Capital Asset Planning

Improving hospital asset management and return on investment

Enhancing imaging technology utilization

 

Philips capital asset planning services help healthcare leaders make strategic imaging equipment decisions on current deployment, utilization, replacement, and re-deployment.

 

Insights and recommendations are based on system utilization, condition of assets, data analytics, best practices and simulation modeling for data-driven decision making.

 

Benefits of our data-driven consulting services include:

 

  • Enhanced capital equipment mix and spend
  • Improved asset efficiency
  • Patient volume aligned with available capacity for enhanced patient satisfaction
University Hospitals leverage Philips Capital Asset Planning Services

Creating a capital asset inventory plan for University Hopitals Case Medical Center

Our approach includes five key steps:

 
  1. Inventory - Comprehensive technology inventory including location, age, condition, key service issues, technology lifecycle, useful life, and more.
  2. Assessment - Assess technology strategy with recommendations for replacement or re-deployment of assets based on current and future demands.
  3. Prioritization - Prioritize current and future technology plans to increase system utilization and align to future technology demands.
  4. Utilization - Evaluate at a high-level the general system utilization, volume, procedure mix, staffing, identify areas of concern, understand future demand, and more.
  5. Recommendations - Develop a multi-year capital including utilization recommendations, alignment to future demands, and long-term replacement, upgrades, and disposal recommendations.

Capital assessment data

Capital assessment data

Comparing industry benchmarks

Comparing industry benchmarks

Market average equipment pricing

Market average equipment pricing

How we enable the transformation process

Data Analytics

Data Analytics

We believe data should support each phase of a consulting project and drive recommendations. The goal is to provide quantitative evidence to optimize equipment utilization.

 

Our data analysts:

 

  • Recognize gaps in workflow, capacity, and desired vs. actual outcomes
  • Identify and quantify improvement opportunities
  • Analyze trends to forecast patient demand, staffing and technology needs, supplies, and more
  • Create scenarios to simulate the impact of change recommendations
  • Embed data into client operations

We believe data should support each phase of a consulting project and drive recommendations. The goal is to provide quantitative evidence to optimize equipment utilization.

 

Our data analysts:

 

  • Recognize gaps in workflow, capacity, and desired vs. actual outcomes
  • Identify and quantify improvement opportunities
  • Analyze trends to forecast patient demand, staffing and technology needs, supplies, and more
  • Create scenarios to simulate the impact of change recommendations
  • Embed data into client operations

Capacity Planning

Capacity Planning

To help determine the capacity needed by an organization to meet changing demands for its services, we incorporate local and regional market demographic trends and referral patterns for a more holistic plan.

 

Graph: Looking ahead 5 years, the 19+ population is expected to grow in the area. With this growth comes expected growth in volume for each modality. If we take into account these growth rates, we’ll see a growth of 25% from today’s volume.

Meet our team

Mel Allen

Mel Allen  


Principal, Practice Operations
Healthcare Transformation Services, Philips

 

Mel has decades of experience in healthcare management with expertise in oncology, radiology, cardiology, hospital performance improvement, and health law. He holds a Juris Doctorate from Concord Law School, an MBA from Oklahoma City University, and a bachelor’s degree in radiological science from the University of Oklahoma.

Learn more about our capabilities in capital asset planning

Related capabilities

 

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*Results from case studies are not predictive of results in other cases. Results in other cases may vary.