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    Hospitals can accurately measure medical equipment service costs by forming a team, collecting data, using forensic accounting for true costs, and analyzing metrics for savings.

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    Area of Science:

    • Healthcare Management
    • Health Economics
    • Medical Equipment Services

    Background:

    • Accurate service cost measurement is crucial for hospital financial management.
    • Existing methods may not fully capture the total cost of ownership for medical equipment.
    • Optimizing service costs can lead to significant financial improvements in healthcare settings.

    Purpose of the Study:

    • To outline a structured methodology for precisely calculating medical equipment service costs.
    • To provide a framework for identifying cost-saving opportunities within clinical equipment services.
    • To enhance the financial accountability of hospital asset management.

    Main Methods:

    • Implementation of a four-step process for cost ascertainment.
    • Formation of a dedicated project team with defined scope.
    • Data collection and analysis using forensic accounting principles.
    • Key performance indicator (KPI) analysis for identifying savings.

    Main Results:

    • A clear, actionable four-step process for measuring service costs.
    • Identification of specific areas for potential cost reductions in equipment servicing.
    • Enhanced accuracy in financial reporting related to medical assets.

    Conclusions:

    • The proposed four-step methodology enables accurate service cost measurement for medical equipment.
    • Forensic accounting is a key tool for determining true service expenditures.
    • Systematic analysis of metrics facilitates the identification of substantial savings opportunities.