Medical Equipment Maintenance Market Slated to Reach $45.1 Billion by 2030
Advancements in medical devices, tougher patient safety regulations, and preventive maintenance are driving market growth, according to market research firm P&S Intelligence.
Category: Maintenance Costs
Maintenance Costs
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Maintenance Costs
Latest
Examining COSR for All Medical Equipment
In the latest installment of The LynchPin, biomedical expert Patrick Lynch delves into a simple tool that weighs the annual cost of maintaining a device against its original sales price: the cost of service ratio—aka: COSR. Lynch shares his—perhaps divisive—thoughts on this model below.
Maintenance Costs
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Equipment Replacement 101: A How-to Guide
In recent PrepTalk columns, John Noblitt discussed the process of purchasing new equipment and the need for these purchases to fit into an organization’s strategic plan. In January’s installment of PrepTalk, Noblitt shares information about equipment replacement purchases—and how such information could show up on the Certified Healthcare Technology Management exam.
Effective Capital Equipment Planning Begins with Inventory
At the annual conference of the California Medical Instrumentation Association on January 17, Joseph Dysko said that capital equipment planning represents the biggest opportunity for HTM professionals to become more involved with the C suite.
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Winning the Cost-Effectiveness Battle
The best ways of meeting demands to cut HTM expenses are often not the obvious ones. With persistence, careful analysis, and a willingness to experiment, HTM departments can reduce costs while increasing their effectiveness.
Read MoreFive Steps to Lowering Equipment Costs
Although every hospital is unique and no two solutions will look exactly alike, taking a holistic approach and improving workflow efficiency and productivity across the entire equipment lifecycle can yield significant savings of up to $5,000 per bed.
Read MoreImproving Quality and Saving Costs with Flexible Service Agreements
The amount of service coverage and risk that a hospital assumes on a piece of equipment often depends on the ebb and flow of business and revenue. Flexible service contracts allow biomedical departments to respond to such fluctuations by increasing or decreasing coverage.
Read MoreRe-Engineering Parts for Ultrasound Cost Savings
Repairing ultrasound equipment and systems with re-engineered replacement parts is a cost-effective way to help maximize the life of equipment and save healthcare facilities from 40% to 50% of the replacements costs charged by OEMs.
Read More5 Tips for Controlling Costs in Hospitals and Biomed Shops
Effective cost control practices for biomedical departments require investments up front, but will pay off in the long run through increased efficiency and better equipment management.
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Service Solutions: Driving the Costs Out of Probe Repairs
One out of every 4 ultrasound probes in clinical use is defective. If the defects are found early enough, 75% of the probes can be repaired. And repairing instead of replacing can result in cost savings versus replacement of as much as 60% to 70%.
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Soapbox: The CMS Directive: The Other Side of the Coin
There is a huge uproar in the clinical engineering community about the latest directive issued by the CMS regarding hospital equipment maintenance requirements. This commotion comes in different shapes, sizes, and forms.
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A Look at EHR Systems
In this installment of the “Networking” column, electronic health record (EHR) systems are considered from the perspective of general costs versus benefits.
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A Map for Success
Mixing a business approach with a patient-centric focus, the team at Thomas Jefferson University Hospitals delivers innovative and effective solutions.
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Unisyn Medical Technologies
Christopher M. Cone Lead with strength. Don’t overextend yourself. These are common refrains of the business world. They are also important pieces of advice that diagnostic imaging service company Unisyn Medical Technologies, Golden, Colo, has taken to heart. Since forming in 2009 after a merger of three companies, Unisyn has grown its business by focusing […]
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Balancing Service Costs and Risks
The cost of servicing and maintaining imaging equipment represents a large portion of a facility’s overall operating cost, and, in some cases, ranks second only to labor costs. The ultimate balance between cost and risk depends on many factors, such as the number of operating facilities, the complexity and age of imaging equipment, the hours […]
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