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Princeton Radiology

Princeton Radiology updates CT scanners, secures service, and maintains budget with Siemens’ financial solution.

Challenge

The Center for Medicare & Medicaid (CMS) announced medicare reimbursements for CT scans would be reduced by 5% unless the CT system the healthcare providers used met new patient radiation dose standards. Princeton Radiology,  a NJ-based regional leader in the diagnosis and treatment of disease, was looking to replace one of its CT scanners and further adhere to the new regulated guidelines. Upgrading to a lower dose and XR-29 compliant scanner would enable Princeton Radiology to service its patients more efficiently and meet CMS expectations.

Solution

Siemens Financial Services (SFS) proposed a seven-year, fair market value lease solution for Princeton Radiology to acquire the new scanner. Coupled with the cost of monthly service, the total cost for the new scanner was equal to the total monthly operating expense of their former scanner selection. This solution also helped Princeton to stay within budget.

Since the solution addressed so many needs, Princeton Radiology decided to negotiate a multiple-equipment transaction to upgrade scanners at their other locations. This combination of equipment and financing from Siemens made it easier for Princeton Radiology to provide higher standards of care to patients.

Benefits for Customer

With the new scanners, Princeton Radiology was able to increase their clinical capabilities and improve workflows. Most importantly, they were able to stay within CMS guidelines and provide higher standards of care to patients.

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