Capital Equipment Track: Determining Total Cost of Ownership (TCO)
Date & Time
Monday, June 3, 2024, 9:30 AM - 10:45 AM

Costs related to procurement, shipping, warehousing, delivery, setup, education, and disposal are all elements that make up the total cost of ownership. To accurately understand the lifecycle of equipment, it is critical that you consider every step in its useful life. By considering all factors associated with equipment and calculating the costs associated with each, health systems can accurately determine the total cost of ownership for their capital equipment.

In this session, join industry thought leaders as they discuss the implications of total cost of ownership, not only on your equipment, but your organization.

Learning Objectives:

1. Understand the various elements that contribute to TCO, including planning, specification, sourcing, installation, warranty, operation, and disposal.

2. Analyze the influence of technology on TCO. Determine if the new equipment aligns with your existing technology infrastructure.

3. Define strategies for efficient lifecycle management. This involves planning for procurement, maintenance, and eventual disposal. Optimize each phase to minimize costs.

4. Prepare for TCO As ongoing process and analysis . Regularly review and update your understanding of operational costs, explore cost-saving measures, and adapt to changes in technology and healthcare practices.