Clinical Asset Management

Clinical Asset Management

Make Smarter Decisions with Capital Resources

Like many health systems, you may be dealing with decreasing reimbursement, shrinking operating margins, looming staffing challenges, and cybersecurity vulnerabilities. At the same time, care sites are shifting away from acute settings and presenting new challenges in managing medical device inventories. 

Amidst these pressures, your medical devices and support expenses could be seen as a necessary but substantial cost. By transforming medical devices and the teams that support them into strategic assets, you can drive greater financial savings while maximizing device availability to better support patient care and your providers. 

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0 .5%
increase in hospital operating expenses 2019 to 20223

Clinical assets account for 25 percent of health system capital expenses on average1 and 1 to 1.75 percent of all operating expenses. This substantial investment demands finding new ways to deliver value beyond day-to-day operations. With visibility to comprehensive data and analytics, health systems can leverage their inventories as strategic resources to meet operational and financial goals. 

Reducing Costs Through Clinical Asset Management

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25- 0 %
CapEx avoidance and deferral opportunity with our CAM Advanced program²
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10- 0 %
OpEx savings opportunity with our CAM Advanced program²
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20- 0 %

Return on assets sold above OEM trade-in value2

 
Clinical asset Management definition

Clinical Asset Management (CAM) Advanced Solution

With the TRIMEDX Clinical Asset Management (CAM) Advanced solution, it is easier to identify, aggregate, and expose major opportunities for financial and operational improvement within your clinical asset install base. CAM Advanced uses advanced prescriptive analytics and machine-learning capable algorithms to continuously evaluate your clinical asset inventory for optimization and savings opportunities across all your sites of care. Through TRIMEDX’s Clinical Asset Informatics, these opportunities are automatically aggregated and exposed for increased visibility.
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Your clinicians are requesting new or additional equipment. Yet equipment and labor costs are rising across different sites of care—squeezing your budget. What if you could make smarter CapEx and OpEx equipment decisions while improving clinician satisfaction? With TRIMEDX, you'll maximize your capital investments and minimize operating costs to unlock the full potential of your clinical assets. A comprehensive clinical asset management solution can help answer these challenging questions: 

  • How many clinical assets do I actually own?
  • Am I fully utilizing my clinical assets?
  • How much am I spending on rental equipment?
  • How many medical devices do I actually need?
  • Are my devices in the right locations to meet demand?
  • Where are my clinical assets located?
  • Do I have enough medical equipment to meet patient demands?
  • When should I replace my clinical assets?

White Paper

Leveraging a clinical asset management solution to optimize capital planning

A nationally recognized academic medical center was looking to improve its capital planning process to optimize its clinical asset inventory and drive savings. They turned to their clinical engineering provider, TRIMEDX, for help to implement a comprehensive clinical asset management solution. As a result, the health system was able to save millions of dollars, implement a sustainable capital planning process, and improve communication between administration and clinicians.

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optimizing capital planning with clinical asset management

Resource Guide

Actionable insights that drive financial improvements

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Thumbnail- Resouce Guide- Clinical Asset Management- 2023

IMPROVE INVENTORY ACCURACY WITH
REAL-TIME LOCATION TRACKING

Knowing where medical devices are located may seem like an obvious requirement for maximizing their utilization and value. Yet many health systems struggle to track growing inventories. This challenge is compounded at large health systems with devices moving across multiple facilities. Misplaced and untracked devices can add to clinician workloads, delay patient care, and lead to inefficient spending on additional equipment.
TRIMEDX GeoSense RTLS

Some health systems attempt to improve the accuracy of their inventory tracking with systems that are labor-intensive for staff, require significant capital investment, or increase the burden on their network infrastructure. Now, clinical teams can locate and access the devices they need faster and more easily with TRIMEDX GeoSense, a Real-Time Location System designed specifically for healthcare. With room-level accuracy, lightweight wireless infrastructure, and an intuitive mobile user experience, clinicians & medical device inventories can better serve patients. 

Clinical Engineering

Clinical Engineering

Reduce operational expenses while empowering your technicians

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Device Safety And Security

Cybersecurity

Improve your medical device security posture

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