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CC BY-NC-ND 4.0 · Indian J Radiol Imaging 2020; 30(02): 190-194
DOI: 10.4103/ijri.IJRI_54_19
Miscellaneous

Life cycle costing of MRI machine at a tertiary care teaching hospital

Anupam Sahu
Army Medical Corps, New Delhi, India
,
H Vikas
Department of Hospital Administration, AIIMS, New Delhi, India
,
Nishant Sharma
Department of Hospital Administration, AIIMS, New Delhi, India
› Author Affiliations Financial support and sponsorship Nil.
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Abstract

Background: Life cycle costing (LCC) is an excellent decision-making tool that can assist a hospital administrator in seeking more cost-effective decisions to select the best course of action. LCC can be defined as “an economic assessment of competing design alternatives, considering all significant costs of ownership over the economic life of each alternative, expressed in equivalent rupees. Aim: To determine the LCC of magnetic resonance imaging (MRI) machine at a tertiary care teaching hospital. Settings and Design: A descriptive, observational study in MRI scan center of a tertiary care teaching hospital. Materials and Methods: LCC analysis (LCCA) was performed to ensure total cost visibility for the entire life span of the MRI scan equipment, which was assumed to be 10 years. Statistical Analysis: Data were analyzed using MS Excel. Results and Conclusions: The total cost per MRI scan was calculated to be Rs. 2944. It was estimated that the MRI scan center would reach the break-even point by the end of the third year.

Keywords

Break-even point - cost effectiveness - life cycle cost - MRI Centre - MRI costing


Publication History

Received: 02 February 2019

Accepted: 05 March 2020

Article published online:
19 July 2021

© 2020. Indian Radiological Association. This is an open access article published by Thieme under the terms of the Creative Commons Attribution-NonDerivative-NonCommercial-License, permitting copying and reproduction so long as the original work is given appropriate credit. Contents may not be used for commercial purposes, or adapted, remixed, transformed or built upon. (https://creativecommons.org/licenses/by-nc-nd/4.0/).

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