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CAPITAL STRATEGY INSIGHTS: Reimagining the Process #016

June 6, 2023: 79th Anniversary of D-Day. May we never forget. #016 Rationally Redeploying Assets  The last post examined Estimated Standard Full Life (ESFL), the expected full life of an asset, addressing how long devices actually…
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CAPITAL STRATEGY INSIGHTS: Reimagining the Process #014

03.20.2023 #014 Strategic Capital Planning – Inventory is the Foundation Best wishes to all – here’s hoping your bracket is going well! The way this tournament is going, it has probably crashed like everyone else. We’ve…
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CAPITAL STRATEGY INSIGHTS: Reimagining the Process #011

09.15.2022 #011 Strategic Capital Planning – FMV is not an Algorithm, Part 1 In the past we touched on developing a strategic approach to capital procurement and spend. That approach uses Estimated Remaining Useful Life (ERUL) as…
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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…