The increasing complexity and cost of medical equipment services

DOTmed August 12, 2024
Tom Watson

The costs associated with medical equipment services are rising, drawing heightened attention from hospital administrators and leaders. Over the past three to four years, hospitals have faced numerous challenges: the COVID-19 pandemic led to unprecedented hospitalizations, stretching critical care capabilities, staffing, technology, and supply chains to their limits. Consequently, capital equipment purchases were restricted to absolute necessities, with funding redirected to personal protective equipment and infection control solutions. This situation led to significant staff shortages, particularly among nurses, resulting in increased fatigue and burnout that took a toll on healthcare organizations.

Vendors were also affected by the pandemic through reduced capital revenue and the inability to implement usual price increases on services. While the worst of those challenging days are...

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