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Savannah memorial rf success ap44

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Savannah memorial rf success ap44

  1. 1. ASSET MANAGEMENT INITIATIVE Memorial Health University Medical Center “More of What Matters” AL HARDY Capital Purchasing Agent for Asset Management
  2. 2. Overview •  Project History •  Results •  RTLS
  3. 3. Project History •  Because where matters in more than just RTLS… We needed a better way to understand the condition of our assets and how to minimize their effect on our cash flow – Create potential to drive policy changes and business practice improvements by: •  Integrating financial information from infrastructure, Biomedical, Moveable Assets, Rentals, and Capital Replacements •  Standardizing and speeding up processes •  Making accountability more apparent
  4. 4. Project History •  2 initiatives surfaced that would help us gain knowledge of the status of our Assets –  Real-Time Location System, RTLS –  Enterprise Asset Management, EAMS •  RTLS –  Develop in-house Mobile Asset Program –  Reduce Rental Cost –  Capital Planning •  EAMS –  Maintenance data – Biomed and Facilities on one platform –  Maintenance tech evaluation of equipment –  Capital Planning
  5. 5. Project History: Before Biomed UHS Life Cycle and Ownership Cost Rental cost Patient Safety Asset Location Asset Availability PM Completion Asset Assessment Similar communication with the same nursing staff Life Cycle and Ownership Cost Rental cost Patient Safety Asset Location Asset Availability PM Completion Asset Assessment Similar communication with the same nursing staff HECS AIMS No integration… no visibility… conflicting information
  6. 6. Project History: After Biomed Mobile Assets Life Cycle and Ownership Cost Rental cost Patient Safety Asset Location Asset Availability PM Completion Asset Assessment Similar communication with the same nursing staff Integration, Visibility, Conflicts Identified and Corrected
  7. 7. Results: Capital Planning Quick Assessment, Reports, and Analysis Asset Number Model Number Manuf. Age Useful Life Total Maintenance Cost from Installation to Date Original Cost Maintenance Cost >75% of Original Acquisition 735021 Phoenix Gambro 7 5 $ 12,281 $ 14,000 88% 735023 Phoenix Gambro 7 5 $ 13,924 $ 14,000 99% 735024 Phoenix Gambro 7 5 $ 14,026 $ 14,000 100% 735025 Phoenix Gambro 7 5 $ 12,285 $ 14,000 88% 735027 Phoenix Gambro 7 5 $ 11,052 $ 14,000 79%
  8. 8. Results: RTLS NOTES: Hospital ended contract with outside Asset Mgt. Provider in late 2009. YTD expense includes additional in-house staff to manage mobile assets YTD expense includes RadarFind monthly service fee YTD reflects reduced rental costs August Year-to-Date: 39% Reduction in Total Mobile Asset Mgt. Expenses June 2007 $555,584 August 2007 $730,646 June 2009 $632,924 August 2009 $846,058 June 2010 $407,258 August 2010 $513,252 0 200000 400000 600000 800000 1000000 1200000 1400000 Jan Feb Mar Apr May June Jul Aug Sep Oct Nov Dec Cummulative Spend Month Outsourced vs. In-House Total Mobile Assets Cost 2007 2008 2009 2010
  9. 9. Results: Rental Costs 2010
  10. 10. Results: Rental Costs 2010 •  For September, we expect to see an increase –  We transitioned to a new vendor –  Some equipment items needed to be maintained from both the outgoing and incoming vendors •  For October, we expect to see a decrease –  Transition should be complete –  New model will allow vendor to let us run a fee-per-use program for tagged items– a more cost-effective approach
  11. 11. Continuing Objectives •  Fully exploit the data and further develop expertise to carry out Leadership’s Goals •  Analyze, review, and indicate to leadership where the data and practical application leads •  Determine whether RadarFind will provide the performance required for Patient Tracking
  12. 12. Continuing Objectives Operational Relationship Biomed Mobile AssetsLife Cycle and Ownership Cost Rental cost Patient Safety Asset Location PM Completion Asset Assessment Similar communication with the same nursing staff Maximizing the logistical and material relationship of these 2 departments is the key to Asset Visibility and capturing the spectrum of cost, use, and replacement of capital equipment.
  13. 13. Continuing Objectives  Develop new ROI models •  EXAMPLE: Invest $5,200 to tag 79 PulseOx units over 3 yrs. Anticipated Results: $109,000 in equip. not lost (40% of PulseOx units lost/missing since Aug. ‘05)  Work closely with software providers •  Possible for Memorial to develop program that could impact the business model of typical asset management providers. We must be aware of changes coming from healthcare asset mgt. industry
  14. 14. Summary •  Project History •  Result •  Continuing Objectives
  15. 15. Questions ? Quote of the Day: Invisible? Intangible? Insensible? Regardless, Quantify, Harness, Manage, Profit.
  16. 16. Al Hardy’s Background •  Personal and Professional •  20 Years in Asset Management •  Current Saving across all acquisitions in 2010 - $3,000,000 •  Facilities •  Biomed •  Imaging and PACS Management •  Purchasing •  Asset Ledger •  Logistics •  Publications and Appearances •  Public Speaking •  Essays •  Newspaper Columns •  1 Book •  Poetry •  1 Unpublished Novel

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