MRI Project Financial Analysis - Full Service

The Financial Analysis and Feasibility Study: The best way to ensure a successful in-office MRI Project
- Module #3

The lender-quality MRI  Imaging Center Financial Analysis and Business Feasibility Study

Before you embark on the extensive planning and buildout of an MRI Imaging Center, with costs conservatively ranging from 1.9 million to 2.4 million dollars, you must know if your MRI Imaging Center will be profitable!

To understand future profitability, you must know the volume of  MRI scans you should project. And you need to fully understand where your scans will come from on an ongoing, reasonably predictable basis.

If these numbers are inaccurate or the volume cannot be relied upon, then the entire basis of your profitability is in question.

Will the scan volume be coming from physicians in your medical group practice?

Perhaps from multiple medical groups (block leasing venture)?

Physicians in your medical facility/building or even physicians in your catchment area that you have spoken with?

Are you creating an Independent Testing Facility (IDTF)? If so, will you need to project scan volume from various definable sources?

To create a definable business plan for the MRI Imaging Center Financial and Business Viability Analysis, you must combine the projected MRI scan volume information with many other details specific to your project, which we will discuss.

We are very proud of the detailed MRI Imaging Center Financial Analysis and Business Feasibility Studies we can create with client assistance and on their behalf.

We create high-quality client documents that Project Partners, Banks, and lenders use to secure funding for a client's MRI Imaging Center project. These documents can also be crucial assets and benefits to the client. When done professionally and with the care it deserves, your lender can rely on them to help them understand the project's return on investment and timeline.

When constructing the MRI Imaging Center Financial and Business Viability Analysis, several key issues must be understood. First and foremost, you must strive for as much honest data gathering and source data accuracy as possible.

You will also be making some assumptions about current referrals based on your experience, and those assumptions should be moderately conservative.

It is better to over-perform than to underperform what you have projected in your Analysis.

You should also understand that this MRI Imaging Center Financial and Business Viability Analysis, when initially constructed, may sometimes reveal that you do not have the bottom-line profitability that you are looking for; no worries. It's very good to know in advance.

If that occurs, there is time to adjust the whole project before proceeding too far.

The scan volume size (revenue) can mean bringing in more producing physicians or referring physician assistants, casting a bigger net, adjusting your financing terms, and/or reducing your expenses in many areas.

We can and have made positive and successful recommendations that have made the difference in the creation and success of MRI Imaging Centers for our clients.

To prepare the MRI Imaging Center Financial and Business Viability Analysis, we will delve into a significant amount of data to ensure the success of your MRI Imaging Center project.

With your assistance, we analyze your market, resources, and various internal data you can provide. We use our experience and in-depth, specific market review to generate the performance metrics we need.

When done correctly, the data will show us how you can expect your MRI Imaging Center business to perform.

Our MRI Imaging Center Financial and Business Viability study will determine an accurate bottom-line profitability projection for the center annually and over a six-year period.

In creating the MRI Imaging Center Financial and Business Viability Analysis, we will work with you to determine Annual and Multiyear patient scan volume and the average Reimbursement per MRI scan based on a Weighted and Blended Average of all clinical Scan Types (CPT codes), with many different payer sources: commercial, Government, and Self-Pay patients.

Based on our experience, gathering of updated information, and successful negotiations with MRI manufacturers and suppliers, we also project probable best-case scenarios for the price of equipment, new or refurbished, leased, or purchased, including early buy-out options.

When creating your MRI Imaging Center Financial and Business Viability Analysis, we work with updated and current Architect and builder cost data for your specific community.

We will determine the projected building site leasing and buildout costs for your MRI Imaging Center service location. We also determine annual equipment maintenance and service costs based on the equipment you are interested in.

We can very closely determine the expenses related to teleradiology radiologist interpretation fees, scan supply expenses, and MRI technologist and personnel expenses in all markets.

With your assistance, we can project your MRI revenue, expenses, profit and loss amounts, and projected net revenue for each year of operations over an annual and six-year period.

That is the essence of your MRI Imaging Center Financial and Business Viability Analysis development, and we do it very well!

When you request that we create your MRI Imaging Center Financial and Business Viability Analysis, you will have solid way-finding documents and guides that will assist you in potentially avoiding failure in developing your MRI Imaging Center project.

A high-quality financial and business viability analysis can help ensure your MRI imaging project will be profitable and valuable.

Suppose your initial MRI Financial and Business Viability Analysis does not project adequate profitability? In that case, we will assist you in incorporating some specific changes to move toward projected profitability.

If you want to know what you need to know to ensure a successful and profitable MRI Imaging Center Project, our MRI Imaging Center Financial and Business Viability Analysis is the best expenditure you can make.

In our experience, having a well-constructed MRI Imaging Center Financial and Business Viability Analysis has improved loan terms and lending rates with our clients' lenders.

In this Consultation and Assistance Module, we will address

• This MRI Imaging Center Financial and Business Viability Analysis is essential.
• What does it mean when we refer to "Lender Quality," Financial and Business Viability Analysis? What should that include?
• Where are you currently in the process of your MRI Project?
• What are the basics of putting the data together for the Analysis?
• We need to know projected revenue and expense numbers in both categories and understand how to obtain that information.
• What Metrics/Information do you know for sure now, what metrics will you need to know, and what information do you need to gather to create an accurate Financial and Business Viability Analysis?
• What should a reasonably successful Profit/Net Revenue (Revenue minus Expenses) number look like, and how would that be determined?
• What are the reasonable assumptions you can make and will need to make in the calculations and data sheet construction for the MRI Imaging Center? How will those business assumptions be determined?
• What is a reasonable revenue ratio to expenses for a potentially successful MRI Imaging Center?
• What other possible Appendix to the MRI Imaging Center Financial and Business Viability Analysis should you include when providing this financial Analysis to your Lenders?

MRI Opportunity – Full Service – 1

Capture MRI Revenue

Securing Funding – Full Service – 9