Every instrument, device, furniture, and other such resource found in a hospital is an asset. Some are more critical than others. Governing each valuable possession with a sound strategy is key to providing excellent healthcare. 

Hospital assets need constant replenishment. Take syringes and bandaids, for example. And medical machines like ECG and CT scan systems require maintenance. These activities, which are inventory management tasks, are some of the core components of asset management. A practical solution that aids asset governance is hospital asset management software.

Several asset management challenges impede hospital operations from reaching their fullest potential. Misplacement of possessions, poor maintenance, and utilization beyond expiry hinders productivity significantly. These issues may arise due to an ineffective asset management plan. An ineffective asset management tool can also lead to asset management inefficiencies. 

How you manage assets directly affects the productivity of your hospital operations. In this article, we discuss how hospital asset management software improves productivity. We also dive into why the software application is the best tool for asset governance. Let’s get started.

Boosting hospital operations with hospital asset management software

You can accelerate hospital operations with a top-notch hospital asset management system. Here are the following ways the application helps speed up routine asset-related activities.

Centralized asset database

Hospital asset tracking software provides a comprehensive asset register database for storing asset information. You can enter data pertaining to the asset purchase date, maintenance requirements, model number, depreciation rate, etc. 

The software also lets you upload warranty, AMC, and insurance documents. Any changes in the database reflect on all the devices on which the software runs. The centralization of the database allows you and your staff members to collaborate on asset management tasks efficiently. 

Real-time asset tracking

Some hospital assets tend to be mobile, meaning they move around. Failing to keep accurate track of asset whereabouts can lead to misplacements and losses. Asset management software lets you know where your assets are in real time by integrating with and detecting RFID and NFC tags. The software also prints barcodes and integrates with barcode scanners to improve auditing speeds. 

Preventative maintenance

Medical assets in faulty conditions are detrimental to patient care. In severe cases, they can jeopardize lives. Ensuring possessions in the hospital are in top-notch condition is immensely crucial. With an asset management system, you can schedule proactive maintenance schedules and create maintenance checklists. These features keep your medical assets from succumbing to operation-halting discrepancies. 

Asset disposal and replacement

Assets have a finite life. Even if you maintain medical possessions promptly, there will be a point in time when you’ll need to dispose of and replace them. Asset management software calculates and tracks depreciation values. It also sends notifications and alerts that indicate when to discard obsolete resources. 

Asset analytics

Finally, asset management software generates in-depth reports. They reveal valuable information about asset utilization, transfers, maintenance requirements, budget expense, and more. Detecting patterns and trends in these reports allows you to optimize your asset management plan, further culling costs, eliminating errors, and boosting operational efficiency.

Why asset management software is the best tool

Asset management software is far superior to spreadsheet software and paper-based tools. Here is a list of reasons why. Asset management software offers:

• Simple scalability
• Dedicated features for managing the asset lifecycle
• Operations over the cloud
• Automation
• Insightful reports
• Cost-effective

Spreadsheet and paper-based tools, on the other hand, are manually intensive and lack specialized modules for asset management.

Summing up

The assets in your hospital, especially as they grow, can be challenging to manage. Are you looking to ensure your possessions are in working condition, available at a moment’s notice, and utilized optimally? Then, the hospital asset management system is the most practical solution. Get SmartAMS – our world-class asset management software for hospitals. It simplifies complex asset tracking and governance tasks, thus unlocking faster productivity and accurate operations. Get in touch with us to learn more about SmartAMS.