AVENTURA, Fla., Nov. 12, 2015 /PRNewswire/ -- RAD Technology Medical Systems (RAD) has added a new patent to its expanding portfolio of modular building technologies for cancer treatment facilities. Issued by the United States Patent Office on October 27th, 2015, the patent protects specialized means and methods to construct high energy radiation vaults. RAD also received a patent earlier this year on its Temporary Radiotherapy Vault or TRV this past May. http://radtechnology.com/news/rad-technology-medical-systems-announces-new-patented-technology-to-assist-cancer-patients-and-cancer-facilities-alike/
About two thirds of all cancer patients benefit from radiotherapy treatments according to the American Society for Radiation Oncology or ASTRO. https://www.astro.org/News-and-Media/Media-Resources/FAQs/Fast-Facts-About-Radiation-Therapy/Index.aspx
"With an expanding global demand for radiotherapy and the facilities required to house the equipment and patients, new approaches to alleviate the challenge are being welcomed by the industry," according to John Lefkus, RAD's President. "The modular approach offers unprecedented flexibility compared to conventional concrete and concrete block construction."
The RAD approach is driven by three key values.
- Time: The solutions offered by RAD can be delivered in one third the time of traditional construction methods. This impacts patient accessibility to the latest care and gives institutions a hedge over competitors looking to enter their market. RAD can install its TRV cancer facility and perform a radiation survey with its pre-commissioned linac in just 5 days.
- Technology: The modular technology also provides significant value and flexibility. In traditional construction, both the shielding and machine requirements are cast into the concrete structure. RAD offers a component approach to equipment installation facilitating future upgrades along with a shielding method that can be modified without the cost and disruption of expensive lead and high density block solutions.
- Unique Financing: One of the most distinctive values is the financing approach the RAD solutions offer. The modular system transforms the financing opportunities significantly. A recoverable asset, without destructive demolition, can be treated as equipment or tangible personal property allowing operational leases to be structured for large institutions not seeking to deploy capital or wishing to avoid further impairment of their balance sheets with debt.
New revenue opportunities can be stalled during the arduous and lengthy struggle to free up capital. With an off balance sheet lease made possible by RAD's patented modular technology, institutions can develop facilities and services, open new markets and start generating revenue within a few months without debt impairment, bypassing the months or years it otherwise takes for capital funding to be available.
The struggle in social medicine countries is even greater; it can be the difference between life and death.
According to The Lancet Oncology Commission's report presented at the 2015 European Cancer Congress in Vienna, Austria, low and middle Income Countries have 80% of the global cancer burden but only 5% of the resources for cancer control. This illustrates the potential international demand that may benefit from the patented RAD modular system. http://www.eurekalert.org/pub_releases/2015-09/tl-tlo092315.php
"With the US a leader in cancer care, we recognize the opportunity to export RAD facility expertise abroad to both industrialized nations and middle and low income countries." Lefkus adds, "RAD is well positioned to develop in these global markets with leases or managed services contracts."
The specialized nature of high energy radiation facilities is not normally a local expertise. Couple this with uncertain clinical resources, the flexibility of the RAD modular approach allows for recovery and relocation if the local market or support erodes.
About RAD Technology Medical Systems LLC
RAD Technology Medical Systems provides revolutionary modular radiotherapy vaults and cancer care clinics that can be used as temporary, interim, or permanent facilities. These turnkey solutions are factory-fabricated, eliminating the need for lengthy on-site construction projects, and giving patients access to new treatment options in a matter of weeks or months instead of years. For more information, please visit www.radtechnology.com
SOURCE RAD Technology Medical Systems LLC