Enhancing Asset Maintenance and Consistency through ECRI's Predictive Equipment Replacement System
Nonprofit Academic Medical Center Improves Equipment Management with Predictive Replacement Plan (PRP)
The nonprofit academic medical center faced challenges in managing its capital equipment across multiple hospital sites. These issues were addressed through a strategic partnership with ECRI, a nonprofit organisation specialising in healthcare safety and technology.
The partnership led to the implementation of a Predictive Replacement Plan (PRP) for the hospital's equipment management needs. ECRI's expertise was instrumental in identifying areas of improvement, such as inventory management, safety data, and compliance risks.
Standardizing Equipment Management
One of the key recommendations was to standardize the use of infusion pumps across different departments. This change resulted in a significant 25% savings for the hospital. Additionally, ECRI suggested entering into longer-term agreements with vendors to lock in pricing, further optimising costs.
The absence of a standardized CMMS (Computerized Maintenance Management System) led to compliance risks, inefficient management of assets, and poor coordination between departments. To address this, the hospital implemented a centralized CMMS across all hospital sites, reducing variability between departments and improving overall asset management.
Predictive Analytics for Equipment Lifecycle Management
ECRI utilized a 12-factor rating system to provide an objective and data-driven method for predicting when equipment should be replaced. This approach replaced the previous reactive approach to equipment replacement, which often resulted in costly, unplanned purchases.
The PRP enabled the hospital to plan more strategically for future capital purchases, ensuring cost efficiency and regulatory compliance moving forward. The centralized CMMS improved visibility into asset management, allowing the hospital to make informed decisions about when and what equipment to replace.
Benefits of Predictive Replacement Plan (PRP)
Implementing a PRP offers several key benefits for nonprofit academic medical centers. These include cost efficiency, improved equipment reliability and availability, enhanced patient care and safety, data-driven decision making, and budget predictability and resource optimization.
By using predictive analytics for capital equipment lifecycle management, academic medical centers can enhance cost control, operational efficiency, equipment reliability, and patient safety, ultimately improving their ability to deliver high-quality healthcare services.
[1] [Source for the general advantages of predictive analytics in healthcare] [3] [Source for the benefits of PRP in other industries]
- The Predictive Replacement Plan (PRP) aided the hospital in addressing compliance risks related to the absence of a standardized Computerized Maintenance Management System (CMMS).
- The PRP replaced the previous reactive approach to equipment replacement with a predictive analytics method, reducing costly, unplanned purchases.
- With the implementation of a standardized CMMS and PRP, the hospital improved its asset management, coordination between departments, and visibility into equipment lifecycle management.
- By adopting the PRP, the nonprofit academic medical center can expect benefits such as cost efficiency, improved equipment reliability, enhanced patient care and safety, data-driven decision making, and budget predictability.
