Milwaukee, February 1, 2016 - Alpha Source, the Milwaukee-based provider of innovative healthcare technology management solutions, announced the publication of a retroactive data study on the total cost of ownership of ultrasound imaging equipment. This study, based on the real-time experience of 673 ultrasound units in clinical use in U.S. hospitals and clinics, is one of the few evidence-based analyses available to guide the healthcare technology management (HTM) community in fact-based decision making around supporting medical equipment.
The report entitled "Economic Value Analysis (EVA) on the Total Cost of Ownership of GE Healthcare LOGIQ 9 Ultrasound Imaging Equipment" is an evidence-based approach to considering the economic benefits and risks of comprehensive service contracts compared to billable hourly service and in-house biomed resources. The study tracks the service history of a large, nationwide installed base of this specific type of ultrasound equipment over the 3-year time period of 2010-2014. The equipment was serviced either by the OEM or Alpha Source, a service provider for certain types of ultrasound equipment.
"We think it's important for the HTM community to make informed decisions on the best methods of service and support for medical equipment, whether that involves the OEM, a qualified ISO, or in-house biomed resources." states Don Smith, VP of Service for Alpha Source and a co-author of the study.
The study shows that the range of service and parts expenditures from unit to unit is wide. Although the average total annual spend across all units was $9,800 per year, the high end of the range is over 5 times (5X) the average.
Furthermore, a significant number of hospitals (23%) will spend 50% more than the average cost of a contract and 10% will spend twice the average annual price of a service contract by purchasing hourly billable service (T&M) and parts.
"Alpha Source is building on its growth as an innovative service provider to healthcare organizations by offering a range of solutions that extend the life of medical equipment and lower total costs of ownership," stated Rick Lytle, CEO of Alpha Source.
To receive a complimentary copy of this report, visit www.alphasource.com/EVA.
About Alpha Source, Inc.
Located in Milwaukee, Wisconsin, Alpha Source Inc. provides innovative solutions in healthcare technology management to customers around the world. Established in 1986, Alpha Source is a ISO13485:2003 certified and FDA registered medical device manufacturer with an emphasis on medical equipment service and biomed parts distribution and logistics. Alpha Source has been one of the INC 5000 fastest growing companies for the past five years. For a complete company description, visit www.alphasource.com or call 800-654-9845. For media inquiries, contact Darlene.Kober@alphasource.com
The report entitled "Economic Value Analysis (EVA) on the Total Cost of Ownership of GE Healthcare LOGIQ 9 Ultrasound Imaging Equipment" is an evidence-based approach to considering the economic benefits and risks of comprehensive service contracts compared to billable hourly service and in-house biomed resources. The study tracks the service history of a large, nationwide installed base of this specific type of ultrasound equipment over the 3-year time period of 2010-2014. The equipment was serviced either by the OEM or Alpha Source, a service provider for certain types of ultrasound equipment.
"We think it's important for the HTM community to make informed decisions on the best methods of service and support for medical equipment, whether that involves the OEM, a qualified ISO, or in-house biomed resources." states Don Smith, VP of Service for Alpha Source and a co-author of the study.
The study shows that the range of service and parts expenditures from unit to unit is wide. Although the average total annual spend across all units was $9,800 per year, the high end of the range is over 5 times (5X) the average.
Furthermore, a significant number of hospitals (23%) will spend 50% more than the average cost of a contract and 10% will spend twice the average annual price of a service contract by purchasing hourly billable service (T&M) and parts.
"Alpha Source is building on its growth as an innovative service provider to healthcare organizations by offering a range of solutions that extend the life of medical equipment and lower total costs of ownership," stated Rick Lytle, CEO of Alpha Source.
To receive a complimentary copy of this report, visit www.alphasource.com/EVA.
About Alpha Source, Inc.
Located in Milwaukee, Wisconsin, Alpha Source Inc. provides innovative solutions in healthcare technology management to customers around the world. Established in 1986, Alpha Source is a ISO13485:2003 certified and FDA registered medical device manufacturer with an emphasis on medical equipment service and biomed parts distribution and logistics. Alpha Source has been one of the INC 5000 fastest growing companies for the past five years. For a complete company description, visit www.alphasource.com or call 800-654-9845. For media inquiries, contact Darlene.Kober@alphasource.com
