Valuing Medical Equipment

Establishing the Fair Market Value (FMV) of heavy medical equipment is a multi-layered process. Linear accelerators accrue many costs when adding up the various parts. To better understand how to form a proper valuation, keep reading to become familiar with commonly used appraisal terms.

Fair Market Value (FMV)
Also known as “retail” value, FMV is the price a buyer should anticipate paying to have the device relocated and installed at their location. Software relicensing, commissioning, and accessories required to operate the equipment are all extra fees.

Orderly Liquidation Value (OLV)
Sometimes referred to as “wholesale” value, OLV is the price a buyer can expect when selling an “as-is, where-is” product.

In Place Value (IPV)
Another name for IPV is “turn-key” or patient-ready value. It takes into account the values associated with the machine, including the cost of installation, commissioning, software licensing, regulation, accessories, and residual warranty coverage.

Some factors that impact the medical equipment’s valuation include:

  • Age
  • Configuration
  • Physical condition
  • Useful life left
  • Software version
  • Functionality
  • Removal path
  • Resale market demand
  • Wear and tear
  • Geography

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RadParts, a TTG Imaging Solutions Company, is the world’s largest independent distributor of OEM replacement parts. We specialize in low-cost parts for repairing linear accelerators and radiation equipment. Our mission is to provide high-quality, user-friendly, low-cost components and support for linear accelerators and radiation equipment. Contact RadParts at  877-704-3838 to learn more.

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/ 

About Half of Lung Cancer Patients with Medicare Don’t Receive the Appropriate Imaging Before Treatment

The leading cause of cancer-related death in the United States is lung cancer. According to a study published in the Journal of Nuclear Medicine in January, roughly half of Medicare patients with Non-Small Cell Lung Cancer (NSCLC) do not receive the appropriate imaging before radiation treatment.

Research has shown that up to 72 percent of patients with lung cancer who receive NSCLC with FDG PET/CT imaging have seen various treatment changes. Compared to patients who underwent CT imaging alone, patients with FDG PET/CT imaging had substantially improved cancer-specific survival rates.

As a result, National Comprehensive Cancer Network (NCCN) guidelines have changed to suggest all recurrent NSCLC patients receive FDG PET/CT to evaluate for metastatic disease.

The study conducted by researchers examined over 5,000 patients with NSCLC requiring radiation therapy. Those who received only CT imaging were in one group, and those who received additional FDG PET/CT were in another. Scientists investigated the overall and cancer-specific survival rates of both groups.

When comparing survival rates after three years, those who received only CT imaging had substantially lower overall and cancer-specific survival rates compared to patients who underwent FDG PET/CT imaging.

In total, 56.3 percent of patients experienced FDG PET/CT before radiation therapy, and 43.6 percent had CT imaging alone.

Rustain Morgan, MD, MS, a nuclear radiologist at the University of Colorado in Aurora, Colorado, said, “This research shows a clear lack of adherence to guidelines and raises important questions as to why. We believe these findings are the tip of the iceberg for guideline nonadherence. More work needs to be done in order to better understand the scope of the issue, with further work focused on interventions which ensure guideline adherence.”
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RadParts, a TTG Imaging Solutions Company, is the world’s largest independent distributor of OEM replacement parts. We specialize in low-cost parts for repairing linear accelerators and radiation equipment. Our mission is to provide high-quality, user-friendly, low-cost components and support for linear accelerators and radiation equipment. Contact RadParts at 877-704-3838 to learn more.

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/

Novel 4D Printing Emerges for Breast Cancer Treatment

Breast cancer is the second most common cancer worldwide, affecting approximately 7.8 million women in the past seven years. Current 3D breast cancer treatment focuses on treatment, tissue regeneration, and physical recovery. From prosthetics to drug-loaded implants, challenges persist. With a novel 4D technology, complexity and customization combine to improve breast cancer management.

