Kevin Chu/KCJP

Assessing facilities to determining capital investment

It's crucial that administrators choose where to invest based on accurate data and thorough analysis


In the Affordable Care Act environment, health systems must plan accurately for future capital expenditures. With multiple requests for investments, some more urgent than others, it's crucial that administrators choose where to invest based on accurate data and thorough analysis, according to an article on the Health Facilities Management website.

A facility assessment delivers this data and analysis, helping administrators invest their capital strategically today and craft an effective plan for projected expenditures over the next decade, the article said.

Facilities assessments also help administrators decide which buildings should be updated and which should be replaced. If an old building requires constant maintenance, replacing it may be more cost-effective.

The first step in a successful facilities assessment is defining the objectives, focus and the targeted final outcome. The process then proceeds with the selection of a qualified assessment team. 

Read the article.

 



August 13, 2014


Topic Area: Renovations


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