For years, leaders at RWJBarnabas Health relied on full-service contracts from equipment manufacturers to maintain their linear accelerators, robotic surgery systems, magnetic resonance imaging (MRI) scanners, and other critical equipment. These leaders decided to adopt a self-insured model combining labor from their in-house service technicians with original equipment manufacturer support purchased on an as-needed basis. Thanks to their efforts, leaders have reduced equipment service costs by 20-24 percent.
Capital Planning for the Future
A rolling capital approach enables organization to properly vet and analyze strategic initiatives in the short- and long-term. It lets you identify and diagnose the criticality of your assets, prioritize those most in need of repair or replacement and reduce carry over. Join this webinar to see how you can realign your capital process to better align your investments with value-based care. We will also share four key insights from inside and outside the industry to use when reviewing best practices in capital decision making.