Enhancing Healthcare Services Through Enterprise Asset Management

Most hospitals and healthcare units today struggle with the challenge of managing assets.

Missing equipment, the inability to track available assets, and over-purchasing assets are

some common asset mismanagement scenarios that adversely affect the budget, productivity,

and efficiency of a hospital.

Consider a scenario where a nurse unable to track infusion pumps wastes time looking for it

while the patient is left waiting in discomfort, and the hospital to prevent such situations from

happening ends up purchasing a additional infusion pumps. According to an article published

in the nursingtimes.net, 33% of nurses in hospitals spend at least an hour searching for

equipment.

Technology, today, can deliver solutions to manage assets in different facilities, hospital units,

and departments at the same or different geographical locations. Managing assets is now

much easier using Enterprise Asset Management (EAM) applications. EAM uses efficient

techniques for optimization and also assists in planning, ordering, and replacing assets.

Some of the reasons why you should implement an EAM application in your hospital are:

Enhanced Productivity

Productivity of the hospital staff is adversely affected when time is spent by them searching

for equipment instead of attending to patients. Additionally, when such equipment is hard to

locate, especially during emergencies like major accident or trauma situations, this could have

undesirable consequences, including loss of revenue to the hospital.

This brings us to Enterprise Asset Management solutions and Digital Asset Management, that

can help in gaining control. With built-in technology such as RTLS, RFID, and GPS based

tracking, it can save time and assist in finding lost equipment and assets quickly.

Reduced Costs

Buying additional equipment that are already in stock at the hospital will unnecessarily

increase costs. Commonly used equipment or assets such as infusion pumps are often

underutilized in hospitals. Managing these assets and purchasing just in time helps efficiently

utilize funds.

Asset Management Systems provide high-level visibility into equipment and asset stock

availability. Setting thresholds allow healthcare facilities to place orders when required and

auto purchase when threshold limits are crossed.

Increased Visibility

When different departments and floors use different systems to track operations,

synchronizing throughout the healthcare facility becomes impossible. This often leads to a

mismatch in asset tracking, which leads to a drop in effective utilization.

Asset Management Software can help hospitals integrate all relevant data across the facility.

You can access this data in real-time and increase visibility over various channels. In fact, you

can analyse future risks, track performance, and reduce unnecessary expenditure more

effectively.

Ensure Regulatory Compliance

Compliance is of the utmost importance in the healthcare industry, where human lives are at

stake. Repairing, maintaining, and changing critical pieces of equipment are essential in

hospitals and healthcare centers. With manual processes, these scheduled maintenance

tasks could end up being missed, which can raise non-compliance implications.

Digital Asset Management tools can regularly monitor and track healthcare equipment,

ensuring timely repair and services, and scheduled maintenance tasks.

Conclusion

With healthcare centers and hospitals looking to increase security and tighten the budget,

eliminating avoidable risks and expenditures is imperative. Asset mismanagement is one such

avoidable issue. Apart from legal implications, loopholes in asset management can lead to

negative financial impact and reduced productivity.

Implementing an Enterprise Asset Management system, like Pycube’s Asset Management

platform aktivu™, is a solution to effectively managing assets.

Posted on 2019-01-25 | pycube.admin

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