FSI, a health care CMMS provider, has launched CMS Capital Planning, a tool that allows health care systems to budget and plan capital allocation specifically for asset repairs and replacements using data linked to FSI’s Custom Maintenance System (CMS) suite of products.
CMS Capital Planning centralizes asset information – such as condition, replacement costs and end of life – in one dashboard. Additionally, users can access historical repair and maintenance costs to make data driven decisions in the preparation of the annual budget for capital dollars. Armed with this information, facilities and HTM departments can advocate on behalf of their department to leadership, putting digestible data in front of stakeholders in order to save revenue and continue to provide excellent patient care, according to a press release.
“There has never been a convenient, cost effective and centralized way for hospitals to collect, analyze, manipulate and export key datapoints to provide their department’s capital plan for use in the larger hospital planning process,” explained Joe Stockman, director of product experience at FSI. “Therefore, FSI is really taking the lead in the industry to provide a comprehensive software tool to those who want use data for smart financial decision making.”
With historic asset data, CMS Capital Planning aims to help health care systems save revenue and reduce risk, by allowing facilities and HTM departments maintain compliance and ensure assets are always in the best working condition.
“Having the right data points at our fingertips to present to leadership will be indispensable this year when we submit our financial plan,” shared Cody Hansen, senior manager, systems operations at University of Utah Health. “We can easily identify the assets that would make the biggest impact to repair or replace, and determine the most efficient way to spend the capital dollars allocated to us.”
CMS Capital Planning is an optional add-on to FSI’s CMS Core product, which allows for seamless integration between the asset information collected everyday by technicians in CMS and the data points necessary for utilizing CMS Capital Planning’s features, the release states.
