One way for hospitals to decide when to repair or replace medical equipment is to consider the carrying cost of the older equipment, according to an article on the Healthcare Finance website.
The decision can also be based on obsolescence. Manufacturers might discontinue parts for some older equipment.
According to experts, hospitals often leave money on the table because they don't get independent counsel.
Expert advice — especially from those who don't work for an equipment company — can objectively build a customized approach of maintenance and repair options.
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