In partnership with ProTek, Irvine, Calif-based Renovo Solutions has launched Digital Detector Solutions, which seeks to provide a cost-effective alternative to traditional full service agreements for digital detector replacement coverage.
Wired or wireless portable imaging devices enable hospitals, clinics, and outpatient facilities to bring convenient radiology services to the patient in their hospital or exam room, rather than moving the patient to the radiology department. While digital detectors allow for higher quality patient care, their portability puts these devices at greater risk of being dropped or damaged in transit, with a replacement cost between $85,000 and $120,000.
“In this era of value-based care, every hospital radiology department is required to stay within budget,” says Sandy Morford, CEO of Renovo Solutions. “They have to fully insure for the risk of breakage or failure of digital detectors, as they do with their other specialized imaging equipment. With no comparable alternative, these service agreements are expensive and provide little flexibility in coverage options.”
Digital Detector Solutions manages risk to provide the equivalent service and coverage of a traditional full service plan at a fraction of the cost. The program is unique because it provides separate replacement coverage for digital detectors, which typically have a greater risk of damage and financial loss. According to the company, realized cost savings are substantial, with average cost reductions of 20% to 50% for digital detector coverage.
“The creation of this Digital Detector Solutions product will now empower the clinical equipment owner both financially and operationally from being tied to expensive service agreements or catastrophic replacement expenses,” says Alan Moretti, vice president of advanced imaging and radiation oncology for Renovo Solutions.