As you plan for the 2025 fiscal year, managing capital asset expenditures efficiently is crucial for staying within budget while maintaining the quality of care.
As healthcare systems prepare for the implementation of their 2025 budgets, managing capital assets efficiently becomes critical for maintaining financial health and operational effectiveness. Whether you're facing increasing equipment costs or looking for ways to enhance asset utilization, aligning your budget with smart asset management strategies is key.
At HANDLE Global, we understand the complexities of capital asset management, and our Capital Cycle Management (CCM®) platform offers a powerful solution to help healthcare systems make the most of their capital budgets.
CCM® provides real-time insights into asset performance, helping you make data-driven decisions about new purchases, leases, and dispositions. By tracking the lifecycle of each asset, you can extend its useful life, plan for replacements at the right time, and identify opportunities for cost savings.
With CCM®, you gain a comprehensive view of your existing assets, allowing for more accurate budget forecasting. Our platform helps you predict future maintenance costs, replacements, and lifecycle needs, so you can plan for capital expenditures with greater confidence.
Managing risk in the budget process is a significant challenge. CCM® offers customizable risk scores to assess asset conditions, mitigating potential financial and operational risks. By improving asset condition monitoring and ensuring compliance with industry standards, you reduce the likelihood of costly surprises. Read our case study to learn how we helped RUSH identify more than $10 million in cost avoidance by aligning CCM® risk score with assets tied to capital requests.
Harnessing the power of data is essential for improving ROI on capital assets. CCM® provides actionable data analytics that allow healthcare leaders to identify trends, optimize resource allocation, and make smarter investment choices.