Generally, 3D treatments are well-established due to many advantages, such as rapid prototyping, ease of accessibility, structural control, and cost-effectiveness. It also requires low energy, so from an environmental perspective, 3D treatments are eco-friendly, reduce waste production, and do not involve chemicals. There are some hurdles when it comes to 3D treatments, however. Some of these include build size, post-processing, and lack of regulation.

When it comes to revolutionizing the standard treatment for breast cancer, 3D printing has shown a significant impact when it comes to diagnosis, treatment, and aesthetic outcomes.

To help surgeons plan and make decisions, breast and tumor prototypes are used for diagnostic tasks, surgery training, preoperative planning, treatment optimization, and drug screening. These prosthetic models mimic patient anatomy. The 3D models, from a practical perspective, were created to localize tumors and provide physical models for resection guidance.

With 4D treatments, the advantages and disadvantages of 3D technology are present, but 4D can offer a higher level of complexity and customization features. Combined with programmed functionalities, the dynamic abilities of 4D treatments are advantageous for breast cancer treatment.

Some challenges of 4D treatment include material availability, technical aspects, and the design process. New materials and improved biocompatibility should be the primary focus when it comes to printability.

RadParts, a TTG Imaging Solutions Company is the world’s largest independent distributor of OEM replacement parts. We specialize in low-cost parts for repairing linear accelerator and radiation equipment. Our mission is to provide high-quality, user-friendly, low-cost parts and support for linear accelerators and radiation equipment. Contact RadParts at 877-704-3838 to learn more.

 

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/

Point-of-Care Ultrasound Advancements

Point-of-Care Ultrasound (POCUS) was recently declared by the American Academy of Family Physicians as, “The biggest advance in bedside diagnosis since the advent of the stethoscope 200 years ago.”

Many industry professionals, such as anesthesiologists, internal medicine specialists, family practitioners, and more, already use this technology and believe it is beneficial in widespread application. Ongoing advancements in POCUS technology make it an option for radiologists as well.

Thanks to POCUS’ ability to rule out suspended pathology at the bedside, Rami Zebian, MD, CMO with Florence Medical Center and Marion Medical Center, said, “The best care is local care. There’s a lot of talk about how to do more care locally. While you can have the best technology, a huge hospital setting, and people can travel, the best option is having options locally at the point of care and getting results or answers faster. For example, emergency medicine physicians who graduate from an emergency medicine residency nowadays have ultrasound as part of their training. If we’re concerned about bleeding, they do the fast scan to quickly identify an area of concern, and then you go after it. There are a lot of conditions where time is very important.”

Ernesto Brauer, MD, RDMS, RDCS, ASCeXAM, FACP, FCCP, ABSM, council chair with the Point-of-Care Ultrasound Certification Academy, says, “A significant number of ultrasound studies are reported as normal studies. This will avoid the unnecessary burden on radiologists.”

POCUS offers lower-cost imaging devices that allow organizations to scale their use, enabling high-powered image insights to be at their fingertips. Regarding health care, the impact of POCUS will continue to be substantial, as it has unlimited potential in patient diagnosis.

Physicians use specific tools to understand the complex physiology presented by patients with complicated conditions. POCUS is now being used as an extension of a physical exam.

Ohad Zrazi, president and CEO of Clarius Mobile Health, said, “The emergence of high-quality handheld ultrasound systems that are even more portable, affordable, and easier to use is enabling physicians from diverse specialties to use ultrasound for diagnosis and treatment, often during first visits. As more physicians become proficient with using ultrasound to diagnose simple cases at the bedside, radiologists will have more time to focus on complex cases that require high level expertise.”

Brauer said, “So, in a nutshell, the POCUS community is using POCUS in ways that have never been used conventionally by radiologists or sonographers. We are just in the early phase of the evolution of POCUS.”

RadParts is the world’s largest independent distributor of OEM replacement parts. We specialize in low-cost parts for repairing linear accelerator and radiation equipment. Our mission is to provide high-quality, user-friendly, low-cost parts and support for linear accelerators and radiation equipment. Contact RadParts at 877-704-3838 to learn more.

