ECRI Blog

Marc Schlessinger, MBA, FACHE - Senior Associate, Accident and Forensic Investigation

Marc Schlessinger, MBA, FACHE, ECRI Senior Associate, Accident and Forensic Investigation

Recent Posts

Use a Predictive Replacement Plan to Create a Better Capital Replacement Process—and Include these 6 Questions

We all know the adage, the squeaky wheel gets the oil. It can even apply to your hospital’s capital budget planning exercise.

Capital requests include both replacement items for existing equipment and new or additional purchases, and the process tends to move quickly. Unfortunately, the loudest voices usually get the bulk of the available capital dollars, and smaller departments often are left out.

A Predictive Replacement Plan, or PRP, can streamline this process and provide objective recommendations regarding the replacement of capital equipment in a systemic manner.

A PRP is a deep dive into the capital medical inventory of a health care institution which is then used to develop and coordinate an unbiased 5 or 10-year replacement schedule, based on multiple objective factors, including organizational goals and patient needs. It is not based solely on the age of the equipment or the subjective desire or influence of a department director or physician. A PRP is based on multiple objective factors including device recall data, OEM support, part availability from OEM and aftermarket sources, changing technologies, device utilization, and clinical needs of the clinician.

Read More

Topics: Health Devices, Supply Chain, Equipment Planning, Technology Assessment, ECRI, Evidence-based decision making, Leadership, Vaccines, Inventory, predictive replacement planning, Thought Leadership

Knowledge is Power

Our evidence supports the advancement of care around the world. Read our articles, get industry updates and trends, and learn a little more about us on the ECRI blog.

Subscribe for Email Updates

Recent Posts

Posts by Topic

See all