Capital Equipment Track: Life Cycle Planning
Date & Time
Monday, June 3, 2024, 1:00 PM - 2:00 PM

To effectively plan for the life cycle of your equipment, it is necessary to thoroughly understand the needs of your health system. Being able to accurately forecast maintenance costs, technological advancements, and skill development ensures optimal equipment utilization and efficient care delivery.

During this time, gain an understanding of the complexities within life cycle planning and break down ways in which better forecasting can lead to a much more efficient operation.

Learning Objectives:

1. Formulate Lifecycle planning process by understanding and assessing the specific requirements of the healthcare facility.

2. Build appropriate budgets for equipment purchase and ownership costs. Understand the total cost of ownership (TCO), including not only the initial purchase but also ongoing expenses like maintenance and repairs.

3. Learn how to assess and select equipment that aligns with the lifecycle plan. Identify step necessary specifications and explore options for procurement and logistics.

4. Explore the practical aspects of how daily operation and end user requirements play a crucial role in lifecycle planning.