How to Manage Capital and Construction in an Ever-Changing World

In this episode we are joined by Rebecca Gayden, the Vice President and General Manager of Capital Equipment Solutions at Vizient, and Mark Webb, the Principal of Capital, Facilities & Construction Solutions at Vizient. Tune in to learn about the biggest challenges facing hospitals regarding capital medical equipment, strategies to mitigate those challenges, how the construction industry has been impacted by supply chain issues, and more. This episode is sponsored by Vizient.

Summary

Vizient Experts Discuss Challenges Facing Hospitals in Capital Medical Equipment

Introduction

In this episode, Vizient's Rebecca Gayden and Mark Webb discussed the biggest challenges hospitals are facing when it comes to capital medical equipment, and shared strategies to mitigate those challenges.

The Challenges

Gayden and Webb identified two main challenges hospitals are currently facing. One, cyber concerns, and two, supply chain issues. They recommend starting with getting a handle on your hospital's assets, such as understanding the asset mix and age of the equipment by looking at the clinical engineering or biomedical engineering database.

The Strategy

The experts reiterated that vendors and hospital systems are shifting from buying a box to longer-term arrangements. This includes 10-15 year agreements and subscription models. Additionally, early engagement in design is key to mitigating certain challenges. Standardization and aggregation of spend opportunities are also important strategies to consider. Working your plan is the final key component to successfully implementing these strategies.

The Impacts on the Construction Industry

Aside from the challenges faced by hospitals, the construction industry has also been impacted by labor and material shortages, as well as increased pricing and longer lead times. These challenges have resulted in a shift to offsite construction, which has helped support the construction industry during these unprecedented times.

By understanding your assets and developing a capital equipment strategic plan, hospitals can successfully navigate the challenges in the industry. Working during the design phase and standardizing equipment can also help minimize potential issues. The bottom line is to be prepared by planning early and working the plan.

This episode was sponsored by Vizient.

 

Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com

 

This episode aired on 11/10/2022 and can be listened here.

 

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