Jove
Visualize
Contact Us

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).

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

First-time CRA exam to be offered at annual meeting.

Radiology management·2002
Same author

Making the most of working with a consultant.

Radiology management·1999
Same author

Equipment acquisition using various forms of leasing.

Radiology management·1998
Same author

Analyzing lease/purchase options.

Radiology management·1998
Same author

Process redesign: making your film library work for you.

Radiology management·1996
Same author

Managing multiple departments: isn't more really the same?

Radiology management·1996
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

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.

Related Experiment Videos

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.