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/

AI On the Horizon for Radiologists

Artificial Intelligence (AI) has been poised to improve the radiological process for some time, yet despite hundreds of conferences, hype, and promises, AI hasnt made a huge impact yet.

Part of the issue with AIs slow integration for radiologists lies within the application. Algorithms can be applied to specific situations and places, but radiologists need to look beyond these narrow views. True workflow integration is the key to fully utilizing AI.

Though other areas of our lives already rely on AI, radiology has not caught up with the trend. Todays viewing software cannot suggest relevant prior imaging exams based on the current image being studied. Two strategies already exist which can help facilitate the AI process.

Activity Pattern Identification

By recording a radiologists habits, AI can look for clusters of repeated actions to automate. Specifically, viewing particular images and reading aloud numbers on a corresponding screen could be achieved by AI. Or AI could monitor click patterns from radiologists to offer the most appropriate measurement tool. Personal patterns for handling protocols can also be improved by AI, which can shave valuable time and improve radiologists’ mental load.

Information Integration

A large number of radiology algorithms accept images and output a diagnosis or prediction; however, after receiving images, the AI could include extra information with the output which would be of use to the radiologist. With this information at their fingertips, radiologists could make better clinical decisions. For example, if a radiologist is examining a specific body part where surgery had been performed, AI could display the most recent pre-operative images to allow the radiologist to compare the two more easily.

Considered some of the most technologically forward physicians, radiologists should harness the power of AI and tap into the potential capabilities. By using pattern detection and information integration, AI can simplify tasks, clarify figures, and help to boost maximum productivity.

RadParts is the worlds largest independent distributor of OEM replacement parts. We specialize in low-cost parts for repairing linear accelerators and radiation equipment. Our mission is to provide high-quality, user-friendly, low-cost parts and support for linear accelerators and radiation equipment. Contact RadParts at 877-704-3838 to learn more.

 

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/ 

Radiotherapy Equipment to Last a Lifetime

Medical equipment professionals often debate whether machines are useful past their “expiration” date. Newer radiation therapy equipment is touted to last seven or eight years, noting that it took roughly seven years to design and program before its release, doubling its age instantaneously. Therefore, the technology, software, and knowledge associated with a 14-year-old device is severely outdated.

However, this thinking is not necessarily true, as there are machines over 20 years old that are operating safely and reliably. In Latin America, a Varian 6X linear accelerator has been treating patients for more than 40 years.

Since 1953, a GE MaximaR 100 X-Ray Device (also known as a Superficial Unit) has been working at a hospital in the United States. For almost 70 years, this unit has helped treat skin cancer patients by producing mild doses of radiation to destroy cancer cells while preserving the surrounding healthy tissue. This machine is still being manufactured for use in dermatology and radiation oncology clinics.

In the Caribbean, a physician at a radiation oncology center said, “Our 2003 Varian 21EX linear accelerator treats over 50 patients per day. It has all the features we want including RapidArc. The 21EX has successfully treated thousands of patients.”

These machines are well-built and are fully capable of lasting longer than seven or eight years. Certain companies purposefully underestimate the life of their linear accelerators to drive sales and increase new model usage. Also, many refurbished linear accelerators use the exact same technology as the current market models.

Are you looking to purchase a refurbished linear accelerator or have yours repaired? Contact RadParts today.

RadParts is the world’s largest independent distributor of OEM replacement parts. We specialize in low-cost parts for repairing linear accelerator and radiation equipment. Our mission is to provide high-quality, user-friendly, low-cost parts and support for linear accelerators and radiation equipment. Contact RadParts at 877-704-3838 to learn more.

 

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/ 

 

Particle Accelerators Create Potential Cancer Treatment in Lansing

A Lansing company called Niowave has begun producing actinium-225, a silvery metal isotope that barely exists on Earth, with a superconducting linear accelerator. The reason? This isotope is a promising cancer treatment; however, researchers don’t know its full potential due to the absence of clinical trials.

