MRI Opportunity - Full Service

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The MRI Imaging Center Opportunity and keeping you out of the weeds!
- Module #1

No disagreement here, building and owning an MRI Imaging Center can be an extremely rewarding and valuable opportunity, and the industry numbers tell a compelling story.

MRI (Magnetic Resonance Imaging) is a clinically valuable medical imaging diagnostic tool, utilized by nearly all the medical specialties across our country and across the globe for that matter.

According to one Industry source, there are close to 40 million MRI scans performed annually in the United States alone, with over $100 billion in annual revenue! As the MRI Imaging Center business is forecast to only continue to grow, it stands to reason that you should want a place at that table!

MRI imaging is a medical business regulated by Federal Law, and some State Laws. MRI imaging centers can most easily be owned as part of a single medical practice  with an “In Office Setting” ( Orthopedic, Spine, Neurosurgical, Surgical, etc.), as an entity co-owned by several medical groups in a block leasing agreement, as part of any hospital imaging service line (MRI, CT, PET, Radiology, Mammography), as a service in a specific radiology group practice, or as services owned and managed by independent private investors in an Independent Testing Facility (IDTF).

Other medical businesses that might be interested in owning an MRI Imaging entity, such as ASC’s looking to diversify and improve revenue options, will individually have to meet the Stark Law provisions that address the ownership and use of an MRI, but that is being accomplished more often and represents a great revenue stream for Ambulatory Surgical Centers as well.

There is much to know and consider in the set-up, design, build out, and implementation of a successful MRI Imaging Center.

Your MRI Imaging Center can be a much needed and very profitable imaging modality in your medical group and or in your community.

Your MRI Imaging Center service setting however, must be one that not only conforms to the law, but that offers the best business and delivery structure in order to be profitable.

The ownership model and business structure that you select for your MRI Imaging Center project can greatly affect its profitability and long term success.

We can work with you and our highly regarded Healthcare Attorneys to ensure that you select a business structure that meets all of those needs.

Putting together a profitable MRI Imaging Center is a significant venture, expense laden, labor intensive, with some amount of financial and regulatory risks, and we treat it as such.

When you make use of our guidance and experience, we will work to “keep you out of the weeds," in the development of your MRI Imaging Center. We can even help you to enjoy the process and become knowledgeable along the way!

In this Consultation and Assistance Module we will address

  • Any project area the client wishes to discuss. Everything can be modified to meet specific Information and Assistance Module needs of the client as we learn their needs.
  • Understanding the financial goals and expectations of the collective and individual Project Owners.
  • Understanding any Clinical Needs to be met in this MRI Project.
  • Addressing other MRI Project Client Special and or Specific Equipment Needs and or Requirements, IE; 70 cm wide bore vs 60 cm bore, Extremity Unit vs 1.5T or 3.0 T unit, New Unit vs Refurbished Unit, Lowest power usage options, Ortho, Spine, or other specialty specific imaging coils, or detachable patient table needs, MRI Exam suite Natural Lighting requirements, Patient Sound and Communications options, etc.
  • Working with Client Project deadlines.
  • Review of the Client’s understanding of funding and expense requirements for an MRI Project. Understanding the Client’s funding; options, desires, resources, goals, limitations, deadlines, and possible requirements and terms. Assisting as needed.
  • Understanding Client MRI site considerations, layout, siting limitations, opportunities, requirements, and options.
  • Introduction to a qualified, experienced Healthcare Attorneys to discuss:

Framework of client needs for their possible specific MRI Project.

MRI Project Entity type; In Office Exemption-Single Integrated Medical Group Practice, Block Leasing multiple group practices, ASC, IDTF Independent Testing Facility, Hospital Service Line, Radiology Group Practice or Other.

  • Federal Stark Law Provisions for MRI Ownership.
  • State Laws that can come into play in Ownership of an MRI in a specified state the client resides in.
  • MRI Imaging Center Ownership model that can be shared by several nonintegrated medical groups. Determine value for the client if needed.