Technology as a Service: Lifecycle technology asset management for healthcare equipment
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According to Becker’s Hospital CFO Report, Hospitals spend $93 billion per year on medical equipment lifecycle costs – all the activities related to the purchase, support and disposal of medical equipment and technology. Due to a lack of accurate information, internal resources, bandwidth, and specialized expertise, even the most diligent hospitals are missing savings of as much as 12-16% of their entire medical equipment lifecycle costs – or $12,000 per bed per year.
It is clear that for every healthcare institution, keeping technology up to date is a significant investment but also an essential component in quality healthcare delivery. In fact, it has become a key differentiating factor in improving patient care, and establishing a competitive advantage. Yet successful management of a broad installed base of hardware and software is highly challenging and has brought the discipline of lifecycle technology asset management to the top of the leadership agenda. In this article we explain the benefits of Technology as a Service and how to move from cost-increasing to cost-reducing and security enhancing technology with subscription based hardware and software upgrade program.
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