UNLOCK THE FULL POTENTIAL OF YOUR CLINICAL ASSETS

PANDEMIC BURNOUT AND A SHRINKING TALENT POOL: The critical factor impacting patient safety and 5 approaches to help

Administrative burdens, staff shortages, heavier workloads, and stress are all adding to staff burnout, turnover, and declining job satisfaction. Despite the grim forecasts for worker shortages and a lingering pandemic, healthcare leaders can take several proactive approaches to fortify their biomed teams and drive clinical engineering performance.

Why Medical Device Cybersecurity hinges on far more than identifying risks

Effective cybersecurity hinges on a robust understanding of the importance of device inventory along with powerful analytics to guide clinical asset decision-making. Health systems can go a long way to ensuring medical equipment is proactively maintained, risks are properly managed, and device inventory is strategically leveraged to reduce costs.

Supporting financial health with clinical asset reallocation

One frequently overlooked strategic tool for health systems is their clinical asset inventory. Making sure the right medical equipment is in the right place at the right time is an ever-increasing challenge. 

A one-two punch against cyber threats: A clinical engineering provider working in tandem with a security operations center

The unique challenges of medical device cybersecurity present a high risk to healthcare providers. Complex equipment that requires specific expertise are increasingly being connected to the internet while cyber threats grow in scope, cost, and maliciousness. Learn how health systems can obtain full value in enabling a security operations center by coupling it with a clinical engineering services provider.

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.

Medical Devices At Risk: Gaps beyond cybersecurity protocols present vulnerabilities

A study of 100+ healthcare executives reveals the top three components necessary for a medical device security solution included real-time device monitoring, cybersecurity expertise, and remediation of vulnerabilities. Research indicates a lack of awareness of how clinical asset management can bolster defenses.

Medical Device Management: How to rein in elusive costs

Significant financial and operational improvements are the output of strategically managing your medical device inventory, however, reaping these rewards requires data, technology, insights, and structure.   TRIMEDX recently interviewed more than 100  c-suite healthcare executives to gain valuable insight into their unique needs. This research paper shares the awareness, perceived value, and use of medical device management services by healthcare executives. It introduces the need for three capabilities: technology-enabled clinical engineering, clinical asset management informatics, and cybersecurity to achieve results.  

Opportunities and Risks: How medical devices are maintained and managed

Hospital operating margins are under strain. A shortage of qualified technicians presents challenges. Medical devices increasingly are being connected to the internet while healthcare cybersecurity breaches are rising. Overlooked among these pressures and others is the scope of what a technology-enabled clinical asset management solution provides, new research suggests. By combining a robust understanding of device inventory with comprehensive clinical engineering and powerful analytics, healthcare systems can curb operating expenses and avoid unnecessary capital expenditures while ensuring medical device availability and supporting overall patient safety.

The impact of medical device availability on patient safety

Patient safety is a primary concern for all health systems and medical devices play a critical role in supporting the safe and effective delivery of patient care. Looking beyond the “break/fix” mentality of traditional clinical engineering services, health systems must consider ways to be more proactive and responsive for the safety of these devices, ensuring device availability, tracking device location to support delivery of care, protecting the security of medical devices and including safety of devices as a consideration in capital planning initiatives.

Optimizing Capital Expenditures: How Leading Providers Are Spending Wisely

Chris Dunkerley, CFO at TRIMEDX, sat down with four leading healthcare executives at Modern Healthcare’s 2019 Leadership Symposium to discuss their best practices and challenges in evaluating and facilitating enterprise capital investments. The discussion explored how leaders are thinking about their two most important assets, workforce and technology, and unlocking return on investments.

Five Costs You Don’t Typically Associate with Clinical Engineering

It’s easy to pinpoint certain areas of the hospital where spending habits could be improved. Maybe there’s a different brand of consumables that could save you money, or perhaps you’re overstated in a department that isn’t generating enough revenue. There are other areas, however, that require a closer look. One of those is clinical engineering […]

MEDICAL DEVICE SECURITY: WHERE TO START?

Cyberattacks on health technology are on the rise, raising the risks and costs associated with your connected medical devices and the data they hold, and, of course, raising worrying questions about patient safety. In this white paper, you'll learn how to reduce patient safety risks and costly violations.

Developing A Best-in-Class Clinical Engineering Department

Declining reimbursement and lower patient volumes are continuing to put pressure on hospitals to reduce spending and save money. Due in large part to the high visibility of costs related to equipment maintenance and repairs and capital acquisition, one of the first places many hospitals start looking for ways to save is in the clinical […]

Understanding The Regulatory Requirements for Documenting Medical Maintenance

In today’s hospital, there’s a significant gap between hospital risk management and clinical engineering. Clinical engineers are hired to maintain, repair and replace equipment but many times are also expected to oversee hospital risk management related to this equipment. In a typical hospital, there aren’t enough engineers and techs to adequately cover the risk management […]

LEVERAGING CYBER EXPERTISE TO COMBAT CYBERATTACK

Ransomware attacks alone rose 123% in 2021, costing hospitals over $21B. When your medical devices are locked or forced to be offline, time is of the essence. Learn how one health system partnered with TRIMEDX to start remediation in less than eight hours.

WAKE FOREST BAPTIST HEALTH LEVERAGES CAPITAL PLANNING RESOURCES TO OPTIMIZE CLINICAL ASSET INVENTORY

Wake Forest Baptist Health, a nationally recognized and fully integrated academic medical center and health system, needed a fact-based, governance approach to capital planning that allowed them to right-size their clinical asset inventory and prevent wasteful spending. The TRIMEDX team was able to help them analyze their inventory, prioritize asset replacements and develop a 10-year clinical asset management plan.

