Approximately 85% of the worlds population is in developing countries where only ~4,000 radiation oncology machines are installed. Due to the absence of effective prevention, early detection and screening services, as well as lack of adequate diagnostic and treatment facilities, most cancer patients in these regions are left without any access to treatment. Further, with only a few machines installed to treat new patients, the costs associated with treatment contribute to the global inaccessibility of cancer services in most countries. However, increased prosperity in developing nations is also raising the demand for better care in oncology. While cancer is the second most common cause of death in the browse around these guys U.S. after heart disease, an increasing number of people are surviving the disease lately due to the advancement in early detection. NCI statistics indicate that breast cancer is the most common type of cancer followed by lung and prostate. Breast, prostate and lung cancer patients make up more than half (56%) of all patients receiving radiation therapy. Linacs are employed in 90% of radiation treatments and patients undergo thirty treatments on average. Utilization rates for radiotherapy are expected to increase in both emerging and some of the developed European markets. According to the IAEA, globally there are currently around 13,400 radiotherapy accelerators providing both curative and palliative treatments to cancer patients with the largest concentration being in North America (4,242 systems, including Cobalt-60 systems). The number of accelerators per million people range from 12 in the U.S./Canada, 5 in Europe, to http://tylerramirezsafe.boxcrack.net/2016/07/30/targeting-strategies-nike-lays-a-number-of-strategies-to-target-their-immediate-consumers-athletes-and-other-sportsmen 0.9 in Asia and 0.3 in Africa. View photos Cobalt-60 units have traditionally been considered to be cheap and robust in cancer clinics in developing countries. However, sophistication in technology has increased their purchase price and maintenance cost. After the 9/11, incident security concerns have limited their transport. View photos The need for cancer treatment using radiotherapy is growing. Since Linacs are operable for ten to twelve years and the mature markets are primarily ripe for replacement systems, they will need to be replaced continuously, especially in regions where proton therapy machines are not viable. Installed Base: The firm installed four units at four leading cancer centers in the U.S. including Washington University and Siteman Cancer Center at Barnes-Jewish Hospital, University of California, Los Angeles Health System and Jonsson Comprehensive Cancer Center, University of Wisconsin Carbone Cancer Center and Sylvester Comprehensive Cancer Center at the University of Miami. VRAY has two units installed outside the U.S. at Seoul National University in Seoul, South Korea and at VU University Medical Center in Amsterdam. FINANCIAL ANALYSIS Revenue: Product revenue consists of sales of MRIdian systems, as well as optional components, such as additional planning workstations and body coils. In addition to the capital equipment, the firm offers maintenance service at no cost to customers to cover parts, labor and maintenance for one to two years. In addition, the firm offers multi-year, post-installation maintenance and support contracts that provide various levels of service support. These post-installation contracts are for a period of one to five years and provide services such as 24/7 on-site parts, labor and preventative maintenance. The company also offers technology upgrades to the MRIdian systems, if and when available, for an additional fee. Product revenue is recognized when the system is delivered and installed. Service revenue is recognized on a straight-line basis over the term during which the contracted services are provided.
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Wood brings more than 20 years of experience in physician services management, finance, and business development where he spent the past decade in leadership roles click to read with MEDNAX ( MD ). Im very pleased to be leading this opportunity to significantly improve our healthcare delivery system and bring added value to the InTouch Health services portfolio, stated Mr. Wood. As part of launching our InTouch Physicians Services division, Im thrilled to announce the acquisition of AcuteCare Telemedicine (ACT). ACT was founded in 2009 by four highly experienced tele-neurologists: Matthews W. Gwynn, M.D.; Lisa H. Johnston, M.D.; James M. Kiely, M.D., Ph.D.; and Keith A. Sanders, M.D. ACT has grown to provide tele-neurology services in eight states and multiple healthcare systems, and is known as a leading practice-based provider of telemedicine services for hospitals seeking around-the-clock stroke and urgent neurological care. The acquisition of ACT is InTouch Healths significant step in the expansion into physician services.
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