The value of the da Vinci at the end of the lease will be $500,000. Assuming that other existing variable and fixed costs carryover for the next 4 years (Table 3 except for new lease amount) and that this is an operating lease, what is the NPV of da Vinci robat investment assuming a 12% discount rate. Determine the monthly payment for the new lease for the da Vinci robot. of 8 Table 5 $ 2,500,000.00 5.25% New Robot Cost Cost of Financing Lease Term (Years) Average Cases Per Month Average Revenue per case 20 6,500.00 $ 9. Danville, PA Geisinger’s billing service provider recently notified Geisinger patients of a data breach that put personal and protected health information at risk. Given the situation, management is evaluating the current number of procedures, an expansion of the robotic surgical system with addition of an additional surgeon, and the lease for a new system. For the purposes of the analysis, management has determined the following: Table 4 Average Cases Per Month Average Revenue per case 6,500.00 12 $Īs part of the overall discussion concerning the da Vinci surgical system, management is contemplating the new technological advances in the system as well as the fact that the existing lease is ending. Allocated Hospital Expenses are fixed overhead expenses that are incurred and would be absorbed by other departments if da Vinci surgeries did not occur. Depreciation expenses are for other equipment located within the da Vinci surgery suite. Maintenance expense is the support agreement to maintain the da Vinci. The lease expense in of 8 the monthly lease for the da Vinci. The supply expense - other relates to expenses associated with the surgical procedures done by the da Vinci but are not directly for the da Vinci equipment itself (sponges, linens, etc.). Employee benefits are related to the support personnel of the da Vinci procedures. “Our VisitPay Portal takes a very consumer-friendly approach to solving both of these problems for patients,” Ivanoff says.Table 3 Operating Expenses Salaries and Wages Employee Benefits Supply Expense - da Vinci Supply Expense - Other Lease Expense Maintenance Expense Depreciation Expense Allocated Hospital Expenses $ 9,500.00 $ 3,325.00 $ 20,000.00 $ 5,000.00 $ 62,000.00 $ 14,000.00 $ 1,500.00 $ 10,000.00 $ 125,325.00 The salaries and wages related to da Vinci surgeries are the support personnel which include RN's, Medical Assistant's, etc. “While there are any number of reasons why people pay or don’t pay their medical bills, two stand out as the most common - confusion over what is truly owed and a dearth of relevant financing options,” iVinci Health’s CEO (and former Capital One exec) Kent Ivanoff says in a statement. The company says it will use the new money to fuel its national expansion and to promote the new patient portal product. The new funding brings iVinci’s total up to roughly $6.75 million. The company took a $1.7 million funding round last April. “iVinci provides effective solutions that help us work with our patients to manage their obligations because they simultaneously provide our patients with easy-to-use online tools for managing, paying, and financing their healthcare bills.” “We find that patients are becoming increasingly challenged by health plans passing a higher percentage of each final bill onto them for payment,” said Dr. Luke’s Health System, and one other undisclosed large healthcare system. The new round, which closed on September 3, was led by Intermountain Healthcare, Inova Health System, St. Its solution enables patients to access accounting of their financial obligations, as well as health plan and healthcare information, via a health system-branded portal. The company also says it’s completed a new $5 million round of funding. VisitPay (also known as Ivinci Partners, former iVinci Health) is a company providing a patient financial engagement platform. up to 500 per surgery Preferred Medical Plan Hire Dynamics is searching for. IVinci offers another system that allows providers to predict when and how patients will pay, as well as an array of other forecasting, vendor management, reporting, and analytic tools to manage revenues. Production Associate 33 salaries View More Customer Services & Support. ![]() It’s now launching a new patient portal, called the VisitPay Portal, which hospitals can use to simplify the selection, financing, and billing of health services for their patient customers. It tells patients exactly what they owe and when they owe it, then provides online management tools and financing options. Boise, Idaho-based iVinci Health makes a series of patient billing and revenue management tools for hospitals and other healthcare providers. Ipc Healthcare pays an average salary of 231,883 and salaries range from a low of 203,044 to a high of 265,918.
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