Sensible Solutions for Refurbished Radiology

Maximizing Value: A Guide to Refurbished Radiology Equipment

Posted by Vikki Harmonay on Wed, May 1, 2024 @ 13:05 PM

Do you have medical imaging equipment that you are thinking of selling? Are you considering purchasing medical imaging equipment?Maximizing Value Or maybe you just want to understand what the patient-ready value is for equipment you own? There are a lot of values or costs associated with MRI or CT equipment and before you can put a price tag on it you need to consider quite a few factors.

The team at Atlantis Worldwide has put together this general list of terminology and considerations before you can determine the price of medical imaging equipment.

Fair Market Value Or FMV

This is considered “retail value.” It’s the price an end-user or buyer should expect to pay to have the imaging equipment relocated and installed at their facility. This doesn’t include costs like software relicensing, commission and accessories that are required to operate the system. This is also the cost you should get if you are selling your used medical equipment.

Orderly Liquidation Value Or OLV

This is considered the “wholesale” value. It is what you can expect to receive when you sell to a third party on an “as is, where is” basis.

In Place Value Or IPV

This is otherwise known as patient-ready value or “turn-key”. This includes values like the cost of installation and commissioning, software licensing and registration, potential residual warranty coverage and accessories.

Machinery Appraisal

There are quite a few things that impact the value of medical imaging equipment in the secondary market. These include the age of the equipment or system, configuration, functionality, physical condition, software versions, resale market demand, wear and tear, geography, removal path and useful life of the machine all help determine the value.

Atlantis Worldwide has 31+ years of experience helping clients buy and sell on the secondary market. If you have questions, we’d love to help you.

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About the author: Vikki Harmonay

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Topics: Medical Imaging Equipment Costs, Buying Imaging Equipment