Five Ways Comprehensive Lifecycle Management Can Help Reduce Total Cost of Ownership

Although there is evidence of an improving economy, hospitals large and small are still facing significant financial challenges caused by lack of access to capital, reduced reimbursement rates and reduced census. With little to no control over these challenges, many hospitals are looking for new ways to curtail expenses and boost the bottom line without sacrificing quality of care. One remedy that is currently saving millions of dollars for hospitals across the country is the ability to reduce e total cost of ownership (TCO) for medical equipment through a comprehensive lifecycle management plan.

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