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Clinical Asset Management: Four Reasons Healthcare Facilities Struggle

More than 6,000 hospitals are there in the United States, and each one gets equipped with hundreds, if not tens of thousands, of clinical resources. 

Clinical Asset Management: Four Reasons Healthcare Facilities Struggle

By

Healthcare Business Review | Wednesday, July 06, 2022

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When hospital employees are responsible for each piece of equipment's monitoring, repair, and maintenance, managing it becomes a challenging undertaking.


Fremont, CA: More than 6,000 hospitals are there in the United States, and each one gets equipped with hundreds, if not tens of thousands, of clinical resources, including imaging equipment, ventilators, and IV pumps. When hospital employees are responsible for each piece of equipment's monitoring, repair, and maintenance, managing it becomes a challenging undertaking.


Even a tiny error might become disastrous. Errors may increase costs unnecessarily, jeopardize patient care, and drain the time and energy of hospital employees. Finding the system's weaknesses inside its asset management starts the process of preventing such problems. Unfortunately, clinical asset management is a problem for healthcare institutions in a few key ways.


• Inventory visibility is inadequate


The lack of a "single source of truth," or a single, centralized inventory system, is a common cause of difficulties with clinical asset management. The hospital is therefore uncertain of the precise amount of its clinical assets. This diminished visibility may be harmful. Based on the medical equipment inventory, several other choices are made. Making data-driven, strategic decisions on spending and planning is impossible without a thorough awareness of the devices at their disposal.


Hospitals with clinical asset management issues face the second problem frequently with inadequate inventory visibility.


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