It always confused me. A hospital has an MRI or some other machine, and you hear they try to use it as little as possible to cut costs, because it costs them this or that amount per usage. But why would that be if they own it?
In: 379
It’s sort of like paying for a taxi ride. Why does a taxi cost money? The driver already owns the car, right, and you’re paying for far more than the just the fuel and some maintenance.
Sure, the taxi driver bought the car, so why are they charging so much? Well, say the driver bought the taxi for 50.000 dollars. And say that taxis last 10 years after which they need to be replaced. So in 10 years, the driver needs to have another 50k to buy a new taxi. For a full work week, 40 hours/week, 50 weeks per year, that’s 2000 hours of driving. 10 years x 2000 is 20.000 hours. So in 20k hours, the driver needs to make 50k dollars just to replace the car when it is too old to drive.
So for every hour the taxi driver runs his machine, he needs to save 2,50 dollars on top of all of the other running costs, which is just included in the price. And ideally, they’d save 5 dollars per hour, 2,5 to pay down the old taxi and 2,5 to buy a new one without having to take out a loan.
Latest Answers