The value of partnership in medical technology management
Medical technology has become the ‘central nervous system’ of healthcare. Artificial Intelligence (AI) and other technologies will continue to expand the importance and effectiveness of medical technology. This more powerful and complex nervous system requires expert technology management to keep it running at full potential. From procurement to maintenance, from operational efficiency to financing, Value Partnerships enable improved financial, operational, and clinical outcomes. Value Partnerships provide effective, proactive technology management services that help you deliver improved patient satisfaction, best-in-class clinical outcomes and optimized return on technology investments.
Technology management goes beyond hardware and software maintenance and considers the overall technology lifecycle. It affects:
- Purchasing decisions
- Digital technology management
- Performance and utilization
- Unlocking staff potential with training and education
Key benefits of effective medical Technology Management partnerships
Optimizing purchasing decisions
Analyzing technology performance and utilization
Driving continuous improvement
In a nutshell
Value Partnerships for Technology Management enable sustainable success in medical technology management through long-term commitments and deep understanding of every step of the technology management value chain. Value Partnerships enables both parties to work toward common goals – sharing risks and benefits if appropriate. Effective partnerships can transform care delivery by increasing efficiency, reducing costs, and improving patient care.
Our approach to design a Value Partnership for Technology Management
Every healthcare institution has its own unique strategic goals and challenges We use a flexible framework to develop a Technology Management partnership that leverages the strengths and fills the gaps in your existing technology management infrastructure. These are the key stages in forming the foundation of an effective Value Partnership for Technology Management.
Stage 1: Data collection and current state analysis
Stage 2: Interviews and on-site visits
Stage 3: Gap analysis
Stage 4: Future state analysis
Stage 5: Conclusion
See what your peers achieved
A Value Partnership for Technology Management brings together the right blend of competencies under a single partnership contract, unlocking significant operational efficiencies. This enables a reduction in technology management costs and more efficient use of facilities and staff. This leads to greater staff satisfaction, better clinical outcomes and a more positive patient experience.
$3.7M projected cost savings over 15 years
Increase of 100 MRI patients/month
$12M capital freed up
-150h of C-level meetings
Broad technology modernization
Innovative business and financing models
Stay competitive in the long run and make smart financial decisions about technology, infrastructure, and skills – backed by our business models. After deep diving into your financial situation, we’ll create for you a customized financing solution that allows you to deliver high-quality patient care and pursue your strategic goals.
Our customized financing solutions are based on our five main business models:
A. Do you favor a pay-as-you-go model?
B. Do you want predictable, fixed payments for a stable cash flow?
C. Are you seeking a variable cost base that balances your cashflow?
D. Do you want to combine flexibility and stability?
E. Do you want to link your payments to quality and efficiency goals?
1Sullivan, F. &. (n.d.). Retrieved from Reduce your cost whilst improving patient care & satisfaction – inefficient use of mobile assets is costing Australian hospitals more than $60M a year: