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Related Experiment Videos

Asset management in theory and practice.

J D Mace1

  • 1Grant/Riverside Methodist Hospitals, Columbus, OH, USA.

Radiology Management
|April 7, 1998
PubMed
Summary
This summary is machine-generated.

Implementing strategic asset management for capital-intensive imaging equipment can significantly reduce costs. A case study in three hospitals demonstrated immediate savings through a structured vendor evaluation and a blended approach with original equipment manufacturers (OEMs) and independent service organizations (ISOs).

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Area of Science:

  • Healthcare Administration
  • Biomedical Engineering
  • Operations Management

Background:

  • Managing capital-intensive medical imaging equipment presents significant administrative challenges.
  • Effective asset management is crucial for cost reduction and operational efficiency in healthcare facilities.
  • Shared risk models between facilities and service providers are essential for successful equipment lifecycle management.

Purpose of the Study:

  • To investigate and implement cost-saving strategies for capital-intensive imaging equipment management.
  • To evaluate different vendor management approaches, including original equipment manufacturers (OEMs), independent service organizations (ISOs), and in-house clinical engineering.
  • To assess the impact of a structured vendor evaluation process on cost reduction and service quality.

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Main Methods:

  • A cross-functional team from three hospitals evaluated various asset management options.
  • A vendor evaluation process was developed to score providers on cost-reduction potential, quality, and implementation skills.
  • A hybrid service model was implemented, utilizing multivendor service providers, time-and-materials for OEMs, selective ISO engagement, and an expanded in-house clinical engineering role.

Main Results:

  • An initial contract with multivendor service providers guaranteed a 20% reduction in the annual equipment budget.
  • Projected additional savings of 2-5% were anticipated.
  • The expanded role of in-house clinical engineering improved response times and generated further savings.

Conclusions:

  • A strategic, multi-faceted approach to asset management can achieve substantial cost savings in imaging environments.
  • Careful vendor evaluation and a flexible service model are key to optimizing equipment management.
  • Integrating in-house clinical engineering services can enhance efficiency and reduce overall costs.