Niowave has secured a $5 million deal with Fusion Pharmaceuticals to start production in 2024.  Between Russia, the United States, Germany, and Canada, there are only two curies (unit of measurement for radioactive materials) of actinium-225. Niowave plans on making one curie per week.

In 2019, the federal government gave Niowave $15 million, and another $13 million last year, to produce molybdenum 99, which is used for medical imaging. Since other countries subsidize its production, making a profit from molybdenum 99 is tricky.

After working with uranium for years, the federal government determined Niowave could function safely with another highly radioactive element, radium, to create actinium-225.

Cancer therapy isotopes emit beta particles, which can destroy cancer cells but also kill healthy cells around them. Actinium-225 delivers more targeted alpha particles, which can emit more energy at a shorter distance.

Justin Wilson, an associate professor of chemistry and chemical biology at Cornell University said, “If you can get those alpha particles to the cancer cells, they have the capability of doing more damage but in a more confined region. Which, in theory, could prevent hitting healthy cells that maybe aren’t part of the small metastatic lesion.”

Eric Burak, chief technical officer at Fusion Pharmaceuticals, states that they are working on formulating three separate drugs that use actinium-225. He said the isotope is “One of the rarest elements in the entire planet, and, with more companies interested in its therapeutic potential, everyone is scrambling for actinium supply.”

Fusion Pharmaceuticals are investing $5 million to help Niowave create actinium-225 in exchange for a guaranteed share of the end result.

Niowave’s superconducting linear accelerator has been moved to a concrete room as radium is extremely radioactive.

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RadParts is the world’s largest independent distributor of OEM replacement parts. We specialize in low-cost parts for repairing linear accelerator and radiation equipment. Our mission is to provide high-quality, user-friendly, low-cost parts and support for linear accelerators and radiation equipment. Contact RadParts at 877-704-3838 to learn more.

 

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/

 

Novel Cancer Treatment Headed to McLaren Flint

An innovative new technology headed to Flint will be used to treat cancer with proton therapy. The McLaren Proton Therapy Center is the first to receive the new machine that treats patients upright, enabling cancer treatment with more precision.

Leo Cancer Care developed the proton therapy called “Marie,” which will take up less space yet provide more accurate treatments since there will be less organ movement.

The Proton Therapy Center in Flint will receive the first two upright units and be used within the next two years, pending FDA approval. The largest proton center in Michigan, the new machine will allow more patients to be treated.

According to a news release from McLaren, proton therapy is a type of radiation therapy that uses protons to accurately target tumor cells and leave healthy surrounding cells undamaged.

Stephen Towe, CEO of Leo Cancer Care, said, “The goal of Leo Cancer Care and McLaren Proton Therapy Center’s collaboration is to bring proton therapy to more patients, and we know there are clear advantages with proton therapy. The McLaren Proton Therapy Center is well-positioned to become the first to potentially treat patients with the revolutionary Leo Cancer Care technology.”

Construction to add the “Marie” units to the Proton Therapy Center in Flint will start in the spring of 2023 and be fully operational by the fall of 2024.

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RadParts is the world’s largest independent distributor of OEM replacement parts. We specialize in low-cost parts for repairing linear accelerator and radiation equipment. Our mission is to provide high-quality, user-friendly, low-cost parts and support for linear accelerators and radiation equipment. Contact RadParts at 877-704-3838 to learn more.

 

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/ 

 

Deciphering the Difference Between Critical and Mundane Tasks in Radiology

Successful people who thrive in their careers are typically engaged in their workload and manage responsibilities well, with a keen focus uninterrupted by distractions. Generally, it isn’t too difficult to decipher actual “work” from mundane tasks that are counterproductive or irrelevant, yet many people are guilty of partaking in the latter more often than not.

Diagnostic radiologists are typically responsible for interpreting images and providing reports outlining the findings. Whether certain clinical questions, managerial roles, or imaging protocols are involved, the overall group functions more efficiently when everyone is equally engaged.

Once in a while, radiologists might feel like they are partaking in mundane activities; for example, if a reporting template doesn’t match their personal style or search pattern. Another scenario might include defending one’s reporting language against a hypercritical QA reviewer.

