
Is your medical device inventory carrying hidden costs?
Visibility of clinical assets is a major hurdle for many systems to maximize the value of their investments.
Maintaining financially sustainable clinical operations can seem like an impossible dilemma. Healthcare leaders are searching for any opportunity to drive efficiency without sacrificing patient care to combat the challenges that threaten their entire industry.
Download our white paper to learn how healthcare executives can drive cost-effective medical device management strategies that make resources more available and impactful for patient care.
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HISTORICALLY LOW MARGINS
Average hospital margins were less than 1% in 2023.1
RISING COSTS
Inflation and supply chain disruptions continue to cost health systems more than ever.2
UNCERTAIN REVENUE STREAMS
Shifts in reimbursement are not keeping up with the costs of care.3
There are more options for improving financial performance than just cutting expenses or deferring capital spending. Medical device inventories are major investments and continue to grow with the essential role of technology in health care and the transformation of healthcare organizations. Poor visibility of these assets can keep health systems from realizing their full value.
With a combination of technology tools and governance-based processes, health systems can tap into more actionable insights on how their medical devices are impacting their clinical operations. Stakeholders on every level, from clinical engineering to the C-suite, can identify inefficiencies, reduce waste, and maximize utilization.
- Hospitals can expect weak margins for the rest of 2023, and into 2024, Chief Healthcare Executive, 2023
- Perspective: Climbing Costs and Rising Inflation Challenge Hospitals’ Ability to Provide Care, American Hospital Association, 2022
- Medicare Advantage insurers face slight proposed cut to 2025 payments, STAT, 2024