Medical, Lab & IT Equipment Benchmarking & Analytics

Medical, Lab & IT Equipment Benchmarking & Analytics

September 05, 2016

Blog

Is Your Hospital Getting Into Proton Beam Therapy?

Proton Beam Therapy is a hot topic in the hospital community. There isn’t a hospital that isn’t trying to find a way to get into this business or any other new leading clinical therapy.

Proton Beam Therapy is an alternative treatment to IMRT radiation therapy for certain types of cancer. It’s preferred because of its ability to specifically target tumors, minimizing the dose or radiation that surrounding healthy tissue receives.

Here are 3 helpful facts about Proton Beam Therapy:

  1. It’s still considered cutting-edge technology and exceedingly rare –While there are only 15 centers in operation, there are another 10 under construction with many more to come.  Backed by leading providers such as the Mayo Clinic, the demand for this technology is only going to grow.
  2. This is a MAJOR expense for hospitals – With a starting cost of $150 million, Proton Beam Treatment Centers represent a huge investment and also a financial risk to hospitals. One hospital reported that the cost of its Proton Beam Treatment Center was 40 times the cost of a center delivering conventional radiation therapy. Reimbursements, however, don’t yet come close to offsetting the increased cost of care delivery.
  1. Uncertain clinical efficacy  The biggest question with Proton Beam Therapy is whether or not it provides sufficient clinical benefits over traditional radiation treatments.  Because it is new and access is still relatively limited, the data on its cost and clinical efficacy is still not complete.

We hope that you find this information helpful and interesting!

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Scott Bosch

Manager of Clinical Engineering

Park Nicollet Health Services

“The groups responsible for managing technology in our healthcare organization need data and analysis to manage costs and make informed decisions. Miga’s EVMS platform is an important and valuable resource that helps us make the right decisions for both our clinical priorities and budget.”

Matt Werder

Chief Technology Officer

Hennepin County Medical Center

“Miga’s data is key to helping us be good financial stewards and validates we are using our resources wisely. The market intelligence provided by Miga’s EVMS platform has allowed us to save substantial amounts of money.”

"Miga’s ability to match equipment donated by their customers with the needs of our medical projects has been a most valuable and welcomed resource."

Jim Tierney

CEO

Suburban Radiology

“Miga’s data, analysis and expertise – in particular related to the fair market value of clinical equipment – is a critical resource we need to support strategic acquisitions, divestitures and joint ventures.”

Eric Hoag

Director, Corporate Strategy & Development

Allina Hospitals and Clinics

“Miga’s proprietary data and expertise was critical to our ability to close an acquisition deal quickly and with a high level of confidence in our valuation.”

Bill Barta

Corporate Director, System Imaging

Fairview Health Systems

“Miga’s objective information-based approach and understanding of the needs of hospitals makes them a valuable resource and helps us make the most cost effective spending decisions.”

Matt Blashill

Enterprise Director of Supply Chain

Lake Region Healthcare

"There’s a personal touch that sets Miga apart from their competitors. They don’t just offer great insights. They always take the time to provide additional analysis that is meaningful and actionable."

Dan Bazinet

Director of Clinical Engineering

Southcoast Health

“In all my years in health care, I’ve used a lot of benchmarking tools. Most simply repeat information passed along from others; Miga’s information tells me what’s really happening.”

COO

Community Hospital

"Miga's negotiating skills save us time and money. And their unique understanding of the market means we’re always playing from a position of strength."

Supply Chain Director

Regional Healthcare System

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