Cost-Effectiveness of Life Cycle Cost Theory-Based Large Medical Equipment

Abstract

The purpose of this study is to use the life cycle cost theory to analyze the efficiency of large medical equipment in hospitals, so as to implement life cycle cost (LCC) management and solve the current problems in hospitals. The analysis model of cost benefit of large medical equipment is established, and the cost-effectiveness of 4 large medical equipment between 2019 and 2021 is investigated and analyzed. In terms of the data in each information system of hospitals, the utilization of large medical equipment is quantitatively evaluated and analyzed by life cycle theory. The results show that the Revolution 256 row has the highest revenue of 113.29%. The annual depreciation of Signa 3.0 T HDxt is the highest, amounting to 4,160,000 yuan. However, there is lack of quality control and preventive maintenance of most equipment during use. The cost and benefit of large medical equipment in hospitals are analyzed, which demonstrates that Signa 3.0 T HDxt shows better effectiveness. Too high hospital warranty cost reflects the weak maintenance strength of hospital engineering technicians. The fundamental point of the maintenance and management of large medical equipment is to strengthen the performance evaluation of medical engineering technicians.

Impact of Life Cycle Costing in Procurement of Robotic Track-Based Central Laboratory at Apex Medical Institute in India

“…This hidden cost that is seldom taken into consideration that leads to increase in operational cost of hospitals and also indirectly leads to rising costs of medical diagnosis and care. 10 The total life of medical equipment includes procurement, usage, maintenance, and depreciation of the equipment, which are closely interrelated. From the perspective of hospital procurement system, the above-mentioned links belong to different departments.…”

“…With the surge in management requirements, expected quality of medical care, and scientific research ability of hospitals, expensive medical equipment are frequently purchased and utilized in the daily operation systems of hospitals to greatly promote the improvement of administration, delivery of healthcare, and scientific research levels of hospitals. 10 Besides, the in-depth use of large medical equipment in daily hospital diagnosis and treatment and the benefits it creates are the main sources of income of hospitals.…”

“…This hidden cost that is seldom taken into consideration that leads to increase in operational cost of hospitals and also indirectly leads to rising costs of medical diagnosis and care. 10 …”

Increasing the Company's Profitability and Cost Efficiency Through the Implementation of Activity-Based Management, Value Chain, and Pestel

“…Thus, reducing the occurrence of waste means that the costs incurred do not exceed the budgeted costs. With reasonable cost control, the company's operational activities can run smoothly (Chang et al, 2022;Shamayleh et al, 2020).…”

Retracted: Cost-Effectiveness of Life Cycle Cost Theory-Based Large Medical Equipment

“…This article has been retracted by Hindawi following an investigation undertaken by the publisher [ 1 ]. This investigation has uncovered evidence of one or more of the following indicators of systematic manipulation of the publication process: Discrepancies in scope Discrepancies in the description of the research reported Discrepancies between the availability of data and the research described Inappropriate citations Incoherent, meaningless and/or irrelevant content included in the article Peer-review manipulation …”