The quality of health data is essential to providing high standards of support to patients and that quality relies on a company’s hardware assets and the health of the equipment. The NHS lose an estimated £13m every year because of stolen and lost equipment.

A successful asset tracking plan begins with an inventory of the facilities assets. An audit of the company’s current resources and a categorisation of them by type, documenting asset value, years in service, manufacturer information, parts vendors, and other information about each asset makes it easier to manage assets over time. Documentation of all previous maintenance records that you have as well. The better the audit is conducted, the easier the process will be when your assets require maintenance or require any other procedures.

When choosing your asset label ensure that it will hold up to the environment in which it will be exposed to. Healthcare assets may be subject to regular sanitization procedures or other environmental hazards, so it’s imperative to select asset tags that can withstand regular exposure to these conditions. Asset tags can be designed for high value equipment and can be supplied in a Ultra Destructible and tamper-proof materials to discourage theft.

When an organization is unable to locate critical assets quickly, they may end up over investing by purchasing duplicate assets. By implementing an inventory management system you can reduce, and in some cases completely eradicate this expense.

The management solution must be kept in a database that is central to your technology staff. IT team should be able to easily manage all inspection, maintenance and testing procedures and locate the appropriate tools required for healthcare organizations to maintain regulatory compliance.

Asset tracking, when combined with asset management software solutions, can be used to manage the asset lifecycle for several types of assets. Healthcare organizations can monitor the condition of assets, manage maintenance schedules, and track the lifetime costs associated with unique assets. Organizations may opt to replace assets after they’re fully depreciated to improve safety by taking older assets out of service before permanent breakdowns occur.

Healthcare organizations can benefit from asset tracking in many ways, but following best practices for tracking healthcare assets ensures streamlined asset management, cuts costs, and ultimately improves the delivery of care.