Average hospital operating margins have hit an all-time low – 1.6%. Hospitals are spending $93B per year on medical equipment lifecycle (MELC) and are missing savings as much as 12 to 16% due to “lack of accurate information, internal resources, bandwidth, and specialized expertise.”
In this session, participants will learn real-world approaches to:
- Prioritize, forecast and control capital and replacement expenditures for immediate and long-term budgets
- Improve patient care through streamlined processes, efficiencies, and cost reduction
- Quickly generate and update accurate equipment budgets
- Collaborate and centralize processes around capital equipment decisions
- Reduce expensive change orders and project completion delays