Based on what the radiologist believes their work should encompass, one radiologist’s critical tasks are another’s.

To bridge the gap between critical and mundane tasks, one must note the subtle perverse incentives that might be happening in the workplace. Government, regulatory, and academic fields all succumb to these inadequacies when someone is rewarded for bad behavior or punished for good.

Common issues in radiology include no reward for productivity or no survey of who is contributing to the overall team effort. Radiologists who produce more RVUs might be extra stressed, which increases malpractice liability, both of which are perverse disincentives. To regain equilibrium, the radiologist can reduce their efforts or take more breaks, for example.

When certain team members become more aware of their performance impediments, better tools, more personnel, etc., are appointed. Once leadership is alerted, staff surveys are performed, which could lead to new hardware, software, coworkers, and more.

Without any sign of stress in the system, those who rank higher on the totem pole are unable to specifically outline any issues or provide support. However, with help from other team members through surveys and the like, leadership can improve the situation based on feedback.

Constructive evaluation and prevention is key in reducing perverse incentives and increasing overall morale.

RadParts is the world’s largest independent distributor of OEM replacement parts. We specialize in low-cost parts for repairing linear accelerator and radiation equipment. Our mission is to provide high-quality, user-friendly, low-cost parts and support for linear accelerators and radiation equipment. Contact RadParts at 877-704-3838 to learn more.

 

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/

 

Factors Causing Radiologist Shortages

A radiologist shortage is facing the global market due to factors such as increasing demand for imaging studies as well as Covid-19-related reasons. Additionally, an aging population, higher Medicare enrollment, and fewer radiology trainees make the situation even more dire.

Harprit S. Bedi, MD, vice chairman of radiology education at Boston University School of Medicine, said, “The older population requires more imaging.”

The World Health Organization predicts that the percentage of the world’s population over 60 years old will increase to 22 percent by 2050, almost double what it was in 2015. The United States Medicare population has greatly overshadowed the number of radiologists entering the field in recent years.

Aditya Khurana, MD, an incoming radiology resident at the Mayo Clinic, said, “The significant increase in Medicare beneficiaries and relative stagnation in DR providers serving the Medicare population could strain the supply and demand balance in the delivery of imaging services.”

The global Covid-19 pandemic has hugely impacted both trainees and long-serving radiologists, forcing some into early retirement. Around two out of every five physicians are expected to reach retirement age in the next decade, which will worsen the situation even more.

The United States House of Representatives introduced the Resident Physician Shortage Act of 2021 to address physician shortfalls and fortify the number of Medicare-supported residency positions available. The bill could add more than 2,000 positions yearly between 2023 and 2029, totaling 14,000 new jobs.

Anna Rozenshtein, MD, president of the Association of the Program Directors in Radiology, said, “From a training perspective, the way to address a shortage of radiologists would be to increase the number of radiology resident positions. We must fight to expand the pipeline. This legislation, if enacted, would be a big step forward, with a couple of caveats: radiology residencies would need to be prioritized, particularly in the areas of the country experiencing the greatest shortage of radiologists.”

Maria Helena S. Mendonça, MD, assistant professor at Santa Casa de Misericórdia de Sāo Paulo in Brazil, said, “Before 2020, we didn’t know if clinicians would be open to remote work or if radiologists would be as productive from home. But Covid-19 exposed what was possible. I believe more trainees will be interested in the wonderful career that is radiology if we demonstrate how rewarding the specialty is. We can motivate ourselves to teach radiology residents and set an example of leadership while continuing to learn from our colleagues, enjoy a life dedicated to study and science, and show compassion and outstanding care to our patients.”

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RadParts is the world’s largest independent distributor of OEM replacement parts. We specialize in low-cost parts for repairing linear accelerator and radiation equipment. Our mission is to provide high-quality, user-friendly, low-cost parts and support for linear accelerators and radiation equipment. Contact RadParts at 877-704-3838 to learn more.

 

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/