Reduce your fleet costs

Bring strategic equipment management to your Health System

EquipX provides Health Systems with a software platform and services that improves utilization, capital budget forecasting and enables cost savings – turning disconnected hospitals into thriving health systems who can provide patients with state-of-the-art healthcare.

Turn your underutilized equipment into an optimized health system

Your Healthcare System should be able to provide patients with the best equipment and deserves to get fair-market value for the sale of your used equipment.

SOLUTIONS FOR

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FINANCE
EXECUTIVES

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OPERATION
EXECUTIVES

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BIOMED & SUPPLY
CHAIN LEADERS

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CLINICAL
MANAGEMENT

INTEGRATIONS

Get control over your spend.

Don’t risk your reputation on outdated or idle equipment.

As Health Systems consolidate and reimbursements shrink, CFO’s struggle to manage their expensive equipment costs or even know what their operating costs are – which leads to idle equipment, wrong purchases decisions and losing patients to other Health Systems that offer better options.

 

  • Under increasing financial pressure

  • Lack visibility into actual utilization of capital equipment

  • No consolidated information

  • Reporting is always outdated

  • Innovative purchasing is restrained

  • Getting cents on the dollar selling equipment with unknown value of equipment

PARTNERS

“[The Siemens Healthineers and EquipX partnership] is more than just a business relationship. This is a true collaboration of like-minded organizations working to bring our customers complete transparency into their capital equipment performance, and enabling their ability to receive the highest return from their investment.”

– Dave Edwards, Siemens Senior Vice President and General Manager

“In today’s highly competitive marketplace, it’s important for health systems to harness the power of data to drive cost reductions, especially data that informs purchasing and budgeting decisions. Cumberland consultants are uniquely qualified to help health systems fully integrate and optimize the EquipX software platform by leveraging the firm’s technical expertise and deep knowledge of health systems’ operations.”

– Greg Varner, Cumberland Partner

“Health systems seeking greater cost savings will be wise to assess their capital assets and spending. EquipX offers a valuable 360-degree view into capital equipment spending that can unlock hidden value and inform financial decision making.”

– Bob Bailey, Healthcare IT Leaders Principal

Get visibility and control over your spend.

Unlike Asset Management Systems that just roll up data from different sources, EquipX helps you control your spend while ensuring you get fair market value for the sale of your equipment.

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+
CAPITAL EQUIPMENT
DEVICES UNDER MANAGEMENT
0
%
ORIGINAL EQUIPMENT
MANUFACTURERS
$
0
B+
CAPITAL EQUIPMENT
UNDER MANAGEMENT
0
M+
IT
INTERACTIONS
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HOSPITALS
UNDERCONTRACT

Your physicians and patients get better outcomes when your fleet is optimized.

“MHS’s X is millions. EquipX allows us to gain never-before-seen insight into our capital equipment portfolio, yielding significant opportunities to generate untapped funds to invest in our health system’s most critical priorities.”

Matthew Muhart, EVP and CAO, Memorial Healthcare System

“This is a true collaboration of like-minded organizations working to bring our customers complete transparency into their capital equipment performance, and enabling their ability to receive the highest return from their investment.”

Dave Edwards, Siemens Senior Vice President and General Manager

Typical Healthcare System

Old Way

Equipment Administration

(General Ledger)

New Way

Strategic Equipment Management

(Predictive Analytics)

Manual &
Siloed
Analytics
Manual and
Siloed
Automated &
Integrated


~35%
Utilization icon Utilization
~35%
~55%+


Partial
Capital Equipment icon Operating Cost Equipment/Procedure Level
Partial
Full P&L


~4 Months
Forecasting icon Forecasting
~4 Months
Real-time


Pennies on
the dollar
Fleet Value icon Fleet value
Pennies on
the dollar
Fair market
value


Getting Started is Easy

3-4
Months

1

Engage Icon

Engage

  • Performance Snapshot
  • Project Scope
  • Shared Vision
  • Proposal & Agreement

2

Implement Icon

Implement

  • Integrate with your Improvement Initiatives
  • Set-Up EquipX Software
  • Mobilize PI Team
  • Set Key Performance Indicators (KPI)
  • Implement Quick Wins

3

Manage Icon

Manage

  • Strategic Equipment Management
  • Breakthrough Performance
  • Continuous Improvement
EquipX Logo

Breakthrough Performance

 

How much are you spending operating your equipment?

5 Ways Entrepreneurial Health Systems Get Control Over their Spend

TOP 3 Places Health System Capital Hides in Their Depreciating Assets

The 5 Steps Smart Health System CFO’s Use to Control Their Spend and Optimize Their Fleet Even if Their MRI Machines are 12 years Old

Get Your Equipment
Performance Snapshot

Schedule a discussion with a strategic
equipment management expert.

EquipX Logo

EquipX Med
3585 NE 207th St, Miami, FL 33180, USA