by a two-thirds margin, it goes on to the Senate, where it goes through the same process. If it makes it this far, it is "enrolled," signed by the Speaker of the House

Direct to Consumer Advertising History of Drug
Words: 16271 Length: 59 Pages Topic: Business - Advertising Paper #: 71118969

Direct to Consumer Advertising HISTORY OF DRUG ADVERTISING THE DTC ADVERTISING PHENOMENON CREATING DEMAND DECEPTIVE ADVERTISING - A WOLF IN SHEEP'S CLOTHING CAUSE OF DEATH PROFIT UTILIZATION, PRICING, AND DEMOGRAPHICS LEGISLATION, POLITICS AND PATENTS LEGISLATIVE INITIATIVES REGARDING DTC RECALLED and/or DEADLY DRUGS In order to provide the most efficient method of evaluation, the study will utilize existing stores of qualitative and quantitative data from reliable sources, such as U.S. Government statistical references, University studies, and the studies and publications of non-profit

Grand Hospital Telemedicine
Words: 1223 Length: 4 Pages Topic: Healthcare Paper #: 60256169

Telemedicine Solution Located in a rural region of the Midwestern United States, Grand Hospital is a relatively small yet well-staffed medical center comprised of 209 beds, serving a diverse geographic community. Grand Hospital is a community non-for-profit that offers a broad range of services, ranging from inpatient and outpatient services, employing approximately 1,600 individuals with the majority being full-time employees (1,250 employees) and 225 practitioners. Grand Hospital runs on an