Hidden Costs of Missing Medical Equipment

by Adrian Jennings, Cognosos Chief Product Officer

Hospitals must achieve real-time visibility of their assets to curb the consequences of lost and stolen assets.

Issues like staffing shortages and malpractice often dominate the headlines for hospital afflictions. But while not as “news-worthy,” the hidden cost of missing medical equipment is an equally pressing challenge that necessitates an immediate solution.

Whether stolen, misplaced or lost, missing medical equipment costs American hospitals millions yearly. In fact, research shows that between 10% to 20% of a hospital’s mobile assets are lost or stolen during their useful life, costing $3,000 per item.

 

Read the full article on Chief Healthcare Executive.