FSI has launched CMS Capital Planning, a tool that allows healthcare systems to budget and plan capital allocation specifically for asset repairs and replacements using data linked to FSI’s Custom Maintenance System (CMS) suite of products.

CMS Capital Planning centralizes asset information, such as condition, replacement costs, and end of life, in one dashboard. Additionally, users can access historical repair and maintenance costs to make data driven decisions in the preparation of the annual budget for capital dollars.

Armed with this information, facilities and HTM departments can advocate on behalf of their department to leadership, putting digestible data in front of stakeholders in order to save revenue and continue to provide excellent patient care.

“There has never been a convenient, cost effective and centralized way for hospitals to collect, analyze, manipulate and export key data points to provide their department’s capital plan for use in the larger hospital planning process,” said Joe Stockman, director of product experience at FSI. “Therefore, FSI is really taking the lead in the industry to provide a comprehensive software tool to those who want to use data for smart financial decision making.”

With historic asset data, CMS Capital Planning aims to help healthcare systems save revenue and reduce risk, by allowing facilities and HTM departments maintain compliance and ensure assets are always in the best working condition.

CMS Capital Planning is an optional add-on to FSI’s CMS Core product, which allows for seamless integration between the asset information collected everyday by technicians in CMS and the data points necessary for utilizing CMS Capital Planning’s features.

Launched in 2002, FSI offers a purpose-built CMMS specifically for healthcare-managed operations. FSI’s 1,000+ hospital segments rely on a full suite of services and software that empowers their teams to use data to make smart decisions: including on-site data collection, barcoding, and CAD services.

Photo 170262829 © Ri luck | Dreamstime.com