The overall cost of Magnetic Resonance Imaging makes it a huge investment to health-care providers. Aside from the initial cost of purchasing the MRI equipment, there is the additional cost of $800,000 each year on average to operate the scanner, including the expensive process used to chill the magnetic coils in the machine. Add to that the cost of hiring employees with the technical skills to operate and repair these sensitive machines, and the price tag quickly goes up more. Another critical consideration is the life cycle of a new MRI machine, which is typically assessed at about seven years. However, because of the high cost, most facilities try to get more in the line of 12 to 14 years of use out of the equipment. Even if a machine lasts longer, as it gets older, a scanner is likely to require repairs more often. Fortunately, keeping the scanner functioning and in good repair can extend the lifetime. Consequently, when compared to the high cost of purchasing a new machine every few years, the cost of making repairs is still significantly less.