Healthcare’s Need for Spend Control
Everyone in the healthcare managements knows that spend control is an issue that needs to be addressed. However, they have yet to create a process or formula that has made any significant impact.
Articles about the best way to review, negotiate, and understand service contracts in healthcare.
Everyone in the healthcare managements knows that spend control is an issue that needs to be addressed. However, they have yet to create a process or formula that has made any significant impact.
We will be dedicating the next few blogs to a series covering the newest FDA report (May 2018) concerning equipment service and quality pertaining to third parties. The main reason we want to focus on this publication is that is and will become a landmark document in the fight for the right to repair.
As we are all aware, there is a continuous strain on hospital budgets. Often time we see them decrease annually while at the same time, expectations of staff and service are increasing from a regulatory standpoint. That leaves the clinic managers, facility managers, and biomed technicians with the ultimate responsibility to do the impossible.
One of the best things a business can do to improve its equipment management program is to invest in software to keep track of maintenance, repairs, and cost. The information tracked by the system can provide your staff with the tools it needs to ensure that repairs are being done on time as well as document the cost and timeliness of the repairs.
There are several other contract types that can be negotiated with third parties and OEMs. You need to ask for all the options available and see which one fits your needs best.
Bigger companies are able to afford expensive software, sub contract with large third party solutions, and have full time employees dedicated to actively finding solutions to reduce equipment life cycle management costs.
There are countless industries that operate on the backs of expensive, high-tech equipment. To keep these companies running as efficiently as possible, owners and facility managers develop strategies to manage the astronomical cost associated with the maintenance and repair of the assets.