In the newly released The Value of Radiology, Part II report, The Conference Board of Canada calculates that excessive wait times for radiology services (CT and MRI diagnostics) cost the Canadian economy $3.54 billion in lost productivity each year. In addition, the investment needed for modernization of Canada’s medical imaging equipment is $4.4 billion between now and 2040.
“The insights in this report provide important information for policy makers and for Canadians because it evaluates current wait times for radiological procedures as well as the future supply and demand for medical imaging equipment,” said Matthew Stewart, Director, Director Economics. “In other words, it provides insight into the future of our health care as our population ages”.