Save Money: Use What You Own

Does your hospital overspend by purchasing medical equipment it already owns in another department or location? You may be surprised, but this seemingly simple issue costs hospitals millions of dollars per year. In fact, industry data indicates that on average hospitals are only utilizing 36% of their clinical assets over the course of a year.

Avoid overspending by identifying underutilized equipment before buying more.

Tracking underutilized assets can help your hospital save money by avoiding the purchase of equipment it already owns. Plus, it allows you to quickly and cost effectively meet user needs with the least possible administrative burden. Another great way to save money is by simply not buying equipment you already have available within your hospital.