A facility portfolio analysis can assist master planning

By Healthcare Facilities Today
January 15, 2014

Money continues to be scarce, yet health care systems need to invest and reinvest in their physical future to meet strategic needs in the market, modernize aging infrastructures and ensure that the organization is delivering the proper standard of care, according to an article on the Health Facilities Management magazine website.

With multiples campuses and operating units, facilities department leaders and chief financial officers (CFOs) usually don't have the funds to meet their many demands. According to the article, portfolio prioritization is one of many important pieces of information health care organizations should evaluate when considering funding projects.

"Strategic master facilities plans should be well-conceived and pass initial muster, but when all of these requests are tallied and laid out by the health system CFO across a multiyear cash map, there still are usually more dollars requested than what the system can spend."

According to the article, tools are available to evaluate master plan projects across a health care system, allowing organizations to create a portfolio of capital projects that prioritizes them.

The first step is to develop multiyear strategic master facility plans that look out five to 10 years for each operating unit and then prepare a portfolio of all the projects. 

Read the article.

 

 

 

See the latest posts on our homepage


Share

Topic Area: Maintenance and Operations


Recent Posts
Recent Posts

Class-action lawsuit filed against Seattle Children's Hospital


Five deaths between 2001 and 2014 from surgical site infections from Aspergillus mold were likely caused by the air handling systems

12/11/2019

Healthcare facilities responding as natural disasters get worse


In the wake of a disaster, healthcare facilities can provide vital primary care, whether that’s within the walls of a clinic, in patients’ homes, or in the one place where many of their patients are most likely to show up: an evacuation shelter

12/11/2019

Blog

Roadmap to smart hospital: Step-by-step guide to the future of care


It's time to embrace smart hospitals to maximize the use of available technology.

12/11/2019

Focus: Fire-Life Safety / Column

Regulations, Codes & Standards Q&A: Electrical room


Brad Keyes discusses regulations for electrical rooms

12/11/2019

Blog / Focus: Patient Experience

Getting patients from the ED to admitted beds more quickly with mobile tech


12/11/2019





Post Comment




FREE
NEWSLETTER

News & Updates • Webcast Alerts • Building Technologies

All fields are required.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.