| Finance for practicing radiologists. | |
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MedLine Citation:
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PMID: 17411808 Owner: NLM Status: MEDLINE |
Abstract/OtherAbstract:
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This article reviews basic finance for radiologists. Using the example of a hypothetical outpatient computed tomography center, readers are introduced to the concept of net present value. This concept refers to the current real value of anticipated income in the future, realizing that revenue in the future has less value than it does today. Positive net present value projects add wealth to a practice and should be pursued. The article details how costs and revenues for a hypothetical outpatient computed tomography center are determined and elucidates the difference between fixed costs and variable costs. The article provides readers with the steps used to calculate the break-even volume for an outpatient computed tomography center given situation-specific assumptions regarding staff, equipment lease rates, rent, and third-party payer mix. |
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Authors:
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Jonathan W Berlin; Frank James Lexa |
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Publication Detail:
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Type: Journal Article |
Journal Detail:
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Title: Journal of the American College of Radiology : JACR Volume: 2 ISSN: 1558-349X ISO Abbreviation: J Am Coll Radiol Publication Date: 2005 Mar |
Date Detail:
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Created Date: 2007-04-06 Completed Date: 2007-09-14 Revised Date: - |
Medline Journal Info:
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Nlm Unique ID: 101190326 Medline TA: J Am Coll Radiol Country: United States |
Other Details:
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Languages: eng Pagination: 254-61 Citation Subset: IM |
Affiliation:
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Evanston Northwestern Healthcare, Northwestern University Feinberg School of Medicine, Department of Diagnostic Radiology, Evanston, Illinois 60201, USA. jonathanberlin@yahoo.com |
Export Citation:
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| MeSH Terms | |
Descriptor/Qualifier:
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Ambulatory Care Facilities
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economics* Costs and Cost Analysis Financial Management* Humans Income Marketing Radiology / economics* Tomography, X-Ray Computed / economics* United States |
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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