Healthcare Business Review Weekly Brief
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Hospital asset management is becoming more proactive, driven by advanced technologies like predictive analytics.
Predictive maintenance is one of the key trends gaining traction. Techniques like vibration analysis and oil analysis are helping monitor medical device conditions and predict maintenance needs before failures occur. Hospitals are also implementing asset-tracking technologies like radio frequency identification (RFID) and real-time location systems (RTLS) to locate devices quickly and monitor their usage.
Another prominent trend is the implementation of advanced data analytics. Hospitals are now leveraging asset management data like lifecycle costs and utilization rates to uncover insights for optimizing asset acquisition and gain maintenance strategies.
Driven by these trends, the global hospital asset management market is projected to reach $69 billion by 2033, growing at a CAGR of 16.8 percent.
This edition of Healthcare Business Review brings insights into the latest developments in the Healthcare industry and how companies align with the latest trends in healthcare solutions.
It features a thought leadership article from Mike Busdicker, System Director, Clinical Engineering at Intermountain Health, who sheds light on the accelerated changes within healthcare technology management (HTM) in the last two decades. It also features an article by Arthur Kurland, director of Capital and Asset Management at University Health, who highlights how effectively managing personal property could lead to cost savings for hospitals and other organizations.
In this magazine, we also bring you the story of the top hospital asset management companies. A noteworthy story is that of J&J Worldwide Services. This well-established company provides support to medical facilities in managing a complex inventory of medical devices and systems. The company conducts preventative maintenance and repair on medical equipment to minimize downtime and malfunctions.
In this edition featuring the Top Hospital Asset Management Services Providers 2024, we hope you find the right partner to meet your organization’s needs.
Usually, the qualified subscribers of our magazine nominate companies with whom they have collaborated and experienced exceptional results to be in this list. Did a company you recently worked with give you stellar results and ROI? Did it turn out to be one you would wholeheartedly recommend to peers? Or do you know of such an outstanding company through your network? Please fill in the details below and nominate them to be featured here.
J&J specializes in addressing critical missions worldwide through its healthcare and medical, mission support, and engineering divisions. Its portfolio encompasses comprehensive operations and maintenance services across premier medical treatment facilities like Brooke Army Medical Center, Walter Reed National Military Medical Center, and Landstuhl Regional Medical Center, serving as pivotal institutions within the Defense Health Agency.
BRG Office Movers™ is a leading nationwide office and industrial moving, storage, logistics, and project management company. They specialize in managing the complexities of time-sensitive moves through expert planning, project management, installation, and asset management. BRG Office Movers™ deliver efficient and cost-effective customized relocation solutions and services with minimal interruption to offices, laboratories, hotels, healthcare facilities, or educational institutions.
Camcode specializes in Asset Tracking, Management & Identification Services, drawing upon more than 60 years of experience in asset and data tracking. Through the utilization of Camcode’s tailored and extensive asset identification solutions, organizations can produce dependable asset data, streamlining workflows and enhancing the accuracy, efficiency, and productivity of business processes.
Cypress West Partners is a privately held investor, developer, and owner-operator of commercial real estate, specializing in quality healthcare-related assets across the US. They believe that the greatest opportunity in healthcare lies in aligning with like-minded project partners and implementing with the highest level of real-time real estate experience and knowledge.
EMSAR is an award-winning independent service organization dedicated to improving healthcare by providing high-quality, reliable, on-time services. Their offerings include a full range of asset management, compliance documentation, biomedical maintenance, corrective action, repair, and installation services.
An investor hires ETROS to consult with their existing senior housing management company. ETROS then acts as the asset manager, defining strategy, direction, and goals for the communities under management. No changes are made to the operations, branding, or employees.
ICL Sales focuses on conducting large-scale hotel and resort liquidations, which is a complex task. Their proven methods of remarketing equipment and contents, both individually or in bulk, reach domestic and global markets. They consider unique financial and community issues in every project. ICL maximizes recoveries and liquidity by utilizing the latest asset disposition technology. They handle projects of any size with responsive proficiency and determination for economic success.
iMedical Healthcare Solutions is at the forefront of medical technology, developing software applications to transform how healthcare facilities manage their medical equipment rental, asset disposition, and asset transfer and reallocation.
Joerns Healthcare provides an Asset Management Solution that uses the Connexio platform to make sure equipment is used well and that downtime and service costs are kept low. It helps keep track of where equipment is and how it’s used, making it easier to assign resources and keep things running smoothly. This system helps improve patient care, keep staff safe, and make operations more efficient.
Pointcore® is one of the nation’s leading healthcare organizations, bringing decades of experience in managing technology, healthcare technology, supply chain, and construction for hospitals and clinics of all sizes. This allows their clients to focus on delivering the best care possible.
