Filling in the purchase price of every individual item of medical equipment is the first step to preparing to calculate the COSR (Cost Of Service Ratio). It is also next to impossible to research hospital purchase orders to determine the actual price paid. So we have to estimate. Below is a tool to help you with that. I have compiled a list of over 1700 different medical equipment descriptions, along with the average price paid by the hospitals. It comes from an inventory of 213,000 items, so the numbers should be pretty good. Please download it and use it to backfill your inventory price. You will then be one step closer to calculating COSR.
A Special Thanks From HTMA of Ohio To Global Medical Imaging And Pat Lynch For This Contribution.
Patrick Lynch, CCE, CBET, fACCE, CHTS-PW, CPHIMS
GMI “Defining Imaging Solutions”
222 Rampart Street
Charlotte, North Carolina 28203
CLICK HERE to view/download this MS Excel Spreadsheet.