CLIENT SUCCESS: $78K+ FINANCIAL IMPACT WITH ASSET DISPOSITION

Ascension St. Vincent’s Riverside Hospital in Jacksonville, FL needed to remove surplus imaging equipment to transform the space into an outpatient imaging clinic. TRIMEDX was not only able to provide a fair market value analysis that maximized the cash return, but also manage the entire equipment disposition process. Click here to read the full case study of how Ascension St. Vincent’s Riverside Hospital was able to realize a positive financial impact of over $78K.

CLIENT SUCCESS: 30% Cost Reduction

Client owns a flow cytometer which had been historically serviced by the OEM on a time and materials (T&M) basis. Client was frustrated with the cost of repairs and poor response time from the vendor under the T&M relationship.

CLIENT SUCCESS: $10M Savings

A TRIMEDX Current State Assessment (CSA) conducted for a nine-hospital system with in-house clinical engineering program revealed >50% of baseline organizational repair spend was on OEM service contracts.

CLIENT SUCCESS: $500k CapEx Savings

Client had 10 year-old nuclear camera, years beyond AHA useful life. Device required new parts to keep it functioning. OEM parts quotation for repairs and parts was $100,000+.

Improving Equipment Utilization while Increasing Caregiver and Patient Satisfaction

In this case study, you will learn how one health system reduced risks and costs, improved performance, and recaptured nursing time drained by misplaced mobile equipment.

CLIENT SUCCESS: $115k Annual Maintenance Cost Reduction

TRIMEDX completed a flexible and rigid scope inventory for a new client which revealed 226 scopes in inventory. Inventory was reviewed with clinical staff and 106 devices were deemed unnecessary (46% reduction).

RIGHT TIME

The TRIMEDX team supports client’s Environment of Care and Capital Planning Committees. Radiology leadership requested CapEx dollars in upcoming annual budget for replacement of a nuclear camera presented as “old” meaning at its AHA useful life.

CLIENT SUCCESS: 20% Cost Reduction

TRIMEDX technicians worked with the department and vendor to change the equipment configuration removing one monitoring station and over 30% of the transmitters resulting in 20% cost reduction, savings of $500K in CapEx cost.

CLIENT SUCCESS: Identifying 30% Underutilization

TRIMEDX team reviewed IV pump utilization with care team at one facility and determined that 50 devices (30% of the organization’s fleet) was highly underutilized.

CLIENT SUCCESS: $2M CapEx Deferral

TRIMEDX supply chain and on-site technicians continue to source needed parts and perform PM’s and repairs to keep the fleet functioning. Extended device life has allowed client to defer more than $2M of CapEx replacement costs.

CLIENT SUCCESS: $500k CapEx Savings

TRIMEDX technicians support nursing team by transporting delicate instrumentation back and forth between sites to avoid the need for duplicate instrumentation, saving the facility more than $500K of CapEx.

HFMA Annual Conference

June 26, 2022 - June 29, 2022

TRIMEDX will lead a panel discussion with health system financial executives at the 2022 HFMA Annual Conference.

2019 TRIMEDX National Leadership Meeting

In Feburary, TRIMEDX leaders gathered in Indianapolis for "Blueprint for Success," the 2019 TRIMEDX National Leadership Meeting. See the recap here.

TRIMEDX Associates: Making a Difference

In a video first aired at the 2019 National Leadership Meeting, TRIMEDX associates share how their effort and talent directly impacts patient care and supports improved outcomes.

Drive financial improvements using intelligent clinical asset analytics

Capital planning is more critical than ever to health systems' financial success — health systems must ensure they have sound strategies to analyze their clinical assets. Watch our latest webinar with Becker’s Hospital Review.

Intelligent Clinical Asset Redistribution

This webinar discusses how your medical device inventory can be used as a financial lever in responding to the transition of care to non-acute sites and the subsequent changes in revenue models. Learn how technology and prescriptive analytics can support intelligent decision making to improve capital planning processes, driving financial savings as healthcare adjusts to new care models and financial pressures.

Strategies for optimizing medical device inventories amid COVID-19

The webinar discusses how to optimize your medical device inventory to reduce capital and operational expense while ensuring you have the resources to deal with a future health crisis.

How clinical asset management can be a source of stability

While clinical assets may not be the first item health systems consider when looking for support in the battle against COVID-19, there are hidden opportunities to leverage your equipment to address the extraordinary industry challenges ahead. Watch our latest webinar with Becker’s Hospital Review.

Next Generation Cybersecurity

Did you know, by 2025, approximately 68% of medical devices will be connected or connectable to health system networks? This raises a new and complex set of challenges as health systems set out to defend those devices from cyber threats.

2020 Health Industry Trends – Emerging Challenges and Implications

With the beginning of the new year, organizations have the opportunity to pause and review the most recent industry macrotrends and, based on those market insights, either confirm or adjust their strategies.

Medical Device Security: Where to Start?

Watch this educational on-demand webinar to understand how the cybersecurity threat to medical devices continues to evolve, to learn the key requirements of the three-part plan that health systems must either consider or have in place in order to address the cyber challenge head-on, and hear real stories of how health systems are reaching breakthrough performance in managing against cyberattacks.

The Evolution of Cybersecurity and Clinical Asset Management

Watch this educational on-demand webinar to explore how medical device trends are requiring nimble and effective responses that integrate expertise from clinical engineering, IT, security, quality, regulatory, and manufacturers.

Predictive Work System (PWS)

Reduce unplanned downtime and avoid revenue loss by predicting device failures before they occur.

Current State Assessment

Uncover hidden clinical engineering costs, potential savings and efficiencies with our TRIMEDX forensic analysis used over 500 times by 3,700+ healthcare facilities nationwide.

Asset Disposition Services

Improve your bottom line by maximizing the value of your clinical assets, click here to find out how.