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CAPITAL STRATEGY INSIGHTS: Reimagining the Process #010

07.07.2022 #010 Strategic Capital Planning – Metric-Based Prioritization In Post #007 we touched on developing a strategic approach to capital procurement and spend. One of the considerations for the strategy included prioritization,…
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Capital Strategy Insights: Reimagining The Process #007

02.17.2022 #007 Asset Value Contribution to Lifecycle – Part 6: The Replacement of Asset(s) in Positive Equity It has been a crazy start to 2022 and I have gotten a little behind with the posts.  Hopefully with this post we will…
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Capital Strategy Insights: Reimagining the Process #004

10.11.2021 #004 Asset Value Contribution to Lifecycle – Part 3 In Post #003 we focused on the impact of asset value on funding decommissioning an asset or group of assets.  Buyer acquisition, administrative costs, deinstallation…
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Capital Strategy Insights: Reimagining the Process #003

10.1.2021 #003 Asset Value Contribution to Lifecycle – Part 2 In the last post I addressed the topic of using equipment until terminal failure (“driving the wheels off”) and the requirement of buyer acquisition of medical equipment…
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Capital Strategy Insights: Reimagining the Process #002

#002 Asset Value Contribution to Lifecycle – Part 1 I am going to break this topic up into multiple posts.  There are too many elements to cover, and the elements require a little explanation.  So, when I write the book (that’s…
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Outside the Box

Asset management and capital replacement strategies are financially significant for a healthcare system.  Millions of dollars are being allocated and profitability, reliability, and clinical efficacy are at the forefront of consensus decisions. …
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What Can an Inventory Tell You About Your Equipment?

Performing a house-wide medical equipment inventory does more than record information and numbers. That inventory’s results will give you a broader idea of your medical asset’s remaining life when done with the correct approach. You…
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Top 5 Most Unusual Assets Inventoried & Appraised

In the nearly 14 years since MERC began, our team has inventoried over 400,000 pieces of medical equipment and healthcare facility assets nationwide. Having been to so many places, we occasionally come across some very unique assets and medical…
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Managing Equipment During Covid-19

The healthcare facility response during the Covid-19 pandemic has been unprecedented. There has been a concerted effort through all venues of care to make sure they are equipped and ready for the potential influx of patients and the specific…
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Asset Ledger Reconciliation: How Accounting Uses the Inventory

Often, a medical equipment inventory is utilized by a healthcare facility to simply know what they have and where it is.  A beneficial next step to the inventory that helps finance and accounting is an asset ledger reconciliation.  This…