Economic White Paper
Demonstrating the Economic Value of SwiftMR™
Our summary
SwiftMR™, an AI-powered MRI reconstruction software, offers clear economic benefits to imaging centers. In an economic model, we estimated that a typical imaging center using SwiftMR™ could generate an additional $271,790 in revenue over one year, achieving a 453% return on investment (ROI) with a payback period of 3 months. This financial gain is primarily due to SwiftMR™’s ability to reduce scan times, thereby increasing patient throughput. In various scenarios analyzed through sensitivity analyses, SwiftMR™ delivered an ROI of over 300%, suggesting potential economic value across different operational conditions.
Why it matters
Radiology institutions currently face financial pressures from high operational costs and declining reimbursement rates, coupled with increasing demand for MRI services. SwiftMR™ addresses these challenges by enabling centers to reduce scan times without expensive hardware upgrades. This economic model demonstrates a clear financial benefit, with a substantial return on investment and a short payback period. By enabling higher patient throughput, SwiftMR™ presents a potential solution for these facilities to optimize their operations, increase revenue, and improve patient experience. The ability to achieve these financial gains while using existing MRI equipment makes SwiftMR™ a compelling option for imaging centers seeking to improve their bottom line.
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Our summary
SwiftMR™, an AI-powered MRI reconstruction software, offers clear economic benefits to imaging centers. In an economic model, we estimated that a typical imaging center using SwiftMR™ could generate an additional $271,790 in revenue over one year, achieving a 453% return on investment (ROI) with a payback period of 3 months. This financial gain is primarily due to SwiftMR™’s ability to reduce scan times, thereby increasing patient throughput. In various scenarios analyzed through sensitivity analyses, SwiftMR™ delivered an ROI of over 300%, suggesting potential economic value across different operational conditions.
Why it matters
Radiology institutions currently face financial pressures from high operational costs and declining reimbursement rates, coupled with increasing demand for MRI services. SwiftMR™ addresses these challenges by enabling centers to reduce scan times without expensive hardware upgrades. This economic model demonstrates a clear financial benefit, with a substantial return on investment and a short payback period. By enabling higher patient throughput, SwiftMR™ presents a potential solution for these facilities to optimize their operations, increase revenue, and improve patient experience. The ability to achieve these financial gains while using existing MRI equipment makes SwiftMR™ a compelling option for imaging centers seeking to improve their bottom line.
