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Medical equipment manufacturers throughout Europe now have the opportunity to take advantage of changes in the United Kingdom Treasury rules, which introduce flexibility into hospital financing. This could result in more equipment sales for manufacturers and better equipped hospitals.
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The formation of integrated delivery systems has created new challenges for healthcare financial managers. Among these challenges is the need to respond to cost-cutting pressures related to technology acquisition, financing, and management. A well-developed technology management strategy can reduce technology costs and risks, free up capital for other strategic uses, and maintain the system's ability to adapt to change.
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Real estate lease administration is becoming increasingly important to healthcare organizations; however, not all organizations possess the in-house expertise to carry out this specialized function. For such organizations, outsourcing lease administration may be a more efficient way to manage their real estate portfolios and possibly improve their bottom lines.
Healthcare providers are sitting on billions of dollars in assets. Real estate holdings constitute 35% to 50% of a typical system's balance sheet, but few chief financial officers are actively managing those assets. In these turbulent times, how can CFOs neglect such a large chunk of their holdings?
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The nation's hospitals continued to change hands at a record-setting pace in 1996, according to Modern Healthcare's third annual list of healthcare transactions. The bulk of this year's deals came from an increased number of corporate deals by medium-size companies.
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In the managed care environment, technology life-cycle management is necessary to minimize costs and maximize the quality of patient care. A careful approach to equipment acquisition and management can help managed care providers reduce the cost of delivering services while ensuring the right technology is available when and where it is needed to best serve patients. Proper management of technology assets from planning and budgeting through acquisition, usage and disposal can help managed care facilities reduce cost and risk, increase control, and improve productivity.
Proponents say network computers offer lower costs and easier maintenance. But skeptics are not yet convinced these benefits are real.
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