In a significant advancement for healthcare asset management, PartsSource recently announced the launch of a groundbreaking initiative called Asset Uptime. This technology platform is recognized as healthcare’s first multi-vendor, multi-modality Asset Health Record, aiming to enhance clinical uptime for multi-site providers. This initiative was co-developed through strategic partnerships with prominent healthcare systems, marking a pivotal moment in the management of critical healthcare equipment.
The introduction of Asset Uptime addresses a pressing need in the healthcare sector where providers often struggle to maintain asset availability amidst mounting operational pressures. New research indicates that most hospitals manage an average of 30 internal and external software systems related to device maintenance, many of which are underused and poorly integrated. This fragmentation can lead to increased equipment downtime, costing health systems anywhere from $20 million to $50 million annually.
Innovative Approach to Asset Management
PartsSource has a well-established reputation for empowering healthcare technology management (HTM) teams to tackle significant challenges in equipment management. The launch of Asset Uptime further enhances this mission by providing healthcare providers with the ability to proactively manage the health and maintenance of their equipment. By utilizing real-time data, this innovative solution allows HTM professionals to assess and visualize the clinical and operational readiness of their medical equipment.
The Asset Uptime platform aggregates telemetry data from connected devices, standardizes workflows, and introduces the first-ever Asset Health Record. This centralized repository is designed to store and visualize critical operational data across various vendors and modalities, enabling HTM teams to act quickly and effectively in managing equipment health.
Collaborative Development
The new platform was developed in collaboration with alpha partners from five healthcare systems, including the MultiCare Health System. These partnerships reflect a commitment to shaping an industry-standard solution that not only meets current demands but anticipates future challenges in clinical asset management. The combined expertise of these institutions has played a vital role in ensuring that Asset Uptime effectively addresses inefficiencies in existing workflows.
According to Philip Settimi, MD, MSE, President and CEO of PartsSource, "Asset Uptime is an inflection point on our journey of radical transformation." His emphasis on the collaborative nature of the development process underscores the importance of collective input from healthcare providers to create a tool that enhances decision-making in asset availability and operation.
Transforming Operational Efficiencies
The impact of Asset Uptime is projected to be significant. It provides a framework that revolutionizes how healthcare providers operationalize asset management, replacing reactive maintenance strategies with proactive readiness. By integrating real-time device monitoring, Computerized Maintenance Management System (CMMS) data, and PartsSource supply chain intelligence, the platform offers a unified view of asset performance and health.
Healthcare managers can now prioritize resources more effectively, improve service response times, and enhance overall equipment availability. This shift not only boosts efficiency but can also improve patient throughput and satisfaction, addressing an essential aspect of patient care.
Don Davenport, Manager of Clinical Engineering at MultiCare Health System, noted the transformative potential of Asset Uptime, stating, "With real-time insights and a unified view of our inventory and operations, we can better prioritize resources, improve service response, and ultimately increase equipment availability." This capability marks a significant leap forward in support for both clinicians and patients.
Driving Future Innovations
PartsSource is not new to innovation; the introduction of Asset Uptime builds upon previous successes like the PartsSource PRO® service, designed to replace fragmented service contracts with a unified, digital-first approach. By streamlining management processes and consolidating vendor contracts, PartsSource has demonstrated a commitment to maximizing asset availability and operational performance.
As the healthcare industry grapples with increasing operational complexities, solutions like Asset Uptime represent a welcome relief. By providing clarity amidst the chaos, PartsSource is paving the way for more strategic decision-making and empowering providers to efficiently manage their clinical assets.
Conclusion
With its launch of Asset Uptime, PartsSource is poised to reshape the landscape of healthcare technology management. As providers embrace this innovative platform, they can expect not only enhanced clinical uptime but also improved resource allocation and cost savings. In a time where operational efficiency is critical, this solution stands as a testament to the power of collaboration and innovation in driving better outcomes for healthcare providers and patients alike.
For those interested in experiencing Asset Uptime firsthand, PartsSource will showcase the platform at the AAMI eXchange 2025 in New Orleans. It is a valuable opportunity for healthcare professionals to see the technology in action and understand how it can transform their operations.
For more information on Asset Uptime or PartsSource’s offerings, visit the official website. As healthcare systems continue to navigate the complexities of asset management, innovations like this will be essential for securing a more efficient and effective future in patient care.
