Save Time and Money with Big Data Solutions for Medical Equipment Planning

Medical equipment capital planning is a challenging area lately with reduced capital and intense prioritization. Many hospital systems are currently struggling to track equipment, maintain an updated inventory, and proactively budget for replacement. 

To compensate, management relies entirely on staff to identify problem assets, escalate the information to their operations teams, and hope that there is available capital budget. However, the staff often do not have any way of planning for replacement in a systematized or automated fashion, and they default to highly manual, ad hoc methods to replace critical equipment once it is already causing issues for them on the ground.  

Today, Big Data and Robotic Process Automation (RPA) solutions are available to assist with many of these operational failures. These solutions embed advanced analytics into an easy-to-use solution to speed up the process and improve quality of the capital planning process.  

Improving data confidence and availability

In a study of more than 300 hospital systems, 67% of managed assets are missing purchase costs while 50% are missing life expectancy data. Large gaps in your data like this make it virtually impossible to determine your greatest equipment needs.  

Advances in Big Data technology can rapidly solve this problem, and capabilities exist to automatically clean, standardize and enrich your data. In addition, formulas can be developed for the scoring of replacement priority of devices by pulling in external data such cybersecurity risks, end-of-life dates, and life-expectancy data. The clean and enriched data can be published and readily available through a cloud solution that can be easily accessed by anyone in your hospital system.

Simple interface to quickly manage all your thousands of medical devices

A typical hospital system manages thousands of different models, categories and manufacturers of medical equipment.  Reviewing this amount of data each year is cumbersome and time consuming without the proper tools. Robotic Process Automation (RPA), enables organizations to automate repetitive processes at a fraction of the cost and time previously required.  Using RPA-enabled tools, hospital systems can rely on intelligent automation to bundle similar items together, color code the priority level, and provide a simple interface to create and update a 5-year, rolling capital plan.

Investing in equipment is consistently one of the top priorities at every hospital system with the average hospital system managing hundreds of millions of dollars of medical equipment. With minimal investment in time, big data and RPA solutions can help you make the best of your capital so you can focus on your staff, your patients and your evolving healthcare strategies.  

To learn more about intelligent medical equipment planning solutions, visit us at Accruent Data Insights.