BI&T September/October 2019

Healthcare facilities face a raft of financial challenges, including inadequate reimbursements by Medicaid and Medicare, the need to reduce operating costs, meager funding for capital improvements, and a tight labor market. As a result, health professionals, including those working in healthcare technology management (HTM), are leaving no stone unturned in their quest to reduce waste from internal processes and improve operational efficiency. Our new BI&T cover story explores HTM-related cost-control approaches such as effective capital planning and equipment procurement (e.g., by sitting on the capital equipment review committee), efficient deployment of technology assets, using a Lean Six Sigma approach to maintenance and parts management, adding service training to new equipment purchases, consolidating contracts, and renegotiating master service agreements.

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