Question

Describe why/how a ROM+ test ($1200/test) is financially beneficial for a hospital when the Reimbursement is only ($400/test).

Answer 1

A ROM+ test at a cost of $1200 per test will still be financially beneficial for a hospital even when the reimbursement is just $400 for the test. This is because there will be costs savings for the hospital in the form of reduction of operational costs. Many hospitals were using POC tests before switching to ROM+ test and on a comparative basis the ROM+ tests are easier to run as well as are more reliable. This will lead to significant reduction in overheads for the hospital. Thus while the reimbursement is quite less when compared to the cost (leading to a deficit of 1200-400 = $800 per test) the hospital will stand to gain on a net basis due to significant savings that will accrue to it from the operational efficiency associated with the ROM+ test.