Health systems are under increasing pressure to reduce their costs. While many leaders often look to variable costs like labor and supplies, few are honing in on clinical assets like medical equipment, which have a huge impact on cost, quality and patient satisfaction. For example, a health system with $5 billion of annual patient revenue will typically own over 100,000 clinical
assets with an associated $100 million of annual capital expenses (CAPEX) and $75 million of annual clinical engineering operating expenses. Knowing what assets you own and how those assets are actually being utilized is at the root of knowing how to plan and manage both operating and capital costs. David Klumpe, President of Clinical Asset Management Solutions for TRIMEDX, discussed this topic with five provider executives at the Modern Healthcare Leadership Symposium on October 20, 2017.