Healthcare Asset Management Companies Boost Operational Efficiency

Healthcare asset management companies are revolutionizing the way healthcare facilities manage their assets, and it's all about boosting operational efficiency. By streamlining processes and reducing costs, these companies are helping healthcare providers focus on what matters most – patient care.

With a centralized inventory management system, healthcare asset management companies can track and manage assets in real-time, reducing asset downtime and increasing utilization rates. This can lead to significant cost savings and improved patient outcomes.

Healthcare asset management companies are also helping facilities extend the life of their assets through regular maintenance and repair. By identifying potential issues before they become major problems, these companies can help facilities avoid costly repairs and replacements.

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Healthcare asset management is a highly organized system that plans, acquires, maintains, uses, and disposes of machinery, equipment, and physical assets in healthcare organizations.

It's a broad scope that includes ward management, layout, facilities management, intensive care, surgical care, and more.

Effective hospital asset management aims to make the best use of physical resources to improve patient care quality.

The healthcare asset management market has been growing rapidly, with an expected reach of USD 35.19 billion by 2023.

This growth is driven by increased attention on managing current assets and workforce, forcing many healthcare facilities to adopt efficient asset management technologies.

The market is expected to grow at a CAGR of 31.4% from 2017 to 2023.

Having efficient asset management in place can greatly benefit healthcare organizations. By tracking and locating assets in real-time, medical staff can spend less time searching for equipment, allowing them to focus on patient care.

With asset management, hospitals can reduce procurement costs to replace lost or stolen equipment, and ensure accurate usage and performance data of their assets. This can lead to significant cost savings and improved inventory management.

Implementing a health asset management tool can also improve patient safety by reducing the risk of Healthcare-Associated Infections (HAIs) that can occur when equipment is not properly maintained or cleaned.

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Here are some key benefits of healthcare asset management:

By having a clear understanding of how assets are used and performing, hospital management can create plans of action to reduce waste and expenses, ultimately leading to improved patient care.

Partnering with healthcare asset management companies can be a game-changer for your medical facility.

A single mistake in asset management can radically alter your company's forecasts.

Investing in the right asset management tools can improve the efficiency and quality of your healthcare environment.

In light of COVID-19, keeping your assets sterile is crucial to patient care and preventing potential risks.

By partnering with a healthcare asset management company, you can ensure your assets are properly managed and maintained, reducing the risk of errors and improving patient outcomes.

Healthcare asset management companies have made a significant impact on hospitals and healthcare systems.

Real-time alerts have been shown to eliminate lost and stolen equipment, keeping high-value assets within designated areas.

Preventive maintenance is crucial in hospital environments, and a streamlined system can help keep up with individual work orders.

A clinical asset management system can help track assets, allowing doctors and nurses to spend less time searching for equipment during medical procedures.

Over 30% of NHS nurses in the UK said they spent around an hour looking for equipment during medical procedures, costing about £900 million in wages annually.

Less time spent searching for equipment means more time for patient care, resulting in happier patients and staff.

Right-sizing your fleet can be achieved with easy-to-find assets and in-depth data about utilization rates, helping you rent and buy only the equipment you truly need.

TheWorxHub has been praised by a rural health system for meeting the needs of biomedical and facilities, and providing a mobile app that technicians have fallen in love with.

With a clinical asset management system, you can easily track your assets, prevent hospital-associated infections, and keep patients safe.

Care New England, a Rhode Island health system, has seen the benefits of a streamlined system for managing and tracking work orders and ongoing maintenance across its facilities.

Fully managed services, such as those offered by Vizzia, can provide peace of mind and support after launch, helping you do more for your patients, staff, and bottom line.

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Optimizing facilities and CMMS/EAM operations is crucial for healthcare asset management companies. Automating work order scheduling, hospital asset management, and compliance reporting can significantly streamline operations.

Unifying communication across requesters and technicians is essential for efficient operations. This can be achieved through mobile CMMS apps that allow data to be viewed and input from the floor.

Streamlining work order scheduling and preventative maintenance is vital for reducing downtime and increasing productivity. With the right software, technicians can focus on what they do best – providing care.

Virtual Reality can help retain and facilitate knowledge in an aging workforce. This technology can be a game-changer for companies looking to reduce knowledge gaps and improve efficiency.

Here are some key benefits of optimizing facilities and CMMS/EAM operations:

By implementing these strategies, healthcare asset management companies can improve efficiency, reduce costs, and provide better care to patients.

Ensuring a safe and compliant environment of care is crucial in healthcare facilities. Automated reporting can be a game-changer, allowing you to effortlessly comply with regulations from any mobile device.

You can automate reporting for the Joint Commission (JC), Occupational Safety and Health Administration (OSHA), and beyond. This means you can focus on providing care rather than dealing with paperwork.

Direct access to PM, asset inventory, and maintenance histories across facilities is also a must-have. This transparency helps you identify potential issues before they become major problems.

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By using a user-friendly, cloud-based mobile app, you can easily manage compliance and stay on top of maintenance tasks. This ensures a safe and healthy environment of care for patients and staff alike.

Our goal is to make the transition to a new healthcare asset management system as smooth as possible. We'll teach key staff how to use the software, including how to find equipment, set up alerts, and create custom reports.

We'll also support you as you launch your new system, assuring a seamless transition. This includes providing ongoing support to ensure you get the most out of your new system.

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