Physical Inventory
Return On Investment
Clients include:
Kaiser Permanente
Gwinnett Health System
St Luke's Health System
Rady Children's Hospital
Hackensack University Medical Center
Health Management Associates
Hospital Corporation of America
Healthcare, Hospital, and Medical
Fixed Asset Inventory Count Services
- Acquisitions and Mergers
Equipment inventory for clinics, medical practices, and hospitals being
acquired, or merging with other entities.
Valuations of fixed assets and clinical equipment
- Expansion, Construction, and Moves
Develop accurate baseline asset inventory of new equipment and assets
Identify existing equipment for reallocation to new facilities
- Capital Budgeting
Plan for future capital purchases based on accurate records of existing assets.
Raise capital through identification and sale of unused equipment
Reduce taxes and insurance premiums
- Accounting Regulation and Audit Compliance
Independent professional fixed asset inventory for audit and regulatory compliance

Fixed asset physical inventory asset classes include:
- Clinical / Biomed Equipment
- Lab Equipment
- Monitoring Equipment
- Radiology and Sterilization
- IT Assets
- Audio Visual
- Furniture and Fixtures
- Kitchen, Office, and Health and Fitness Equipment
Asset Services' standard healthcare inventory service gathers data concerning:
- Asset Number
- Description
- Biomed / ITAM identifier
- Serial Number
- Product or Model Number
- Location
Utilizing bar code technology, asset inventories are done
professionally, quickly, and accurately.
Asset Services inventory specialists are experienced in hospital and clinical environments, whether it is a
medical office building, operating room, diagnostic imaging center, or patient room.
Some healthcare organizations require even more specific information pertinent
to their organization. Asset Services will record any additional information
required.
Fair market valuations of clinical equipment, IT equipment, and furniture/fixtures may be provided for
a merger or acquisition.
Asset Services can also reconcile the physical inventory back to the asset ledger.
Asset Services recognizes the
difficulty in maintaining and auditing your fixed asset inventory.
Inventories are time consuming, other priorities may take precedence,
staff have other responsibilities, or an asset management system may not
exist.
Choose Asset Services to
conduct a thorough and professional fixed asset inventory or audit and
eliminate the necessity of pulling valuable resources from their
normal duties and projects.
Answers
How does the inventory process work?
Our inventory teams will make a sweep through your hospitals, MOB's, clinics, and adminstrative areas, and apply a barcoded property tag to every fixed asset.
Information such as location, department, description, manufacturer, model, and serial number will be recorded using state-of-the-art
barcode data collection terminals.
The information recorded during the physical
inventory is compiled into an inventory report for your
records.
Asset Services also provides valuations of assets and equipment for hospitals or clinics being purchased or merged, as well as reconciliations of the physical inventory back to the fixed asset ledger.
Asset Services inventory specialists are highly sensitive to the concerns of
patients, doctors, nurses, and other health care and medical professionals. Asset Services takes pride in our ability to perform an
inventory with no disruption to procedures and activities
back to common questions
How long does it take?
Our inventory specialists are extremely accurate
and efficient at performing inventories. Physical inventories by
trained and experienced professionals are completed in a fraction
of the time it would take an untrained person to complete.
Using barcode technology and scanners reduces inventory time
dramatically, compared to the "pen and paper" method.
For example, our inventory specialists will complete an average
sized clinic in a few hours, and an average hospital in a few days.
back to common questions
How much does it cost?
The price of physical equipment inventory services varies with the size of the
hospital or clinic, and your specific needs. Our
fees are very competitive compared to the cost of using internal
resources. Asset Services inventory specialists are fast,
efficient, and knowledgeable about clinical equipment, and will
focused solely on the physical inventory. We'll be glad to give you a
hassle free estimate.
back to common questions
Asset Services recognizes the
difficulty in maintaining and auditing fixed asset inventories.
Inventories are time consuming, other priorities may take precedence,
staff have other responsibilities, or an asset management system may not
exist.