6 DECEMBER - 2022The introduction of healthcare IT has rapidly transformed asset management in healthcare organizations. A well-organized hospital asset management strategy is integral to optimum utilization of physical assets to improve quality of care. According to a report by fortunebusinessinsights.com, the global healthcare asset management market was valued at $ 11,002.50 million in 2019 and is expected to reach $ 84,483.03 million by 2027, registering a CAGR of 28.9 percent during the forecast period. This rapid growth can be attributed to the rising demand for effective asset management technologies and solutions. With the introduction of wireless healthcare asset management solutions, healthcare firms can keep track of not only the patients and medical professionals but also their physical assets in real time. These wireless solutions enhance flexibility, scalability, and portability of systems. They enable healthcare organizations to easily search for their assets by indicating availability and room location, whether it is currently in use or free, as well as the sterilization status. With effective healthcare asset management, organizations can analyze data and trends to plan future expenditures, better coordinate orders and inventory, and prevent resource loss. Asset tracking tools equipped with barcode scanning software and mobile accessibility enable medical facilities to plan for critical equipment to be assessed and reduce equipment downtime.This edition of Healthcare Business Review delivers a bird's-eye view of the recent developments in the hospital asset management arena and insights into how organizations are aligning with these trends and adopting new ways to shape the future of healthcare asset management.We have curated thought leadership articles from industry experts, including the System Environmental Services Director at Baptist Health and the VP of Information Security & Infrastructure/Operations and CISO at Fairview Health Services.We also took a deep dive into the market trends to narrow down the list of companies delivering innovative, intelligent hospital asset management services and solutions. Equipped with innovative technological capabilities, the enlisted service and solution providers, such as Cypress West Partners and Metalcraft, help transform businesses at the cloverleaf of various disruptive technologies.We hope this edition of Healthcare Business Review's hospital asset management services and solution providers helps you build the partnership you and your organization need to foster an environment driven by efficient technology.Let us know your thoughts! Embracing Innovative Healthcare Asset Management SolutionsEditorialAlex D'souzaManaging Editoreditor@healthcarebusinessreview.comManaging EditorAlex D'souzaEditorial StaffAaron PaulJoe PhillipJames SmithMark RobertVisualizerCopyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.DECEMBER - 01 - 2022, volume 05 - Issue 24 Published by ValleyMedia, Inc. To subscribe to Healthcare Business ReviewVisit www.healthcarebusinessreview.com Disclaimer : *Some of the Insights are based on our interviews with CIOs and CXOsEmail:sales@healthcarebusinessreview.comeditor@healthcarebusinessreview.commarketing@healthcarebusinessreview.comImmanuelRonald Donovan
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