BREAST IMAGING PROFITABILITY - Aaarad.org
BREAST IMAGING PROFITABILITY - Aaarad.org
BREAST IMAGING PROFITABILITY - Aaarad.org
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<strong>BREAST</strong> <strong>IMAGING</strong><strong>PROFITABILITY</strong>IF YOU ARE LUCKY
• <strong>BREAST</strong> CENTER AT MCW• PROFESSIONAL ACTIVITY ONLY• PROCEDURES••DX MAMMOGRAPHY••SCREENING MAMMOGRAPHY••<strong>BREAST</strong> ULTRASOUND••BIOPSIES AND OTHERINTERVENTIONAL
MCW <strong>BREAST</strong> <strong>IMAGING</strong>STATISTICAL SUMMARYFY 00/01 FY 99/00 FY 98/99 FY 97/98EXAMS 12,162 10,672 9,322 7,960
MCW <strong>BREAST</strong> <strong>IMAGING</strong>STATISTICAL SUMMARYFY 00/01 FY 99/00 FY 98/99 FY 97/98EXAMS 12,162 10,672 9,322 7,960RVU’S 6,788 6,120 5,131 4,515
MCW <strong>BREAST</strong> <strong>IMAGING</strong>STATISTICAL SUMMARYFY 00/01 FY 99/00 FY 98/99 FY 97/98EXAMS 12,162 10,672 9,322 7,960RVU’S 6,788 6,120 5,131 4,515FTE’S 1.7 1.6 1.7 1.3
MCW <strong>BREAST</strong> <strong>IMAGING</strong>STATISTICAL SUMMARYFY 00/01 FY 99/00 FY 98/99 FY 97/98EXAMS 12,162 10,672 9,322 7,960RVU’S 6,788 6,120 5,131 4,515FTE’S 1.7 1.6 1.7 1.3REV/RVU $68 $66 $65 $65
MCW <strong>BREAST</strong> <strong>IMAGING</strong>STATISTICAL SUMMARYFY 00/01 FY 99/00 FY 98/99 FY 97/98EXAMS 12,162 10,672 9,322 7,960RVU’S 6,788 6,120 5,131 4,515FTE’S 1.7 1.6 1.7 1.3REV/RVU $68 $66 $65 $65EXP/RVU $94 $96 $104 $81NET LOSS ($177,000) ($181,000) ($204,000) ($71,000)
MCW <strong>BREAST</strong> <strong>IMAGING</strong>STATISTICAL SUMMARYFY 00/01 FY 99/00 FY 98/99 FY 97/98EXAMS 12,162 10,672 9,322 7,960RVU’S 6,788 6,120 5,131 4,515FTE’S 1.7 1.6 1.7 1.3REV/RVU $68 $66 $65 $65EXP/RVU $94 $96 $104 $81NET LOSS ($177,000) ($181,000) ($204,000) ($71,000)COLL RATE 53.9% 58.2% 58.9% 52.9%
• ANNUAL COST ANALYSIS FOR<strong>BREAST</strong> CENTER• PROFESSIONAL REVENUE MINUSPROFESSIONAL EXPENSE
• PROFESSIONAL REVENUE (cash receipts)••PROVIDED BY MCW CENTRALIZEDBILLING AREA (breast center is aseparate IDX billing area)• LESS DEAN’S TAX• EQUALS NET REVENUE
• PROFESSIONAL EXPENSES••FACULTY SALARY + BONUS(pro rata based on rvu’s)••COLLEGE FRINGES (24% up to$170,000 for 2000/01 – Life/Health/FICA/Disability, etc)••DEPT FRINGES (pro rata of $6k)••DEPT OVERHEAD (14.6% fy 2000/01)••FELLOW SALARY & FRINGES
FY 00/01 FY 99/00REVENUE $ 587,000 $ 518,000TAXES ( 128,000) ( 111,000)NET REVENUE 459,000 407,000FAC SAL & BONUS 396,000 352,000FELL SAL $ F/B’s 53,000 54,000COLLEGE FRINGE 95,000 84,000DEPT FRINGES 11,000 11,000DEPT O/H 81,000 87,000TOTAL EXP 636,000 588,000NET LOSS ($177,000) ($181,000)EXAMS 12,161 10,672RVU’S 6,788 6,120
MCW <strong>BREAST</strong> <strong>IMAGING</strong>FINANCIAL SUMMARYFY 00/01 FY 99/00 FY 98/99 FY 97/98REVENUE $ 459,000 $ 407,000 $ 332,000 $ 294,000(net of tax)EXPENSE 636,000 588,000 536,000 365,000NET LOSS ($177,000) ($181,000) ($204,000) ($71,000)
CAN ANYTHING BE DONEABOUT THE LOSSES?
1. DECREASE COST?• SIGNIFICANT “EXPERIENCE” AT MCW• TAXES?• INCREASE PRODUCTIVITY?
2. INCREASE REVENUE?• FOR FY 00/01 HAVE TO INCREASE CASHCOLLECTIONS 38.6% TO ACHIEVEBREAKEVEN• MEDICARE IS ONLY 17% OF MY TOTALCASH COLLECTIONS
SOLUTION?
MAY THE FORCE BE WITH YOU
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