While staff members at the hospital often have a good cataloging process for acquiring equipment, often they overlook equipment acquired by unusual means. For instance, if the hospital leases an item and then purchases it when the contract is over, that asset may not be recorded properly. Making regular inventory checks is important for catching these types of updates.
Valuation experts who are focused strictly on healthcare, such as Principle Valuation, are able to work through a hospital’s fixed asset ledger, help identify disposals and properly account for the assets that are currently in use.
More Expertise From Principle Valuation:
Hospital Inventory Tip: Keep Track of Moveable Asset Inventory
Valuation Tip: Use Surplus Land Wisely
Concerns Facing Hospitals Right Now: Q&A With Dave Felsenthal of Principle Valuation
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
