Summary
Odyssey will provide a complete turn-key in-house nuclear cardiac suite for the internal medicine practice. This program will include:
- all necessary site engineering and nuclear SPECT equipment
and installation - hot lab set-up
- ongoining maintenance
- operational personnel and management
- all NRC and state licensing and administration
- billing and coding assistanc
- authorized user for radioactive pharmaceuticals as well as radiation
safety officer and physicist. - compliance with at Stark and Medicare laws.
Contract Term
The term is five years with renewal options. A prospetive medical practice also guarantees a minimum or 40 procedurs per month.* However, this does not represent a true break even for the physician. The financial models shows than on a 40 procedure per month volume, the physician nets in excess of $15,00/month. A true break even for a physician is 17 patients per month.
Charge Structure
Charges are on a fee per procedure basis. The following illustrates the Odyssey charges and is broken down according to the payers in the following manner:
Odyssey Fee |
Physician Receives** |
|
---|---|---|
|
$485/patient |
$1,022/patient |
|
$385/patient |
$757/patient |
Start-Up
A center can be operational 60-90 days after signing the formal agreement.
*The contract term and guarantee may be lower depending on the practice profile.
**This is an estimate of what the physician would receive from an insurance company.