Austin, Texas, November 5, 2019 - Accruent, the leading provider of healthcare technology (HTM) and facilities management (HFM) solutions that optimize asset and maintenance management, has launched its Data Insights solution to the healthcare market. Accruent Data Insights is the first solution on the market that can provide objective equipment performance and reliability data for thousands of equipment models to help healthcare organizations reduce costs and ensure the highest level of patient care.
An estimated $93 billion is spent annually in the United States on medical equipment lifecycle (MELC) management. A lack of accurate information, specialized knowledge and staff bandwidth reduce the average hospital’s ability to save money on MELC by up to $12,000 per bed. Although the cost of healthcare is rising, hospital revenues are not keeping pace and hospitals need new tools to optimize equipment spend to control these costs.
Accruent Data Insights aggregates asset ownership data from more than 55% of U.S. hospitals and provides critical information to better inform purchase decisions for thousands of medical equipment items. For each model, Data Insights documents the number and timing of asset failures, shows the average maintenance hours required by asset age and estimates the probability of equipment lasting for a specified number of years. Accruent brings these measures together into the industry’s first unbiased reliability and life expectancy analysis. Equipment models with a higher Reliability Index are likely to last longer and cost less to operate.
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“Data Insights eliminates intuition and bias. It's pure data. When you want to know how reliable a piece of equipment is, you have real timelines, real actions and real dollars, not just unquantifiable opinions of people whose experiences may or may not be typical,” says Matthew Clark, Manager, HTM Support Operations, Advocate Aurora Health. “In addition, we now have access to an industry-wide data set, which allows us to measure how we are performing compared to other hospitals. Better decisions impact our internal customers, our finances and our ability to deliver the best patient care.”
Data Insights also includes functionality to assist with operations, including:
• Device overviews that include FDA and recall information to aid in risk avoidance
• Reliability insights, failure rates and mean time between failures
• Commonly used periodic maintenance (PM) schedules and corrective/periodic maintenance comparison charts to help optimize PM processes, guide alternative equipment maintenance (AEM) decisions and reduce costs